Financial Services Authority

The turbulent response of equity, commodity and emerging markets marks this as a rare, if not singular instance in recent years of markets reacting so negatively to an ostensibly dovish policy signal from the Fed.

Dubai gold retailer defaults on $136 mn

The non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, affects at least 15 banks, the sources said on condition of anonymity because the information isn't public.

Barclays takes $1.2 bn charge as FX settlement looms

The British bank said on Tuesday it had made an adjusted pretax profit of 5.5 billion pounds last year, up from a restated 4.9 billion in 2013 and above the average analyst forecast of 5.3 billion.

Weak jobs data won't stop Fed from tapering: Ex-FSA boss

According to Adair Turner, the employment rate in the US is very low and the unemployment degree is only coming down because there have been a lot of people discouraged and are completely out of the work force.

UK's RBS to get Libor punishment next week: Sources

Royal Bank of Scotland will next week agree a settlement with US and British authorities for its part in a global rate rigging scandal, sources familiar with the situation told Reuters.

Rajesh Agrawal's company makes money transfer inexpensive

Rajesh Agrawal has found a way to make remittances less expensive.

Britain's Queen quizzes central bank on financial crisis

During a visit to the Bank of England on Thursday, the Queen was overheard asking whether a "lax" attitude to financial regulation had contributed to the financial crisis.

'Broken' Libor system should be overhauled: UK Regulator

The man in charge of a UK government report into what went wrong with the manipulation of the London interbank offered rate (Libor), the benchmark interest rate, will Friday call for a "complete overhaul" of the "broken" system.

FSA made scathing attack on Barclays behavior

Britain's financial watchdog said Barclays frequently argued for regulatory approaches "which are at the aggressive end of interpretation", in a scathing letter to the bank in April that was released on Tuesday.

Investor fined $9.6m for manipulating RIL securities in UK

British financial market regulator FSA has imposed a fine of USD 9.6 million (about Rs 50 crore) on a Dubai-based Indian investor for manipulating UK-listed securities of Mukesh Ambani-led Reliance Industries Ltd (RIL).

New 8m-pound UK order may see Mastek posting growth next yr

Mastek's UK arm has signed a multi-year framework agreement for IT Services from a UK company, reports CNBC-TV18's Reema Tendulkar. The IT solutions provider has received a minimum commitment of 8 million pounds.

Fuming CIL wants e-auction to stay, says has SC approval

Coal India is fuming at the Planning Commission's move of curbing down the amount of coal offered for its e-auctioning. In an interview to CNBC-TV18, NC Jha, Chairman of the company said that e-auctions of coal should continue and also has approval of the Supreme Court.

Ex-Dresdner banker jailed in UK for insider dealing

A former Dresdner banker has been jailed for a record 3 years and 4 months for running an eight-year insider dealing scam in Britain as the financial regulator claimed its biggest victory in a battle against market abuse.