UPDATE: Scotland Votes “No” on Independence
On September 18, Scotland voted “No” on independence from the U.K. by a 55%-to-45% margin.
Diversified Growth Funds: Another British Invasion?
It remains to be seen if Britain's newest financial innovation, diversified growth funds, will survive a trip across the pond.
Dubai’s Growing Economy Faces High Debt Hurdle in 2014
Dubai has been prospering, which is remarkable, considering that it faced down default in 2009. However, there may be storm clouds on the horizon.
New Chinese Leadership to Continue Economic Reforms: Hu Jintao
Opening a congress to mark a once-in-a-decade leadership change, President Hu Jintao of China said the country will continue to pursue a boost in domestic demand to spur its economy.
Soros Buys Into Manchester United
According to SEC filings, Soros Fund Management snapped up more than 3.1 million shares to the tune of 25.8 million pounds ($40.7 million) as of the stock’s closing price on Monday.
NHS Hospitals Urged to Expand Overseas
Britain is urging major hospitals in its National Health Service to look beyond the country’s borders and offer foreign governments access to U.K. health services in the quest for profit.
Olympic Marketing: It All Started in 1896
Without the help of a wealthy philanthropist, the modern Olympics would likely have been moved before the first event was even held.
BoE’s Tucker Will Testify on Barclays, Libor
Paul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.
Barclays’ Chief Quits as Outcry Over Libor Grows
A day after he insisted he had no intention of stepping down, Bob Diamond resigned as head of Barclays Bank effective immediately, bowing to pressure from lawmakers outraged over the manipulation of Libor rates on his watch.
Diamond Pressured as Barclays’ Agius Steps Down
Barclays Chairman Marcus Agius resigned from his post after a LIBOR-rigging scandal resulted in a fine of 290 million pounds. CEO Bob Diamond remained at the helm despite calls for his ouster.