Oil prices eased toward $49 a barrel on Tuesday, paring earlier gains after U.S. stock markets rose following encouraging housing and consumer confidence data.
Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next two years, including 4,500 in the UK, in an effort to cut costs.
Partly nationalized British lender Royal Bank of Scotland may cut more than 9,000 jobs in the next two years, or about 5 percent of its total workforce.
Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next 2 years, including 4,500 in the UK, as part of a shake-up of its back-office operations.
Part-nationalized British lender Royal Bank of Scotland said the state's holding in the group will rise to 70.3 percent from 58 percent after its private sector investors largely shunned a sale of new shares.
Thousands of protesters clogged the streets of London's financial district on Wednesday. Hundreds of them battled with riot police in a brief but brutal spasm of violence, ending with 23 of them were arrested.
Riot police staged baton charges to try to disperse several hundred protesters gathered around the Bank of England in the heart of London's financial center on Wednesday after a day of protest against the G20 summit.
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.
Big Japanese manufacturers have grown increasingly bleak about business conditions in the last three months, suggesting a key central bank survey due next week could show the corporate mood is at its worst in about 34 years.
British bank Barclays Plc said it is considering selling iShares, part of its fund management arm, and said it was trading strongly, sending its stock up by more than a fifth.
British bank Barclays Plc on Monday confirmed it had discussed selling its iShares unit and said it was trading strongly, sending its shares up by more than a fifth.
Consumer products group Unilever has set the size of a planned five-year bond at 350 million pounds ($485 million), an official at one of the banks managing the sale said on Friday.
Lloyds Banking Group said Britain's requirement for banks to hold enough capital to withstand a severe downturn was key to its decision to insure 260 billion pounds ($370 billion) of risky assets with the UK government.
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.
Royal Bank of Scotland said on Wednesday it plans to sell the retail and commercial banking businesses of newly-acquired ABN AMRO China, part of efforts to exit from these operations in Asia.
European shares turned negative in afternoon trade on Wednesday, tracking weaker U.S. markets, as investors stayed concerned that measures taken by governments to revive the economy were insufficient.
U.S. agencies detailed financial rescue plans on Monday and insisted they did not want to nationalize banks as investors fretted over how struggling firms will cope with rising recession-driven losses.
On Wednesday, London stocks closed slightly higher than expected despite the doubts and skepticism of worldwide investors of the viability of the U.S. governments' latest rescue plan for the struggling financial industry.
