Defence Secretary Philip Hammond today abandoned plans to hand the job of buying military kit over to a private company. The Tory minister spent around �7.4million trying to privatise MoD procurement.
Fears that advanced economies, including Britain, might have entered a phase of �secular stagnation� were rejected last night by the Bank of England Governor, Mark Carney.
... 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.
By Emily Stephenson and Douwe Miedema. WASHINGTON Dec 10 (Reuters) - U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable ...