Sterling slides as deficit worries mount
Sterling tumbled to a 10-month low against the dollar on Monday as figures revealed speculators had built up record bets against the pound and concerns grew over the UK’s record budget deficit.
Sterling tumbled to a 10-month low against the dollar on Monday as figures revealed speculators had built up record bets against the pound and concerns grew over the UK’s record budget deficit.
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UK insurer agrees to buy the Asian operations of AIG of the US for $35bn in cash and shares, with the deal being funded by a fully underwritten rights isue and the issuance of $5bn of debt
Two surveys suggest growing optimism about the economy, but give a mixed picture about the state of the jobs market.
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AIG and Prudential are on the verge of sealing a deal for the sale of AIA, the US life insurance company’s Asian business, to the UK’s biggest insurer for up to $35bn, with a deal expected to be announced this week
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A tired dogue de bordeaux accountant ready with the taxes to be paid
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