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RBS is cutting the charges it levies on unarranged customer borrowing in a bid to appease the Office of Fair Trading, which is fighting to lower bank charges. However, this is unlikely to be the end of the argument; RBS may well have to reduce its charges further and, as a publicly owned bank, it may have difficulty justifying higher margins on lending products to compensate for lost revenues.

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[ ] Today's news update on the banking industry: a US$ 200 million Barclays settlement, new devices of JP Morgan, and the status of RBS at FTSE. Also, on the retail sector Best Buy is likely … more

[ ] Today's eye unveils the new investment of Coca-Cola in India. It also tells about the new News Corps plan. The company's share dipped 0.2. In the technology world, we have the differences of Nokia … more

[ ] Today's Timizzer News Eye confirms the AB Inbev purchase of Modelo. It tells about the Mercedes-Benz strategy conquering the American consumers. Copper and corn are our commodities update. Nike is reporting a slight decline on …

[ ] FedEx Forecasts Quarterly Profit Smaller Than Estimates Bloomberg - FedEx Corp. (FDX), operator of the world's largest cargo airline, predicted lower first-quarter profit than analysts estimated amid slowing economic growth in the U.S. Profit excluding … more