House Prices Register a Jump

House Prices Register a Jump

House prices registered a jump in March after witnessing a slip in February.

However, property experts have cautioned that national house price indices have become "meaningless" in the current scenario.

Petrol Prices Touch Record High, Pound Slips

Petrol Prices Touch Record High, Pound Slips

Petrol prices have registered their record level in the UK, triggered by climbing energy prices and the weakness showed by the Pound, adding to the pressures on recession-hit consumers.

The price of petrol at the pump touched an all-time record level of 120.1p a liter on Thursday, surpassing the 119.7p a liter level reached in July 2008, revealed Experian Catalist.

Aviva Makes a Comeback in Asia

Aviva Makes a Comeback in Asia

Aviva, which had largely turned its back on Asia in 2005, is reported to make a comeback in the region, a move that comes weeks following its rival Prudential revelation of a $35.5 billion (£23.8 billion) acquisition bid for AIG's Asian business, AIA.

'Cadbury's law' Included in Labour Election Manifesto

'Cadbury's law' Included in Labour Election Manifesto

A fourth term Labour Government is revealed to include "Cadbury law" in its manifesto to protect British industry from being taken over by foreign companies, prompted by fall-out from the chocolate maker's acquisition by US food conglomerate Kraft.

UK Subsidiary of Reader's Digest Pulled out of Administration by Moulton's Better Capital

UK Subsidiary of Reader's Digest Pulled out of Administration by Moulton's Bette

Official reports have confirmed that the UK division of the Reader's Digest magazine has now been pulled out of Administration by Better Capital, the latest turn-around private equity company of Jon Moulton.

The deal, involving funds worth a whopping 13 Million Pounds, has come as Mr. Moulton's second investment since he floated Better Capital last year in London.

Gains Posted by both Wholesale Inventories and Sales

Gains Posted by both Wholesale Inventories and Sales

Official figures have confirmed that inventories held by wholesalers managed to rise by a bigger-than-expected amount over the month of February, and sales, on the other hand, also increased for the 11th straight month.

Tariff of up-to 99% Slapped on Chinese Oil Field Pipes Imports Set by America

Tariff of up-to 99% Slapped on Chinese Oil Field Pipes Imports Set by America

On Friday, the Commerce Department imposed penalties of up-to a whopping 99% on all imports of Chinese oil field pipes, a development which has come as the latest in a growing list of duties that are being slapped on Chinese makes are the authorities feel are unfairly priced.

Risk Levels were Effectively Masked by Major American Banks, Report Speculates

Risk Levels were Effectively Masked by Major American Banks, Report Speculates

Citing figures from the Federal Reserve Bank of New York, a source has speculated that all the major American banks managed to temporarily lower their debt levels just before reporting over the past five quarter, which made it look like their balance sheet were less risky.

An Overview of the American Tax Withholding System

An Overview of the American Tax Withholding System

Income taxes were not always taken back from people's paychecks. In fact, withholding of income tax is a pretty recent development. Before the year 1943, taxes were only withheld at times when the Government required to come up with some extra revenue.

Fitch Ratings Downgrades Greece's Credit Rating to BBB-

Fitch Ratings Downgrades Greece's Credit Rating to BBB-

On Friday, Greece was hit by yet another financial worry after Fitch Ratings decided to pull down the country's rating because of the debt that it currently holds and growing concerns about the Government's ability to effectively handle the huge amount of money owed.

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