British banks make up the biggest group of foreign creditors for debt-swamped Dubai World and Royal Bank of Scotland is the most exposed, it was reported today.

Ryanair has today announced that it has awarded mandates to a syndicate of banks for approximately $1.6bn (€1.87) of financing for 55 aircraft delivering between November 2009 and October 2010.

A COURT yesterday ordered rogue French trader Jerome Kerviel to be held in jail while investigations continue into massive losses at his bank Societe Generale.

A court today ordered rogue French trader Jerome Kerviel to be held in jail while investigations continue into massive losses at his bank Societe Generale.

OIL surged to new record highs above $76 a barrel yesterday on renewed worries over supply from major exporter Nigeria.