The British government on Wednesday said banks would pay a one-time, 50% tax on bonuses worth more than 25,000 pounds ($40,700), in an effort to encourage bailed-out banks to lend to individuals and businesses.
U.S. stock futures on Wednesday recapture a portion of the prior day’s losses as worries about the ability of various countries to repay their debt continues to impact markets.
With the number of extreme weather events continuing to grow around the world the insurance industry is finding itself at the very center of efforts to avert the worst effects of climate change.
Among the companies whose shares are expected to see active trade in Wednesday’s session are Apple, Men’s Wearhouse, Novartis, PepsiCo, Powell, Sara Lee, and TI.
London shares edged higher on Wednesday, as gains from Standard Chartered and HSBC Holdings lifted the banking sector ahead of details on government-spending plans.
The dollar is lower versus the Japanese yen and the euro Wednesday, giving up earlier gains versus the single currency amid falling liquidity, say strategists.
A drop for financials dragged Europe stocks lower on Wednesday, led lower by a further fall in the Greek bank sector as well as a decline for Man Group on a drop in performance in one of its key funds.
