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Business minister cautions on RBS break-up idea
Mar 7th, 2012
LONDON (Reuters) - Turning bailed-out Royal Bank of Scotland into a dedicated lender for businesses would help tackle the country's lack of finance for small firms, though the idea faces serious obstacles, Business Secretary Vince Cable said in a speech on Wednesday. Cable, who had floated the idea in an internal government letter, said given these difficulties, the government was now focusing on the credit easing scheme to get cheaper credit flowing to smaller businesses. ... (Source: Reuters) -
(Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New York Stock Exchange. Billionaire hedge fund investor Daniel Loeb last week called on the company to spin... [Full Article]
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - Prime Minister David Cameron convened an emergency meeting of his intelligence chiefs on Thursday after two Islamists hacked a soldier to death with meat cleavers on a south London street. A dramatic clip filmed by an onlooker just minutes after Wednesday's killing showed a man with h... [Full Article]
JERUSALEM (AP) - The United States and Israel are raising hopes for a restart of the Middle East peace process after more than four years of hardly any talks. (Source: Associated Press)... [Full Article]
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