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Consumers revolt against debt insurance mis-selling

Thousands of borrowers are poised to challenge lenders over debt insurance, in what has been hailed a new consumer revolution against mis-selling and unfair charges.

Luxury goods still a playground for private equity

Credit crunch or not, the allure of stellar growth and profits remains for investors.

Deadline set for Delta Two, Sainsbury Aquisition

Today in the UK, Delta Two, the Qatar based investment firm trying to takeover supermarket chain J Sainsburyâ€™s, was given a deadline of 8th November 2007 to make a bid.The deadline was set by the Takeover Panel Executive at the request of both Sainsburyâ€™s and Delta Two who both â€œagree that it is in the best interests of shareholders and colleagues to bring this process to a conclusion as soon as practicableâ€, according to a joint statement.Delta Two has made a 600p per share offer for Sainsburyâ€™s, however in order to follow through with the offer, the company still needs an addition £500 million of extra equity.In a statement today the two parties said that Delta Two was trying to secure the extra funding from the Qatar Investment Authority and that as a result, â€œthere can be no certainty that such funding will be forthcoming and, therefore, no certainty that an offer will be made.â€Delta Two originally approached Sainsburyâ€™s in July with an offer, however following the credit crunch the Sainsbury family, who own 18% of the shares were concerned that the offer had too much debt.Sainsburyâ€™s is the third largest supermarket chain in the UK.

Pearl ups bid in battle for Resolution

Insurer Pearl made a 4.9 billion pound ($10.1 billion) cash offer for rival Resolution on Friday, in a dramatic move aimed at thwarting a deal between Resolution and Standard Life agreed just hours earlier.

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More Chinese students studying abroad

Studying abroad has been accepted by more and more Chinese students and parents according to a new study.

U.S. undoubtedly in recession: Jim Rogers

The United States has entered a recession, according to highly-regarded investor Jim Rogers, who told Britain's Daily Telegraph newspaper on Wednesday he was switching out of the dollar and into yen, the yuan and the Swiss franc.

Twelve years and counting for Myanmar's Suu Kyi

Australia slapped financial sanctions on Myanmar's generals and their families on Wednesday as supporters of opposition leader Aung San Suu Kyi marked her 12 years in captivity with protests in 12 cities across the world.

Umbro Agree's to Nike Take over

Umbro, the company which makes the sports kit for the England soccer team as well as for six of the UK Premier League clubs, has today agreed to a takeover by Nike in a £285 million deal.

Iraq promises Turkey help over rebels

Iraq pledged on Tuesday to rein in Kurdish rebels who are launching attacks on Turkey from mountain hideouts near the border after Ankara threatened to send forces into Iraqi territory to confront the guerrillas.

Asia helps Prudential top sales forecasts

Insurer Prudential topped forecasts on Tuesday with a 10 percent rise in nine-month sales, as growth in Asia, driven by India and Taiwan, offset the impact of a weak dollar and a shrinking business at home.

Bank of China eyes UK expansion

Bank of China, the world's No. 6 bank by market capitalisation, is seeking acquisition opportunities to expand its British retail business, a senior executive said.

BP profits down 45% as output, refining suffer

BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result. Though also lower than the same period last year, BP's underlying profits were towards the top end of analysts' forecasts, helped by a lower tax rate.

Turkey sends minister to Iraq

Turkey's foreign minister will vow military action in northern Iraq unless Iraqi and U.S. forces crack down on separatist Kurdish guerrillas.

Tesco and Disney Partner on Branded Foods

Tesco, Britain's largest retailer and Disney Consumer Products UK announced an agreement to jointly launch a range of co-branded food products.

Concerned Business Leaders to Meet Darling

Today, the UK Chancellor of the Exchequer Alistair Darling will be meeting with business leaders about his plans to reform the capital gains tax system.

Dell to sell computers in 1,400 Staples stores

Dell Inc (DELL.O) said it would sell personal computers, printers, monitors and ink supplies in 1,400 Staples Inc (SPLS.O) stores in the United States, its latest move into retail after breaking from 23 years of selling directly to consumers.

Turkey to exhaust diplomacy before striking

Turkey said on Monday it will exhaust diplomatic channels before launching any military strike into northern Iraq to root out Kurdish rebels, who killed at least a dozen Turkish soldiers in fighting over the weekend.

Gold falls 1.5 percent on profit-taking

Gold shrugged off a tumbling U.S. dollar to fall more than 1 percent on Monday as investors cashed in on the metal's rally to a near three-decade high.

Group of Seven fail to address dollar decline

Fiscal policy makers from the Group of Seven meeting this week in Washington this week did not specifically address the issue of the dollar trading near all-time lows versus the euro in recent weeks.

Affordable art lures buyers

Affordable art sounds like a contradiction in terms these days, but there are some cheap alternatives.

G7 finance chiefs aim to calm uneasy global markets

With global economic growth waning and a credit crunch threatening, finance chiefs from rich nations were gathering on Friday to mull how to control strains in financial markets and keep expansion going.

Copper hits 1-month low, aluminium at 7-week high

Copper touched a one-month low on Thursday, dragged down by poor U.S. data triggering technical selling while dwindling stocks sent aluminium to a seven-week high.

Virgin Atlantic in talks over plane order

Virgin Atlantic is considering buying 10 longhaul aircraft worth about $3 billion to enter service around 2012.

Stocks move up on solid earnings reports

Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.

EBay customers' cash linked to risky assets

EBay Inc customers who park extra cash in a nearly $1 billion PayPal money market fund are exposed to the same type of assets targeted for an emergency bailout by the largest U.S. banks, regulatory filings show.

BBC in drama of 21st century media

Having angered Queen Elizabeth and the public, Britain's BBC is set to shed staff with sweeping job cuts this week in the biggest crisis to hit the world-renowned broadcaster since a government clash over Iraq.