Thursday, 21st August 2014

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RBS settles US copyright lawsuit over trading software

Wed 20th Aug 14, 17:5

Royal Bank of Scotland (RBS) has settled a copyright lawsuit in the US over its use of an important piece of software in its trade finance business, the lender said on Wednesday.

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Today's Market Reports

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Fed takes another step towards raising rates, minutes show

The release of minutes from the US Federal Open Market Committee showed that it, like its UK counterparts who also released minutes on Wednesday, was more hawkish than expected. 7 hours ago

Russia closes McDonalds restaurants

Amid tensions with the west and following tit-for-tat economic sanctions, Russia has closed four McDonald's restaurants and has put many more of the company's 430 outlets under investigation due to sanitation concerns. 8 hours ago

US close: Stocks higher despite more hawkish Fed minutes

US stocks on average finished in positive territory on Wednesday despite minutes from the Federal Reserve's latest policy meeting showing an interest rate may come sooner than expected, although it is not likely to be until February or March next year. 8 hours ago

Europe close: Stocks little changed after BoE minutes

European stocks were little changed as investors weighed the Bank of England's meeting minutes and awaited the Federal Reserve's notes from its latest policy decision. 12 hours ago

London close: FTSE drops on BoE minutes, ex-divis, Fed minutes

London's blue chips dropped into the red on Wednesday, hit by a combination of Bank of England (BoE) minutes, ex-dividends, and a degree of profit taking. 12 hours ago

Gross mortgage lending reaches record Ģ19.1bn in July, CML says

The Council of Mortgage Lenders (CML) said on Wednesday the gross mortgage lending reached Ģ19.1bn in July this year, the highest monthly figure since August 2008, when it reached Ģ19.3bn. 12 hours ago

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