LONDON Dec 10 (Reuters) - Sterling hit a two-year high against the dollar on Tuesday as investors took upbeat comments from the Bank of England and strong house prices as signs that interest rates could rise sooner than previously thought.
Output from Britain's heavy industries rose more than expected in October, fuelling hopes that the UK's economic recovery, which has so far been driven by consumer spending, is broadening.
In the four years since Paul Volcker, former Federal Reserve chairman, first called for a ban on banks trading with their own money, the rule named after him has survived challenges from Wall Street, foreign governments and inter-agency warfare before being ...
... Stocks. * Akerson accelerates exit after wife's cancer diagnosis. * CFO Ammann named president, ex-Cummins CEO named chairman.
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.