BT’s Verwaayen to step down after six years
Ben Verwaayen, the Dutch chief executive of BT is stepping down at the end of next month after six years in the job. He will be succeeded by Ian Livingston,
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AMD warns as it seeks to cut workforce
Advanced Micro Devices, the second largest microprocessor maker behind Intel, issued a sales warning and announced plans to cut its workforce by 10 per cent
Morgan CEO set to win investor backing
John Mack, Morgan Stanley's chairman and chief executive, looks set to defeat opposition from a number of pension funds and win a comfortable re-election to the investment bank's board at
Bush sets scene for Colombia trade fight
President George W. Bush moved to force a vote in Congress on a controversial free trade agreement with Colombia without the consent of Democratic leaders, setting the stage for a
Wall St rally buckles as Alcoa disappoints
Wall Street stocks ended the day roughly where they began as jitters ahead of the opening burst of first-quarter earnings reports offset fresh gains for financials
Paulson outlines plans for bank regulation
Hank Paulson, Secretary of the Treasury, talked through plans to give the Federal Reserve increased powers to regulate investment banks and limit the risks that they take
US praises Chinese economic policies
Hank Paulson, US Treasury secretary, will tell leaders in Beijing this week that the renminbi's recent appreciation is 'significant and welcome', according to a top US official
Swiss Islamic bank planned
The continued boom in bank products compliant with Islam has spurred plans to set up a new financial institution in Switzerland based on the tenets of the faith
Eurozone inflation surges to 16-year high
The pick-up in inflation, from 3.3% in February to 3.5% in March, all but rules out any cut in European Central Bank interest rates in the near future, even as
Georgian leader warns against Nato veto
Denying Georgia and Ukraine the right to move towards Nato membership would amount to appeasement of Russia, according to Mikheil Saakashvili, Georgia's president