Monday, July 25, 2011

PRESS DIGEST ? British business ? July 25

Sun Jul 24, 2011 10:58pm EDT

The Times

BANKS UNDER DELUGE OF LOAN INSURANCE COMPLAINTS

Banks are being flooded with thousands of customer complaints about payment protection insurance and are managing to settle only very few cases, according to industry sources.

HKMA LOOKS TO INVEST IN LONDON, PARIS

The Hong Kong Monetary Authority is looking to invest $500 million in office property in London and Paris as part of its plan to ramp up investment in Europe.

GM'S CLASH WITH THE KREMLIN OVER OPEL

General Motors scrapped the sale of its Opel and Vauxhall brands two years ago because the proposed buyers were demanding the right to sell its factories to a Russian state-owned car maker, U.S. diplomatic cables revealed by Wikileaks said.

The Telegraph

DEALS BOOST INDIA TRADE TALKS

Finance minister George Osborne plans to unveil 1 billion pounds of commercial deals with India on the first day of trade talks between Britain and India in London.

MINISTERS MUST RECONSIDER SIEMENS' THAMESLINK CONTRACT WIN

The British government must rethink its decision to award the Thameslink contract to Siemens , Bombardier Transportation UK's (BBDb.TO) chairman wrote in the Telegraph.

The Guardian

CABLE CALLS FOR ACTION AS LIVING STANDARDS SLIDE

Business Secretary Vince Cable said the Bank of England should undertake another round of monetary expansion through quantitative easing to boost weak economic growth.

(Summary compiled by Reuters)


Source: http://feeds.reuters.com/~r/reuters/cyclicalconsumergoodsNews/~3/MwSA_YHebdE/press-digest-british-business-idUSL6E7IP00620110725

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