Headlines
- Plan to raise UK state pension age to 68 delayed amid
falling life expectancy
- Yellen pushes for first steps in World Bank reform by
April
- UBS to enter talks with Michael Klein to terminate First
Boston deal
- Jeremy Hunt insists Bank of England should keep focus on
curbing inflation
Overview
- British ministers have pushed back plans to raise the
state pension age to 68 in the midst of falling life expectancy
and warnings from Tory MPs that such a move could anger
middle-aged voters.
- U.S. Treasury Secretary Janet Yellen and German allies are
pressing for a "binding schedule for reform" of the World Bank
as early as April, as the lender has come under increasing
pressure for failing to address climate change.
- UBS Group AG is set to enter into talks with
Michael Klein to terminate a deal to acquire First Boston, which
would have lead to Klein taking control of most of Credit Suisse
Group AG's investment bank.
- British Finance Minister Jeremy Hunt has said that the
Bank of England should continue to focus on bringing down
inflation that is "dangerously high", despite the pressure on
the global banking sector due to rising interest rates.
(Compiled by Bengaluru newsroom)
