UK to consider retail offer in future Lloyds share sales
LONDON (Reuters) - Britain will consider offering shares to private retail investors when it offloads more of its stake in Lloyds Banking Group (LLOY.L), Finance Minister George Osborne said on Tuesday.
"This is the first in a multi-staged sale programme. I will consider all options for later sales of our shareholding in Lloyds, including a retail offering to the general public," Osborne said in a letter to Andrew Tyrie, chairman of the Treasury Select Committee.
(Reporting by Matt Scuffham; Editing by Kyle MacLellan)
WASHINGTON - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.