Overheated housing market worries British finance executives

Leading British banks, hedge funds and asset managers are increasingly worried about the impact of the housing market on Britain's financial system, according to the Bank of England.

China has cut holdings of European assets: Report

SHANGHAI: China's sovereign wealth fund has cut its European assets amid rising risk of a eurozone collapse, the fund's chief told the Wall Street Journal in an interview published Thursday.

Eurozone blocks one bn euros in Greek bailout: Report

BRUSSELS: The eurozone has blocked 1.0 billion out of 5.2 billion euros in bailout loans for Greece until Monday amid uncertainty over the country's political future, a European government source said.

House prices fall for tenth consecutive month

Land Registry figures showed that the house price index decreased 3.2pc in October, with the rate of declining speeding up from 2.6pc in September. London is the only exception to these house price falls, while the North East recorded the biggest fall in October.

Why China’s Sovereign Wealth Fund Is Not Interested In EFSF

Jin Liqun, an economist and the Chairman of China Investment Corp (i.e. China’s sovereign wealth fund), talked to Al Jazeera on how they look at investing in European Financial Stability Facility (EFSF). Or, he talked about why the sovereign wealth fund has little interest in investing in EFSF.

Greek PM Papandreou faces unity challenge over bailout

Greek PM George Papandreou has said efforts to form a new government of national unity will get under way soon.