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Will the Middle Class Want Micro-Apartments?

Soon, Manhattan will not have enough housing to accommodate the growing number of one- and two-person households.

24 2013 | Viewed: 331 | Foreign experience | Read full
U.K. Finance Industry to Cut 43,000 Jobs, CBI Survey Says

The U.K.'s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.

22 2013 | Viewed: 374 | Foreign experience | Read full
Sony sells NY headquarters for $1bn

Japanese group takes biggest step in asset disposal programme.

19 2013 | Viewed: 333 | Foreign experience | Read full
India tackles its costly gold addiction

Government considers measures to curb precious metal imports and to make more use of existing gold stocks to stabilise country's balance of payments.

16 2013 | Viewed: 550 | Foreign experience | Read full
China's BOC Aviation places record order for 50 A320 jets

HONG KONG (Reuters) - BOC Aviation, the aircraft leasing arm of Bank of China Ltd, has placed its largest ever order to buy 50 A320 family jets from Airbus (EAD.PA) at a list price of $5 billion.

16 2013 | Viewed: 491 | Foreign experience | Read full
Japan PM leans on BOJ as government launches big economic stimulus

Japanese Prime Minister Shinzo Abe made his biggest push yet to make jobs growth part of the Bank of Japan's mandate as his government approved $117 billion of spending to revive the economy in the biggest stimulus since the financial crisis.

12 2013 | Viewed: 571 | Foreign experience | Read full
Morgan Stanley to cut jobs, may signal more pain ahead

Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.

11 2013 | Viewed: 548 | Foreign experience | Read full
AIG may join bailout lawsuit against U.S. government

NEW YORK/WASHINGTON (Reuters) - American International Group Inc, the insurer rescued by the U.S. government in 2008, said on Tuesday it is considering joining a lawsuit that claims the bailout terms were unfair, drawing angry condemnation from lawmakers.

10 2013 | Viewed: 447 | Foreign experience | Read full
Exclusive: SEC probes Ernst & Young over audit client lobbying

The Securities and Exchange Commission is investigating whether auditing company Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major audit clients, people familiar with the matter told Reuters.

8 2013 | Viewed: 369 | Foreign experience | Read full
IntercontinentalExchange in talks to buy NYSE: source

IntercontinentalExchange Inc is in talks to buy NYSE Euronext, the operator of the New York Stock Exchange, according to a source familiar with the situation on Wednesday, in a multibillion dollar deal that could help the commodities exchange take on arch rival CME Group Inc.

21 2012 | Viewed: 572 | Foreign experience | Read full
GM to Buy Back Stock From Treasury

DETROIT-General Motors Co. said it will purchase 200 million shares of its stock held by the U.S. Treasury Department in a first step toward the government's exit from the auto maker within the next 12 to 15 months.

21 2012 | Viewed: 403 | Foreign experience | Read full
US Treasury to sell last of AIG stake

The US Treasury agrees to sell its remaining shares in AIG, the insurance group whose 2008 bailout was the most contentious in the US.

12 2012 | Viewed: 331 | Foreign experience | Read full
UK tightens grip on foreign banks

The UK's chief financial watchdog has sharply tightened its grip on overseas banks that want to take deposits in Britain, pressuring them to open locally-regulated subsidiaries with their own access to cash and capital.

12 2012 | Viewed: 502 | Foreign experience | Read full
Banks plan to move 3,000 UK jobs out of City

Three global investment banks plan to move 3,000 City of London jobs to other UK cities and towns over the next few years, bringing respite to regional financial centres as they struggle against heavy job losses in banking and insurance.

12 2012 | Viewed: 340 | Foreign experience | Read full
Osborne to extend austerity into 2018

Boxed in by low growth and stubbornly high borrowing, chancellor will have little good cheer to dispense: rich and unemployed face fiscal pain.

6 2012 | Viewed: 395 | Foreign experience | Read full
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