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World News

Where in the EU are employees best and worst paid?

The UK is the only major EU economy where average wages have failed to return to pre-crisis levels, new figures reveal.

Economy

EU penalises banks for fixing Euribor interest rates

JPMorgan Chase, Credit Agricole and HSBC have been fined a total of 485 million euros for their alleged role in a cartel to fix the price of Euribor interest…

Economy

Greek economists fear the financial future

Eurogroup agrees to a modicum of debt relief

Economy

UK borrowing falls unexpectedly but debt remains high

There is some good news for Britain’s Chancellor of the Exchequer Philip Hammond ahead of his first Autumn Statement.

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Markets

Surprise profit from Deutsche Bank but still overshadowed by massive US fine

Germany's biggest lender, Deutsche Bank, has posted an unexpected quarterly net profit but CEO John Cryan say no settlement yet on US misselling fine.

Markets

Monte dei Paschi banks on restructuring plan

Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.

Economy

There are now more billionaires in China than in the US

In 2015 more than a third of the world's new billionaires were created in China, as for the first time Asia overtook the United States.

Markets

Commerzbank's shares slip despite restructuring

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Brazil

Brazil's former finance minister is arrested

Observers say it is a sign that a sweeping corruption investigation is closing in on the inner circle of the leftist Workers Party leadership, who ran the South American country for 13 years.

Economy

Yellen defends Federal Reserve against Trump bias accusations

Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".

World News

Super PACs rule for Hillary Clinton

President Obama told the UN that there is too much money in American politics.

Markets

British PM reassures US businesses over Brexit

British Prime Minister Theresa May has reassuring the bosses of leading US businesses following the UK's vote to leave the European Union.

Economy

Federal Reserve policy meeting starts - interest rate hike not expected

Policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. A majority of economists expect its benchmark main interest rate to be left unchanged.

USA

Eight years on - the collapse of Lehman Brothers

US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.

Business Series

New chief executive faces huge task to rescue Italian bank Monte dei Paschi

New chief executive Marco Morelli has taken over at struggling Italian bank Monte dei Paschi di Siena which has to raise five billion euros to survive.

France

IMF Chief Christine Lagarde loses appeal, ordered to stand trial for negligence

International Monetary Fund chief Christine Lagarde is to stand trial from December 12 for her role in a 400-million-euro payout when she was France’s Economy…

Business Series

Monte dei Paschi bank 'about to fall out of top share listing'

Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.

Economy

ECB's Draghi promises more eurozone stimulus if needed because of Brexit

European Central Bank head Mario Draghi says the eurozone economy could be given further stimulus if the Brexit vote starts to have a negative impact.

Economy

Bank of England surprises investors with no change to UK interest rates

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

Economy

Bank of England surprises by keeping interest rates unchanged

Keeping their powder dry the Bank of England's policymakers have left the cost of borrowing unchanged in Britain - for now.