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%
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).
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
Swiss financial giant UBS has announced plans to slash up to 5,500 jobs - about 7 per cent of its total workforce.
Two sides meet in Grangemouth pensions row
A proposal to resolve the bitter row over pensions at the Grangemouth oil refinery has been drawn up following peace talks between leaders of the Uni … more»
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
Banking giant Citigroup has posted huge losses as the global credit crisis continues to hit US banks.
Business & Commerce RECENT articles
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Developing economies produce 41% of global output
Business & Commerce
The World Bank estimates the combined output of the world's economies was $59 trillion in 2006.
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US downturn to slow growth in Western Hemisphere
Business & Commerce
The US economic downturn is expected to slowdown growth throughout the Western Hemisphere, according to the International Monetary Fund (IMF).
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Bank cuts interest rates to 5%
Business & Commerce
The Bank of England has cut its benchmark interest rate by a quarter of a percentage point to 5 per cent.
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IMF predicts slower world growth
Business & Commerce
The global economy will grow at a much slower pace in the next two years, the International Monetary Fund (IMF) has warned.
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First Direct stops mortgages
Business & Commerce
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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Swiss bank UBS announces $12bn losses
Business & Commerce
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.
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Troubled Northern Rock posts £168.7m loss
Business & Commerce
Newly-nationalised UK bank Northern Rock made a £168.7m loss last year as a result of the global credit crisis.
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China to be world's largest economy in 2025
Business & Commerce
China could overtake the United States by 2025 to become the world's largest economy, a survey has predicted.
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HSBC profits jump 10% despite credit crisis
Business & Commerce
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.
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Lloyds TSB sees annual profits drop 6%
Business & Commerce
UK banking giant Lloyds TSB has seen its annual profits drop by 6 per cent.
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Anger as British Gas profits rocket to £571m
Business & Commerce
Energy giant British Gas has reported annual profits of £571m at its residential arm - more than six times the £95m it made in 2006.
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Bank cuts interest rate to 5.25%
Business & Commerce
The Bank of England has cut its benchmark interest rate by a quarter of a percentage point to 5.25 per cent.
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Gold shines bright in market gloom
Business & Commerce
With the price of gold continuing to break records, the future of this unique precious metal is looking bright, says Joanne Stapley.
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Role of IT growing in mergers and acquisitions
Business & Commerce
International mergers and acquisitions are becoming an increasingly important area in IT expertise
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Business failures to reach five-year high
Business & Commerce
The number of UK companies becoming insolvent will rise this year to its highest level since 2003, a study suggests.
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The world's most profitable firms
Business & Commerce
It was another year of record revenues for the world's largest corporations, but which firms are the most profitable?
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Bird Flu strain confirmed by Defra
Business & Commerce
The type of bird flu discovered on a farm on the border between Norfolk and Suffolk has been confirmed by Defra as the highly pathogenic H5N1 strain.
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Swearing at work boosts team spirit
Business & Commerce
Allowing staff to swear at work can benefit them and their employers, new research shows.
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Highlights from 999Today.com
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Barcelona: the complete guide
Since Barcelona was founded over 2000 years ago, it has pursued its vocation as a great Mediterranean metropolis.
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Google is world's most powerful brand
Internet search giant Google is the world's most valuable brand, a survey has revealed.
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Brown's Labour suffers election humiliation
Gordon Brown's Labour party has suffered its worst performance since the 1960s in local elections in England and Wales.
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this week …
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HOTEL Of The Week
A beautiful country house hotel in the heart of Dartmoor
Gidleigh Park is a beautiful country house hotel set on the banks of the North Teign River in the Dartmoor National Park, with 45 acres of gardens and woodland.
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PROPERTY Of The Week
Brownston Street
An elegant and well-proportioned Grade II listed Georgian house in the very centre of this much sought-after South Hams town.
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WINE Of The Week
Camel Valley Bacchus 2006
The sun is starting to peek out from behind the snow clouds, the spring flowers are in full colour, the evenings are lighter again … at last we can look forward to the spring/summer season ahead.
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VILLAGE Of The Week
Cove's long history rich with ship wrecks and smuggling tales
Hope Cove probably derives from the Old English hop meaning a circular valley...
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PRODUCT Of The Week
World's fastest Blu-ray burner launched in UK
Electronics giant LG Electronics has launched what it claims is the world’s fastest Blu-ray rewriter and HD DVD-ROM drive in the UK.
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RESTAURANT Of The Week
Boxwood Café review: Raving about Ramsay
999Today food critic Natasha Heard reviews the delightful Boxwood Café, part of the luxurious Berkeley Hotel in Knightsbridge, London.
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RECIPE Of The Week
Oven roasted Ideford duck breast on a parsnip rosti, topped with rhubarb sauce
By Tim Golder, head chef at Topsham's prestigious Oliva Restaurant, which was named best restaurant in Devon at the 2007 Devon Life Food and Drink Awards.
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