Business News Articles

Eurozone Contagion - Italy next?
Italy also now under preessure within Eurozone... more

UK CPI inflation falls to 4.2% in June
UK CPI inflation in surprise fall to 4.2% in June... more

UK manufacturing confidence hits 2 year low
Confidence among UK manufacturing firms has fallen to its lowest level in two years, a survey suggests. The Business Trends optimism index from the accountants BDO fell to 90.1 last month, from 97.5 in May, and way down from 116.4 in February. BDO said the drop could be attributed to slackening demand domestically as well as the global economic slowdown. It also pointed out business senti... more

Santander recalls call centres
Santander closes Indian call centres... more

ECB rate rise as expected
The ECB raises rates in line with market sentiment... more

Debt Debt and more debt
Markets are still preoccupied with debt situations in Greece, Portugal and the US... more

Banks cut leasing lending by 16%
Bank Leasing Lending down by 16% over the last year causing further strain on SME resources... more

MySpace sold for small change
MySpace bought by News Corporation for US$580million sold for US$35 MILLION... more

Lloyds Bank cuts further 15,000 staff
Lloyds further staff reduction of 15,000 staff... more

UK Public Sector pension strikes
Up to 750,000 public sector workers are expected to strike today over pension squeeze in UK... more