The largest bank in the UK, HSBC is expects to reveal its loss of $ 16 billion for the year 2007. However it will still make its annual profit. The firms’ annual report will show that the main reason for the poor debt charge is chiefly due to the crumbling housing market of the US […]
Popularity: 34%
The bank of England has considered participating in a mass purchase of various mortgage back securities and has provided a new reform in the way it helps several big banks with emergency funding. Reports from the previous week suggested that Mervyn King, the governor of the bank, agreed to a request made by Britain’s five […]
Popularity: 30%
This year as a result of the snow and storm endured by the nation, instead of what was supposed to be a challenging period for most retailers ended up as being one of the worst Easters in years. Meteorologists predict that the bad weather is going to continue and it is said that this was […]
Popularity: 19%
The gas monopoly of Russia Gazprom is planning to cut Russia’s gas and intends on reducing it by 25 per cent after talks between the two sides collapsed in failure. The Russian company said that it has tried its level best to get Ukraine to pay its debts and its efforts had only reached a […]
Popularity: 19%