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Administrators struggle with big bond blow ups

The fate of billions of pounds of British commercial property is in the hands of a small group of secretive administrators, leaving investors in the dark about the future returns on their bonds.

Q&A-Exclusive Analysis on Middle East risk

Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE.

Daily Forex Commentary 22 July 2009

The Australian Dollar opens largely unchanged on Wednesday at 0.8160 and is pausing for breath after six days of steady gains versus its US counterpart. During the domestic session on Tuesday, the Aussie traded as high as 0.8178 after the minutes of the RBA's July 7 board meeting painted a picture of an economy in recovery mode.

Central banks cautious on further credit boost

Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time.

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Auto results highlight economic pain; Bernanke awaited

Auto companies posted steep losses and poor outlooks for the industry on Tuesday, suggesting recovery is some way off despite improving economic data and a stock market rally toward nine-month highs.

Tesla electric sports car picks lithium power

As the auto industry race twists and turns over which metal to use in electric cars, the first lithium-powered sports car has hit the streets of Europe.

Warner Music and YouTube still talking on deal

Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.

Midday Minute - July 20 - Energy

Halliburton Co., the second largest oil services firm in the world, reported its second quarter net profit fell $262 million. Nissan said it will invest near $700 million in two plants to make batteries for EVs. Tuvalu said it will power its economy hundred percent with renewable energy sources by 2020.

Politics, economics collide over Opel: Paul Taylor

Political and economic logic are set to collide in the byzantine decision-making over the future of German carmaker Opel, the main European arm of fallen U.S. auto giant General Motors.

Nissan to invest in UK, Portugal battery plants

Car manufacturer Nissan said on Monday it will invest almost $700 million in two plants to make batteries for electric cars in Britain and Portugal after securing financial support from their governments.

GM gets three offers for Opel

General Motors (GM) said on Monday that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal.

LaSalle says European comm. property sector stabilised

LaSalle Investment Management on Monday said investor sentiment in the European commercial property sector had stabilised, that repricing had found a floor and that there was rising interest in the UK market.

EU sets hearing over Google books deal

The European Commission is to hold a hearing on September 7 for interested parties to comment on Google's deal with publishers to make millions of books available online and its impact on EU writers' rights.

Antichrist director says outrage suits me fine

For Danish film director Lars von Trier, the outrage that greeted Antichrist at the Cannes festival in May was music to his ears.

U.S. banks lift bar for Europe earnings

Stellar earnings from U.S. banks have raised expectations that European rivals will follow suit in the next month, although rising bad debts have the potential to douse that optimism.

Top Barclays fundraiser set to leave - paper

Roger Jenkins, the executive who secured billions of pounds in overseas funding to help Barclays remain free from direct government investment, is poised to leave the bank, the Sunday Telegragh reported.

British students quarantined for H1N1 flu in China

A group of 52 British school children and their teachers have been quarantined in Beijing after four pupils were admitted to hospital infected with the H1N1 flu virus, Britain's Foreign Office said Saturday.

World's oldest man dies at 113

Henry Allingham, the world's oldest man and one of the last survivors of World War One, has died at the age of 113, his care home said on Saturday.

Oldest man in the world dies at age 113 in U.K.

The oldest man in the world, Henry Allingham, died at the age 113 during his sleep at St. Duntstan's care home in Ovingdean, England, his care home said Saturday, according to CNN.

Myanmar film to expose 2007 protests crackdown

A film documenting a group of clandestine reporters secretly filming the 2007 street protests in Myanmar and crackdown by the military junta hit cinemas in Britain this week to warm applause from the critics.

UK should hold troop levels in Afghanistan

Britain should maintain its current troops levels in Afghanistan and may need to deploy more soldiers for up to 18 months until the Afghan army can take on greater responsibility, the head of the army said on Friday.

Luxury jewelers defy downturn

Hundreds of luxury jewelers defied the downturn and partied late into the night on Thursday in glitzy Park Lane at the 2009 UK Jewelry Awards in which avant-garde designer Shaun Leane won a top accolade.

RHJ and Magna face off in bid for Opel

Belgium-based investor RHJ International is offering 275 million euros ($388 million) for a majority stake in General Motors' Opel business in a last-ditch bid to beat early frontrunner Magna.

Troop deaths spiral in Afghanistan as debate rages

A roadside bomb killed a British soldier in southern Afghanistan, the military said on Friday, as defense officials in London said they may need to deploy even more troops in the fight against the Taliban.

Bombs rip through Indonesia hotels, killing eight

Bombs ripped through two luxury hotels in the heart of Indonesia's capital on Friday, killing eight people and wounding dozens in an attack the president said would damage confidence in Southeast Asia's biggest economy.

British Airways raises $1 billion to avert cash crisis

British Airways unveiled a $1 billion fundraising aimed at securing its future, including $540 million in bank loans that had been earmarked for its pension funds as a safety net against the airline going bust.