U.K. retail sales dropped more than economists forecast in May as higher fuel costs and concern about employment prospects restrained consumer spending.
BusinessWeek.com — Finance
U.K. inflation held at the fastest pace since October 2008 last month as Bank of England policy maker Martin Weale repeated his call for higher interest rates.
BusinessWeek.com — Finance
U.K. mortgage approvals fell in April to the lowest in four months as rising jobless claims undermined consumer confidence and an extra public holiday for the royal wedding slowed house purchases.
BusinessWeek.com — Finance
The Prudential Regulatory Authority plans to crack down on risky U.K. banks when it takes over financial regulation next year, restricting the dividends and bonuses of lenders at an earlier stage.
BusinessWeek.com — Finance
U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.
BusinessWeek.com — Finance
Britain’s economy rebounded in the first quarter by enough to erase the contraction of the previous three months on the strongest surge in service-industry growth for four years.
BusinessWeek.com — Finance
ICICI Bank Ltd., India’s second- largest lender, said it may curb credit to Indian companies from its U.K. and Canadian units as regulators seek to curtail risks tied to funds it collected in those nations.
BusinessWeek.com — Finance
ICICI Bank Ltd., India’s second- largest lender, said it may curb credit growth at its U.K. and Canadian units as regulators seek to curtail risks tied to funds collected in those nations.
BusinessWeek.com — Finance
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