Britains Brown opens tour of Gulf for financial backing
Riyadh - British Prime Minister Gordon Brown was due in Saudi Arabia later Saturday at the start of a four-day Gulf tour that will also take him to Qatar and the United Arab Emirates. Brown will attempt to win the backing of oil-rich Gulf nations in ...

[ Published on : Sat, 01 Nov 2008 12:36 ]

Bank of England governor urges banks to start lending again
London - The governor of the Bank of England indicated Tuesday that further nationalizations in the British banking sector could not be ruled out if banks continued their lending freeze. Mervyn King told a parliamentary committee that the resumption ...

[ Published on : Tue, 25 Nov 2008 11:24 ]

British government to become major stakeholder in RBS bank - Summary
London - The British government is to become a majority stakeholder in the Royal Bank of Scotland (RBS) after shareholders failed to respond effectively to a cash-raising call. RBS, which is Britains second-largest bank, based in Edinburgh, has been...

[ Published on : Fri, 28 Nov 2008 10:26 ]