Chancellor George Osborne confirmed the news in his Mansion House speech on Wednesday night, as Sir Mervyn prepared for his final speech at the event.
More than �400million was wiped off BT's market value on Wednesday after the company was rocked by the surprise departure of transformational chief executive Ian Livingston.
The end is in sight for US Federal Reserve easing that has dominated financial markets for half a decade after it set out an optimistic economic outlook that would lead to the end of asset purchases in mid-2014.
BEIJING | Wed Jun 19, 2013 6:56am EDT. BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, ...
Government plans to privatise the Royal Mail could be hit after a boycott by thousands of postal workers moved a step closer today.