LONDON (Reuters) - The agency which takes over underfunded defined benefit pension funds when their sponsor goes bankrupt said it would invest in private equity and infrastructure to seek higher returns.
Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes
Barclays offers investment with rewards for risk
Aubrey Stoll posted a photo:
This is a photography of the skyline of Dubai. Endless skyscrapers are being built in this city. I suspect in 10 years’ time the skyline will be unrecognisable. This picture was taken from the roof top of the Hilton Hotel in Dubai Creek. The scene shows the Burj Khalifa, the Emirates Towers and the Burj Al Arab.
Regulators have ordered UK banks to run a new round of tougher stress tests that assume the economy will endure a double-dip recession that would force unemployment up to 13.3 per cent
Gordon Brown has confirmed the Budget will be held on March 24 in what is expected to be his government’s last major political event before the start of the general election campaign
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair competition
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