Private equity industry faces 'tough times'
Private equity firms will struggle to make spectacular gains in the future, a senior industry figure... [read more]
Wall Street rides to the rescue
Closing market report: The FTSE 100 was in the red for much of the day but an opening rise in New York... [read more]
General Motors agrees to sell Allison Transmission business for $5.6 billion
General Motors Corp. said Thursday it has agreed to sell its Allison Transmission commercial and military... [read more]
U.S. economic growth slows to 0.7% in first quarter
The U.S. economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than... [read more]
China guarantees safety of exports
The guarantee by Wang Xinpei, a spokesman for the Commerce Ministry, came a day after the U.S. authorities... [read more]
Tax gap puts private equity firms on hot seat
Proposed U.S. legislation would eliminate huge disparity in taxes paid by corporations and firms that... [read more]
Banks
Manufacturers call on Bank to halt rate rises
The Bank of England should resist the temptation to raise interest rates again this week because inflation... [read more]
ShoreBank thrives despite early predictions
Opening a bank aimed at improving the quality of life in poor urban areas was supposed to be a grand... [read more]
Energy

UK oil output shortfall raises fears of dependence on Russia
The energy industry warned today that government targets of keeping Britain's oil and gas production... [read more]
BP in oilseed tree project
Company sets up a venture with biodiesel firm to increase planting of jatropha, a tree that produces... [read more]
