Switzerland's central bank has introduced a negative interest rate on deposit accounts as it battles to ease the pressure on the Swiss franc.
... * 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.
NEW YORK (Reuters) - Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S.
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 ...