The U.K. economy grew less than expected in the third quarter, according to preliminary estimates from the Office of National Statistics (ONS).
BP, the U.K. oil giant, is slashing costs as it prepares for a long-term low oil price environment.
Mark Zuckerberg has been busy.
Global companies'appetite for acquisitions has hit a six-year high, with nearly six out of every 10 companies hoping to lock in a deal, data out on Monday showed.
With oil prices predicted to stay lower for longer and the $100 per barrel price tag something of a distant memory, analysts suggest the behemoth fund’s days of stellar growth may be numbered.
The Securities and Exchange Commission has charged credit rating agency DBRS with misrepresenting its surveillance methodology for ratings of certain complex financial instruments during a three-year period. The firm agreed to pay nearly $6m to settle the charges.
Cutting right to the chase.
An alleged lapse in risk controls on a series of trades said to be worth hundreds of millions of dollars.
Banking 'outcasts' fight back.
In play ?
Goldman Sachs “crossed the line and established a close, trusting, personal relationship” with officials during Moammar Al Qaddafi’s regime, lawyers for Libya’s $60bn wealth fund said in closing arguments during the final week of a London trial.
London's investment banks are continuing to take a wait and see approach to the UK’s decision to quit the European Union more than one month after the vote.
A venture capital fund seeded by Steve Cohen is putting as much as $250 million into the start-up Quantopian.