UNITED KINGDOM

Britain should cast aside its hesitation and press ahead with carbon capture and storage (CCS) projects, especially as it needs to replace many coal-fired generators, a government advisor told Reuters.

Virgin Group will return to the mortgage market and obtain a license to operate a high street bank, the group's billionaire founder Richard Branson told the Times newspaper.

Lloyds Banking Group starts meeting investors on Monday to garner support for its plan to insure 260 billion pounds ($370 billion) of risky assets with the UK government, which further dilutes shareholders and sent its shares tumbling.

European Union finance ministers are set to back a call from the International Monetary Fund to double its funds to $500 billion to fight the global financial crisis, a document showed on Monday.

The economic downturn will be deeper than previously thought this year and the recovery will be muted, the British Chambers of Commerce said on Monday.

Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion pounds of risky assets with the government.

Japan swung to its first current account deficit in 13 years in January as exports collapsed, and a key U.S. policymaker said a coordinated global effort was needed to boost demand and drag the world out of recession.

Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion British pounds ($370 billion) of risky assets with the British government.

India and Pakistan must change the way they treat each other and bury a dirty past to tackle growing militancy in the region together, Pakistan's former President Pervez Musharraf said on Saturday.

Merrill Lynch said on Friday it had discovered an irregularity in its London trading positions and the Financial Times reported that a Merrill trader had been suspended over a suspected $400 million loss.

Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing to a deal that would cap the bank's losses on about 250 billion pounds ($356 billion) of its risky assets, a person familiar with the matter said on Friday.

Britain will take a stake of up to 75 percent in Lloyds Banking Group after agreeing a deal to cap the bank's losses on about 250 billion pounds ($352 billion) of its risky assets, the Wall Street Journal reported on Friday.

Ireland's financial regulator said on Friday it is investigating the mispricing of trades at Merrill Lynch and is conferring with regulatory counterparts in the UK and the United States.

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

Royal Bank of Scotland is retrenching to its core businesses and plans to exit up to 36 countries, but unpicking a decade of deals in the eye of a financial storm will be a long slog.

Europe called for clarity on crisis-hit carmaker GM's plans for assets in the region with a German minister saying insolvency could be an option for Opel, while the Continental board met on Friday to discuss Schaeffler. As carmakers worldwide battle a sales slump, debate continued over the future of General Motors' European assets, with attention focusing on German brand Opel. German Interior Mi...

The Bank of England cut interest rates by 50 basis points to a record low of 0.5 percent on Thursday, and said it would pump 75 billion pounds of new money into buying assets, mostly gilts, in its battle with recession.

The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit British economy.

The euro and sterling slipped on Thursday ahead of expected rate cuts in Europe and the UK, while most Asian stock markets gave up early gains on disappointment that China did not announce new stimulus plans.

International cable supplier, Eland Cables, achieved the highest ever rank of any electrical cable supplier, taking home the ‘Best Companies to Work for’ in 2009 from The Sunday Times.