Ben Bernanke, Federal Reserve chairman, offered the firmest timeline yet for tapering US central bank asset purchases, saying bond buying by the US central bank could be slowed this year and end altogether around the middle of next year.
When Ian Livingston delivered BT's annual results, he had no idea that within six weeks he would be announcing his departure to take over from Lord Green as trade and investment minister.
Dalian Wanda Group (DLWGCZ), the Chinese developer controlled by billionaire Wang Jianlin, is investing 1 billion pounds ($1.6 billion) in a British yachtmaker and a London site to build Western Europe's tallest residential tower.
Sir Mervyn King has used his last speech as governor of the Bank of England to back the chancellor's proposals to radically reshape Britain's two state-owned lenders, Royal Bank of Scotland and Lloyds Banking Group.
By David Brett. LONDON | Wed Jun 19, 2013 7:19pm BST. LONDON (Reuters) - UK equities closed slightly lower on Wednesday as investors awaited clarity from the U.S.