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China now worlds biggest energy user

China overtook the US last year to become the world's biggest energy user, the International Energy Agency revealed on Monday.

21 2010 | Viewed: 481 | News / Review of Mass Media | Read full
Goldman Sachs profits plunge 83%

Goldman Sachs' quarterly profits plunged from a year ago, the company reported on Tuesday, as revenue slumped and the bank set aside more than a billion dollars for the UK bonus tax and its historic settlement with US securities regulators.

21 2010 | Viewed: 652 | News / Review of Mass Media | Read full
Lunch with the FT: Oleg Deripaska

It is a sunny summer afternoon in London, and the courtyard of St John restaurant is bright and airy. Inside the dining room, however, things are much darker. There is little natural light, the walls are white, the lamps are black and the waiters pad silently around in the gloom.

18 2010 | Viewed: 539 | News / Review of Mass Media | Read full
Goldman to settle with SEC for $550 million

(Reuters) - Goldman Sachs Group Inc agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank's clients and investors.

17 2010 | Viewed: 576 | News / Review of Mass Media | Read full
Goldman Sachs settles with SEC

Goldman Sachs agreed on Thursday to pay a lower-than-expected $550m fine to settle US regulators' accusations that it misled investors in a mortgage-backed security - a move that ends the highest profile regulatory case since the crisis.

17 2010 | Viewed: 615 | News / Review of Mass Media | Read full
AIG chairman quits in power struggle

AIG's chairman Harvey Golub stepped down on Wednesday after losing a power struggle with the chief executive of the bailed-out insurer in a move that could cause further turmoil at the troubled company.

16 2010 | Viewed: 497 | News / Review of Mass Media | Read full
Fed cuts its 2010 growth forecast

The Federal Reserve has cut its 2010 growth forecast for the first time since the economic recovery began last year, as debate at the central bank turns from when to tighten policy to whether to ease it further.

16 2010 | Viewed: 587 | News / Review of Mass Media | Read full
China growth slowed in second quarter

The Chinese economy expanded 11.1 per cent in the first half compared with the same period last year, pointing to a considerable slowdown in the second quarter of the year.

16 2010 | Viewed: 565 | News / Review of Mass Media | Read full
FSA looks to impose checks for mortgages

Financial regulators plan to step up sharply their scrutiny of mortgage lending and investment product sales because they have concluded that disclosure and free markets do not do enough to protect consumers, Lord Turner, chairman of the Financial Services Authority, announced on Tuesday.

16 2010 | Viewed: 549 | News / Review of Mass Media | Read full
BSkyB in talks on launch of Arabic service

British Sky Broadcasting is in talks to broadcast a 24-hour rolling news service in Arabic, based in Abu Dhabi, as part of a joint venture with a local private investor, according to people familiar with the project.

16 2010 | Viewed: 545 | News / Review of Mass Media | Read full
Eurozone crisis fund expects top rating

The eurozone's €440bn sovereign rescue fund will be operational by the end of the month and expects to be awarded a coveted triple A credit rating in August, its new head has said.

14 2010 | Viewed: 507 | News / Review of Mass Media | Read full
Buck without bang

Alessandro Profumo, UniCredit's chief executive, has received lukewarm reactions from other European banks to his proposal for a €20bn privately financed fund to support cross-border banks in distress. The continent's bankers are presumably more warmly united around the main purpose such a fund would serve - to dam a rising tide in favour of a bank levy.

13 2010 | Viewed: 644 | News / Review of Mass Media | Read full
Obama attacked over business regulation

Antagonism between the Obama administration and the US Chamber of Commerce, America's largest business lobby, appears set to ratchet up further this week with the group's plan to host a "jobs summit" highlighting where it thinks Washington is going wrong.

13 2010 | Viewed: 500 | News / Review of Mass Media | Read full
PetroChina open to closer ties with BP

PetroChina, China's largest listed oil and gas producer, says it would "welcome" closer co-operation with BP as the embattled UK group struggles to cover liabilities arising from the Gulf of Mexico oil spill disaster.

13 2010 | Viewed: 520 | News / Review of Mass Media | Read full
France and Germany push for transaction tax

Germany and France are pressing ahead with their plan for a tax on financial transactions in the European Union by raising the issue for discussion at the bloc's next meeting of finance ministers early next week.

13 2010 | Viewed: 502 | News / Review of Mass Media | Read full
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