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US house price slump hits consumer confidence

Home prices in 20 US metropolitan areas fell in March by the most in at least seven years, pointing to weakness in the housing market that will constrain economic growth.

Seymour Pierce to extend listings to Hong Kong

Seymour Pierce, the London-based investment bank and stockbroker, is to set up a new Asian business to tap into the growing pool of smaller Chinese companies looking to raise money on the public markets.

HSBC chief calls for action on inflation

Inflation risks spinning out of control unless the world's central bankers raise interest rates, the chief executive of Europe's largest bank has warned.

Failing bosses 'are rarely given sack'

Chief executives running poorly performing businesses are almost a protected species as, according to a new survey, they rarely get the sack for failure.

Covenant Healthcare up for remodelling

Nigel Robertson, the former Marks & Spencer, Ocado and Early Learning Centre executive, has been appointed as chief executive of Covenant Healthcare, the private equity-owned plastic surgery and private hospital business.

IMF 'can't bail out crisis countries'

The International Monetary Fund no longer has the financial clout to fulfil its traditional role of lending out money to save crisis-stricken countries, a new Bank of England report has warned.

House price indicator suggests market still weak

Britain's housing market remains under stress, according to official figures showing that mortgage approvals in April were the second weakest on record.

FSA looks at Polyus Gold surge

The Financial Services Authority is investigating whether Russia's leading gold miner has flouted disclosure and transparency rules in Britain.

BP backs CEO over Russian oil venture row

BP has thrown its weight behind the chief executive of its troubled Russian joint venture TNK-BP following disagreements with Russian shareholders.

Arun Sarin hails his Vodafone strategy

Arun Sarin, who less than two years ago faced calls from some major shareholders to resign, suggested his strategy to reinvigorate Vodafone had been vindicated as he hinted at a return to private equity once he steps down as chief executive of the mobile phone giant in July.

Other news

India moves to salvage nuclear deal with US

India's foreign minister was preparing to fly to Washington yesterday as the government tried to save a landmark deal on nuclear co-operation with America which symbolises a vital alliance between the two countries.

DSG to halve dividend and close stores

DSG International announced plans to invigorate sales, including a dividend cut and the closure of 77 Currys stores

Royal Bank of Scotland may auction Direct Line and Churchill to raise cash

Royal Bank of Scotland is this weekend mulling the option of selling its Direct Line insurance business in an effort to sweeten investors furious about a mammoth planned capital-raising of as much as

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