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Business & Commerce

Oil could reach $200, analyst warns

Oil could reach $200, analyst warns

Oil prices could reach $200 a barrel within the next two years, a Goldman Sachs report has found.

UBS to cut jobs after huge losses

UBS to cut jobs after huge losses

Swiss financial giant UBS has announced plans to slash up to 5,500 jobs - about 7 per cent of its total workforce.

HSBC profits rise despite write-downs

HSBC profits rise despite write-downs

HSBC, Europe's biggest bank, has written off $3.2bn in the first quarter of 2008 as a result of the US sub-prime mortgage crisis and credit turmoil.

Bank leaves rates unchanged at 5%

Bank leaves rates unchanged at 5%

UK interest rates have been left on hold at 5 per cent, following May's meeting of the Bank of England's Monetary Policy Committee (MPC).


Google is world's most powerful brand

Google is world's most powerful brand

Internet search giant Google is the world's most valuable brand, a survey has revealed.


Citigroup posts huge losses

Citigroup posts huge losses

Banking giant Citigroup has posted huge losses as the global credit crisis continues to hit US banks.

US downturn to slow growth in Western Hemisphere

US downturn to slow growth in Western Hemisphere

The US economic downturn is expected to slowdown growth throughout the Western Hemisphere, according to the International Monetary Fund (IMF).


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Swiss bank UBS announces $12bn losses

Swiss bank UBS announces $12bn losses

Swiss financial giant UBS says it will make a first-quarter net loss of $12.1bn as a result of the recent credit market turmoil.

China to be world's largest economy in 2025

China to be world's largest economy in 2025

China could overtake the United States by 2025 to become the world's largest economy, a survey has predicted.

HSBC profits jump 10% despite credit crisis

HSBC profits jump 10% despite credit crisis

HSBC, the UK's largest bank, has unveiled a 10 per cent rise in annual pre-tax profits despite huge losses linked to the global credit crisis.

Lloyds TSB sees annual profits drop 6%

Lloyds TSB sees annual profits drop 6%

UK banking giant Lloyds TSB has seen its annual profits drop by 6 per cent.

The changing face of advertising

The changing face of advertising

As online consumer activity continues to increase, the role of advertising through the traditional media of TV is changing.

Anger as British Gas profits rocket to £571m

Anger as British Gas profits rocket to £571m

Energy giant British Gas has reported annual profits of £571m at its residential arm - more than six times the £95m it made in 2006.

Gold shines bright in market gloom

Gold shines bright in market gloom

With the price of gold continuing to break records, the future of this unique precious metal is looking bright, says Joanne Stapley.

Business failures to reach five-year high

Business failures to reach five-year high

The number of UK companies becoming insolvent will rise this year to its highest level since 2003, a study suggests.

The world's most profitable firms

The world's most profitable firms

It was another year of record revenues for the world's largest corporations, but which firms are the most profitable?

Swearing at work boosts team spirit

Swearing at work boosts team spirit

Allowing staff to swear at work can benefit them and their employers, new research shows.

Bill Gates still tops Forbes rich list

Bill Gates still tops Forbes rich list

Bill Gates, founder of software giant Microsoft, remains America's richest person.

Role of IT growing in mergers and acquisitions

Role of IT growing in mergers and acquisitions

International mergers and acquisitions are becoming an increasingly important area in IT expertise

London climbing up the wealth league

London climbing up the wealth league

London is on course to become the world's fourth largest city economy by 2020, a report has predicted.

Citigroup is 'world's largest firm'

Citigroup is 'world's largest firm'

US banking giant Citigroup has been named the largest company in the world, by Forbes business magazine.



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Developing economies produce 41% of global output

Developing economies produce 41% of global output

The World Bank estimates the combined output of the world's economies was $59 trillion in 2006.

IMF predicts slower world growth

IMF predicts slower world growth

The global economy will grow at a much slower pace in the next two years, the International Monetary Fund (IMF) has warned.

Troubled Northern Rock posts £168.7m loss

Troubled Northern Rock posts £168.7m loss

Newly-nationalised UK bank Northern Rock made a £168.7m loss last year as a result of the global credit crisis.

First Direct stops mortgages

First Direct stops mortgages

First Direct has closed its doors to new customers after the bank admitted being swamped by an unprecedented number of applications for its home loans.


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