LONDON - HSBC said on Monday that its second-quarter profit fell 4 percent from a year earlier as the bank overhauled its operations in an effort to cut up to $5 billion in annual costs by the end of 2017.
The taxpayer has now reduced its stake in Lloyds bank to below 14%. Photograph: Stefan Rousseau/PA. Jill Treanor. Monday 3 August 2015 04.26 EDT Last modified on Monday 3 August 2015 04.27 EDT.
The Eurozone's manufacturing sector may have performed slightly better than initially believed in July but the overall picture is a further slowing of growth compared to June, as the Greek debt crisis took its toll on confidence in July.
The Bank of England will announce its latest interest rate decision this week amid speculation that there will be a split vote among officials for the first time this year.
PARIS Aug 3 French transport and defence group Thales has won a contract worth one billion euros to upgrade four London Underground lines, including the oldest part of the network.