Seven years, three chief executives and �45bn of taxpayer funds later, the British government's decision to start selling its stake in Royal Bank of Scotland marks a key moment in the UK financial industry's recovery after the crisis.
NEW DELHI: In a smart recovery, the manufacturing sector grew at its fastest pace in six months in July on increased export order flows but hiring remained sluggish, a monthly survey showed today.
HSBC is likely to retain its UK arm but may change its name, the bank's boss declared yesterday. A sale of the retail division, including branches, looked on the cards when, two months ago, HSBC moaned about an industry shake-up.
... * June consumer spending logs smallest gain in four months. * Oil prices hit six-month low. * Apple shares weigh on Nasdaq, S&P.
Chinese regulators restricted stock short selling of stocks, freezing out day-traders, in their latest step aimed at stabilizing the world's second-largest equity market.