Switzerland's National Bank (SNB) will bring in a negative interest rate cutting the value of large sums of money left on deposit in the country.
... * UK retail sales beat forecasts to rise 6.4 pct y/y in Nov. * Black Friday drives electrical and department store sales. * Low inflation, rising wages offer positive 2015 outlook.
LONDON (Reuters) - The privatisation of Britain's Royal Mail could have raised an extra 180 million pounds, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the 2-billion-pound sale.
Federal Reserve Chair Janet Yellen restored clarity to the central bank's monetary policy plans, saying it was on course to raise interest rates, though not right away, after officials issued a statement that some Fed-watchers found confusing.
North Sea oil and gas tycoon and government advisor Sir Ian Wood has said around 10 per cent of jobs may go, while Robin Allan, chairman of the independent explorers' association Brindex and Premier Oil executive, said today that at current oil prices it is ...