China’s banking sector is poised for a huge 300 billion yuan (£26 billion) capital-raising effort to finance the hangover from its unprecedented year-long lending binge.


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The future of Saab was in doubt last night after General Motors (GM), its American parent, said that a deal to sell the troubled Swedish carmaker had fallen through.


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The Federal Reserve raised its outlook for economic growth in the United States next year to a range of 2.5 per cent to 3.5 per cent and said that unemployment appeared to be near a peak.


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Oleg Deripaska, the Russian oligarch, is in a race against time to complete the $7.4 billion ($£4.5 billion) refinancing of his aluminium empire before its initial public offering (IPO) in Hong Kong.


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Business investment tumbled for the fifth straight quarter between July and September, official data showed yesterday, raising concerns about the sustainability of the economic recovery.


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The Government is sharpening the axe for Britain’s £4 billion nuclear clean-up budget and drawing up plans for big spending cuts at contaminated sites including Sellafield and Dounreay, The Times has learnt.


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The Bank of England’s bombshell about the level of secret support provided to HBOS and Royal Bank of Scotland has exploded at a distinctly uncomfortable time for Lloyds. On the very day that Lloyds prices its £13.5 billion rights issue, its shareholders are told they were kept in the dark about the real state of HBOS as it was being acquired by Lloyds a year ago.
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William Hill, the bookmaker, surprised the market by announcing the departure of its group finance director less than three weeks after he had overseen a £300 million bond issue.
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Investors are snapping up newly built flats in northern cities at substantial discounts, clearing out the unsold stock of several leading housebuilders.
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