Breaking Finance news
Erdogan to meet main protest group
Last-minute move by Turkish prime minister comes after delivering ‘final warning’ to protesters, stoking expectations of an imminent police operation
Categories: Finance
Interest rate rises hit bond issuance
US sales of investment grade corporate debt almost slide to a complete halt, with companies accepting concessions to drive deals through
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Murdoch files for divorce
Wendi Deng Murdoch has no equity in News Corp and no voting rights in a company where the Murdoch family controls 39.4% of the voting stock
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Madoff’s UK operation was ‘warehouse’ for ‘stolen money’
Directors of Madoff Securities International are being sued by Grant Thornton, liquidators of the group, for breaching their fiduciary duty
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Osborne attacked over Hester ousting
Labour attack chancellor over his handling of RBS chief’s departure, as shares in the state-controlled bank tumble
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Mulberry hit by falling pre-tax profits
English fashion house suffers fresh blow to fortunes as it reports 28% decline in pre-tax profit while dealing with departure of designer Emma Hill
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France Telecom chief under formal investigation
During more than two days of police questioning Stéphane Richard was moved to a hospital apparently suffering from fatigue
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Hester to step down as RBS chief
Standard Chartered finance chief Richard Meddings said to be among those indirectly approached as a successor
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Vodafone in Kabel Deutschland talks
UK mobile group makes a preliminary approach to Germany’s largest cable operator, which has a market capitalisation of €6.6bn
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Mack joins Glencore Xstrata board
In bid to keep promise of cost-cutting, mining group and commodity trader brings in John Mack, nicknamed ‘Mack the Knife’ at Morgan Stanley
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Protests to end in 24 hours, says Erdogan
Turkish PM tells interior minister to end demonstration – as protesters prepare to gather in Istanbul’s Taksim Square day after police broke up crowds
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Bundesbank backs legal curbs on ECB
Weidmann tells German constitutional court he fears central bank’s free room for manoeuvre will eventually lead to stability risks
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FT complaint on QE funds raid upheld
Upholding a complaint from the FT about the ONS decision, the statistics watchdog calls for a review of headline measures of public borrowing and debt
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Barclays pushes for industry task force
Barclays pushes for industry task force to oversee implementation of reforms recommended by the parliamentary report into banking standards
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UK regulator investigates FX rates trade
The UK markets watchdog has launched a preliminary investigation into foreign exchange rates trading, amid alleged manipulation of benchmark rates
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Jobs data raise hopes for UK recovery
Data raise hopes the jobs market will benefit from recent signs of economic recovery, with older workers making up the fastest-growing sector
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Nokia to stop shipping Symbian phones
Finnish group to end deliveries of last homegrown platform, leaving its fortunes resting entirely on Microsoft’s fledgling Windows Mobile software
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Weidmann attacks ECB plan to save euro
Hearings are being closely watched as a barometer of German sentiment about eurozone crisis-fighting measures in the run-up to a September election
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Google buys mapping app for $1bn
No terms for the deal were disclosed but two people close to the deal said that Google paid more than $1bn for Waze, which was founded in Israel in 2008
Categories: Finance
Tech arms race pits state against citizen
The battle is on between a communications revolution that empowers the individual and a data revolution designed to protect governments
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