UK Business News

31 October, 2014 17:10

Banks may be forced to boost reserves

British banks may have to hold more funds to guard against the risk of a future economic downturn, the Bank of England has proposed.

31 October, 2014 11:32

Russia raises interest rates to 9.5%

Russia's central bank raises interest rates to 9.5% from 8%, a much bigger rise than expected, as it seeks to combat inflation.

31 October, 2014 14:00

Government to 'retire' some WW1 debt

The UK Government has said that it will 'retire' £218m of the UK's £2bn First World War debt by refinancing bonds originally issued by Winston Churchill.

31 October, 2014 11:57

Former Android boss leaves Google

Andy Rubin steps down from Google, while his former colleague Daniel Graf is demoted at Twitter

31 October, 2014 12:16

Eurozone inflation edges up to 0.4%

Inflation in the eurozone rose slightly in October, giving some hope that the spectre of deflation can be staved off.

31 October, 2014 10:34

BOJ boosts monetary stimulus measure

Japan's central bank, the Bank of Japan, surprises markets by announcing an expansion of its monetary stimulus policy.

31 October, 2014 16:59

RBS reserves £400m for currency probe

Royal Bank of Scotland sets aside £400m to cover potential costs from an investigation into possible manipulation of the foreign exchange market.

31 October, 2014 17:50

FTSE up on bank news and Japan move

The FTSE 100 rises more than 1% as investors breathed a sigh of relief over Bank of England plans for capital reserves and welcomed news of a stimulus boost from the Bank of Japan.

31 October, 2014 12:57

Hungary scraps controversial web tax

Hungary shelves a proposed tax on internet data traffic after tens of thousands of Hungarians marched against it.

31 October, 2014 10:49

BA owner raises profit forecast

The parent company of British Airways, IAG, raises its profit forecast after it reports a 30% increase in third-quarter profits.

News reports courtesy of BBC News.

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