HONG KONG (Reuters) - A move by British banking giant HSBC to relocate its headquarters back to Hong Kong would present major challenges to the city's banking watchdog, regulatory experts said.
Britain's housebuilders saw their share prices hit on Monday after Ed Miliband unveiled detailed plans to impose rent controls on landlords.
Owner Centrica said that British Gas had stemmed the flow of customers leaving the business, with the number of accounts on its books staying at 14.8 million, following a five per cent cut in gas tariffs from the end of February.
Diageo, the Johnny Walker and Smirnoff vodka owner, is facing a bitter legal battle with Indian businessman and Kingfisher Airlines founder Vijay Mallya.
European stocks rebounded Monday after Greece reshuffled its team for bailout negotiations with creditors. Markets had opened lower, after Friday's summit of eurozone ministers ended in deadlock, but picked up in the afternoon while Greek bonds rallied.