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Credit card balance transfer periods shrinking_

According to website Moneyfacts.co.uk, Virgin Money’s decision to reduce its 0% balance transfer period from 16 to 14 months has highlighted another tactic by credit card providers who, over the…

  

Greggs shares rise on FTSE 250_

Greggs plc shares have risen on the FTSE 250 index today after reaching record revenue, and 25 years of consecutive growth.

  

Lehman exec letter warned on misleading investors: report_

CHICAGO (Reuters) - A former Lehman Brothers Holdings Inc executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday.

  

Ex-IMF head urges insolvency mechanism for states_

BERLIN (Reuters) - An insolvency mechanism should be set up for nations that are unable to manage their debts, Horst Koehler, Germany's president and a former head of the International Monetary Fund, said in an interview on Saturday.

  

German Bonds Rise as Greek Securities Decline on Funding Debate_

German government bonds advanced for the week and Greek securities fell as political disagreement over the best way to help the southern European nation repay debt drove investors to seek the safest fixed-income assets.

  

Oil India, Indian Oil Said to Have Made Gulfsands Petroleum Bid_

Oil India Ltd. and Indian Oil Corp. jointly made the bid for Gulfsands Petroleum Plc that the U.K. company with assets in Syria and the Gulf of Mexico rejected yesterday, three people familiar with the matter said.

  

Miners and oils rise on FTSE 100 following Federal Reserve comments_

Shares in miners and oil companies rose on the FTSE 100 in morning and afternoon trading today thanks to rising metal and oil prices.

  

Clarity strengthens its board_

Clarity Commerce Solutions - a leading supplier of software solutions for the hospitality, retail, leisure and entertainment sectors - has appointed two new non-executive directors from 1…

  

Investors could lose their homes_

Hundreds of elderly people could face the prospect of having to sell their homes after a 'geared' investment went badly wrong.

  

Fuel rebate for those over 70_

A quarter of a million pensioners will get an £80 discount off their electricity bill this summer

  

European Stocks Climb for Third Week; UniCredit, Arriva Gain_

European stocks rose for a third straight week after Standard & Poor’s said it’s no longer planning an imminent downgrade of Greece’s debt and as the U.S. Federal Reserve repeated a pledge to maintain record-low borrowing costs for an extended period.

  

Dubai Nakheel woes may help Islamic finance in time_

DUBAI (Reuters) - The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players.

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