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.
Puerto Rico pays just $628,000 toward a $58m debt due Monday as lack of liquidity continues to hamper its ability to dig out from under estimated $72bn debt load.
Chinese factories had their worst month in two years in July, fuelling fears that growth in the world's second-biggest economy is stalling.
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.
After months of rumors Germany's top carmakers Audi, Daimler and BMW have finally banded 2.8 million euros ($3.1 billion) together to buy Nokia's mapping assets HERE.