07.15.2012]blodic.us

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Bumi's directors criminally liable for poor records, claims Pirc

All of Bumi's 11 directors have committed a "criminal offence" by failing to ensure that the coal mining group's Indonesian businesses keep proper accounting records, shareholder lobby firm Pirc has claimed.

BT chief Ian Livingston: 'I couldn't say no to Government job'

Ian Livingston is quitting BT for Westminster as the former state monopoly enters the tougest competitive battle in its history against BSkyB, writes Christopher Williams.

Lord Green to retire after reforming UKTI

Lord Green was credited with leading the "reform and rejuvenation" of UK Trade & Industry by David Cameron, who announced the unexpected switch of his Trade Ministers on Wednesday.

IFRS is illegal, investors claim

A group of powerful investors has demanded an urgent review of Britain's accounting rules after being given a legal opinion that they not only distort bank accounts but also fall foul of Company Law.

96 per cent of Royal Mail staff vote 'no' to privatisation

Royal Mail workers have overwhelmingly voted "no" to privatisation in a ballot which also threatens a wholesale boycott of competitors' mail.

The US recovery: in numbers

The Federal Reserve has kept its stimulus program for the US economy unchanged and gave no hint as to when it might begin reeling in its $85bn-a-month bond purchases. Here is a look at the US recovery so far.

Lloyds privatisation is 'active', says George Osborne

The Chancellor has fired the starting gun on the privatisation of Lloyds Banking Group, opening the prospect of a first sale of the taxpayer-backed lender's shares within months.

Germany's ascendancy over Europe will prove short-lived

Germany has peaked. Its hegemony in Europe is a "power illusion", a confluence of fleeting advantages soon to be overwhelmed by the delayed effect of error and the crush of historic forces.

Banking Commission: Trading floors 'need more women'

Banks should have more women traders to help dispel a culture on trading floors that is "overwhelmingly male", according to a wide-ranging report into banking standards by a cross-party group of MPs and peers.

BT chief Ian Livingston quits to become trade minister

Ian Livingston, the chief executive of BT, will step down in September to join the Government as trade and investment minister, it has been announced.