LONDON British industrial output suffered its sharpest monthly drop in December since 2012 as warmer than usual weather curbed demand for electricity and gas and manufacturing continued its decline, denting hopes for improvement this year.
London-based explorer Tullow Oil is planning to slash capital expenditure by two-thirds by 2017 after reporting its second consecutive annual loss.
Tidjane Thiam, CEO of Swiss bank Credit Suisse, said banks are in a better shape than during the financial crisis. Photograph: Ennio Leanza/AP.
LONDON - Britain's top share index climbed higher on Wednesday, with Tesco (TSCO.L) gaining after an industry sales report and banks bouncing back on bargain-hunting after three straight sessions of losses.
A ticker shows Japanese stocks taking another nosedive on Wednesday, falling below the 16,000 line to a roughly 15-month intraday low.