Yahoo Finance BID UK BUSINESS PRESS DIGEST, NOVEMBER 15
The following is a selection of the top business stories in the UK press on November 15:
IMF warns on Chinese financial system
Financial Times
The Chinese financial system faces “a steady build-up in vulnerabilities” that require the government to relax its grip on banks, the exchange rate and interest rates, the International Monetary Fund said in its inaugural evaluation of China’s financial sector.
Europe facing toughest hour since the war, says Merkel
The Times
Britain will use the debt crisis to help to reshape the way Europe does business, UK prime minister David Cameron said last night, as Germany's chancellor Angela Merkel gave warning that Europe faced its worst crisis since World War Two.
Buffet invests $10.7bn in IBM
Warren Buffett revealed on live television yesterday that Berkshire Hathaway had paid $10.7bn for a 5.5% stake in IBM.
Bolton apologies for China fund
The Telegraph
Anthony Bolton, one of Britain's best-known fund managers, has been forced to issue a humiliating apology after his fund, the Fidelity China Special Situations fund, lost 28.9% of its value in six months.
Major economies heading for slowdown
None of the world's major economies will escape a slowdown, the Organisation for Economic Co-operation and Development (OECD) has warned.
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