Ministers order bank rate review
The government announces an independent review of the workings of the Libor inter-bank lending rate in the wake of the Barclays fine......
Bank account closures 'unjust'
The chairman of a key consumer body has called for major changes in the way banks deal with customers where there is an allegation of fraudulent activity on an account......
Merkel defends compromise on euro
Chancellor Merkel defends a deal to use eurozone bailout funds to help banks, a concession to Spain and Italy which sends stocks soaring......
Shares rise on eurozone bank deal
European and US stock markets rise after eurozone leaders agreed a bailout deal for struggling debt-laden banks......
RBS boss Hester not taking bonus
Stephen Hester, chief executive of Royal Bank of Scotland, says he will not take a bonus for this year because of recent IT problems......
Banks guilty of more mis-selling
The Financial Services Authority finds 'serious failings' in the way banks sold specialist insurance known as interest rate swaps to thousands of small firms......
IT failure 'affected thousands'
Some 15,000 customer problems caused by the IT failure at RBS could not be resolved immediately, the bank's chief executive reveals......
Gazprom 'pipeline may reach UK'
Russian gas giant Gazprom may extend its Baltic pipeline to reach the UK, the Associated Press reports......
Private equity firm 3i axes jobs
Private equity firm 3i reduces its global headcount by more than a third in a bid to cut costs and reverse its poor financial performance......
Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
Postal service is back in profit
Royal Mail reports improved annual profits and says its core postal business is back in profit for the first time in four years......
Madoff brother admits fraud links
The brother of convicted Ponzi scheme swindler Bernard Madoff pleads guilty to charges linked to the multi-billion dollar fraud......
China's yuan convertibility trial
China is setting up a special zone to experiment with the yuan's convertibility, the latest step in its moves to open up its capital markets......
Barclays boss: I will not resign
Barclays boss Bob Diamond says he will not resign and blames a "small number" of staff for rigging the key lending rate between banks......
Petronas in $5.3bn Progress deal
Malaysia's Petronas agrees to buy Canada's Progress Energy Resources in a deal worth 5.5bn Canadian dollars ($5.3bn; 3.4bn)......
King calls for new bank culture
Bank of England governor Sir Mervyn King has called for a change in the UK's banking culture, saying customers received "shoddy" treatment......
Nike profits miss expectations
Nike reports an 8% fall in fourth-quarter profit to $549m (354m), as higher costs hit its profit margins......
VIDEO: Your Money: Saving money for travellers
Declan Curry focuses on travel this week, looking at rail fares, hotel and flights, and the cost benefits of car shares......
VIDEO: Firms suffer from wash-out weather
All the rain in the last few weeks has had an impact on businesses - from farmers to music festival organisers......
VIDEO: Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
VIDEO: Barclays boss: I will not resign
The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks......
VIDEO: AirBnB boss: 'Trust is the currency'
Brian Chesky, chief executive and co-founder of the AirBnB accommodation booking site, explains the principles behind his site......
VIDEO: Do you still have faith in the banks?
The Daily Politics mood box was taken to a north London high street - outside a Barclays Bank - to test the public faith in bankers and the banking system......
VIDEO: 'Breakthrough' at eurozone summit
EU leaders have agreed to use the eurozone's planned bailout fund to directly support struggling banks, without adding to government debt......
VIDEO: Banks guilty of mis-selling products
Barclays, HSBC, Lloyds and RBS are to provide compensation to customers after mis-selling complicated financial products......
EU summit innovations explained
The three key areas of eurozone reforms explained......
Kinect start-ups compete for cash
Microsoft matchmakes motion sensor developers with potential investors.....
Australia's leaders go to the dogs over carbon tax row
Dogged political row over Australia's new carbon tax.....
Flatter world shaping our future
Technology and the internet are causing a "creative destruction".....
How FSA calculated Barclays' fine
How the FSA calculated the Barclays fine.....
Start-ups eye UK venture capital
Start-ups discover the UK as a source of venture capital.....
Superheroes, super summer
June 29 - Superhero movies have been overwhelming favorites at the box office this summer as movie studios bank on comic book characters, and the Amazing Spider-Man is likely to continue the trend when it opens in time for the July 4th holiday. Jill .....
Wall St. shines in quarter-end rally
June 29 - Summary of business headlines: Wall Street rallies 2-1/2 percent as Europe strikes a bank bailout deal; Investors look ahead to U.S. jobs data and Federal Reserve as consumers hit the brakes; U.S. listed shares of Research In Motion shed 19.....
U.S. Week Ahead: You ready for another weak jobs report?
June 29 - Non-Farm Payrolls are set to grow by a mere 90 thousand on Friday - marking four-months of painfully tepid growth......
Euro leaders help Spain and Italy
June 29 - Euro zone leaders have agreed to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking.....
EU leaders agree on crisis-solving steps
Jun.29 - Euro zone leaders go home from a crucial summit after bolstering their crisis-fighting powers but analysts say differences between them remain. Joanna Partridge reports from Brussels.....
Trading at Noon: RIM plunges; energy sector soars
June 29 - Analysts on Wall Street warn that Research in Motion could run out of cash and even ultimately fail......
Breakingviews: AB InBevs rich brew
June 29 - Jeffrey Goldfarb talks to Breakingviews columnists about the frothy assumptions around the Bud makers $20 billion acquisition of the rest of Mexicos Modelo......
Euro zone talks: behind the scenes
reporter Joanna Partridge gives a journalist's perspective on the summit - from football to food......
Europe Week Ahead: ECB likely to cut rates
June 29 - The European Central Bank is expected to reduce interest rates when it meets on Thursday. The Bank of England is under pressure to do the same......
London hotels Olympics dream fades
June 29 - London hotels are slashing prices after misjudging demand from overseas visitors coming to London for the Olympic games. Hayley Platt reports......
Reuters Asks: Which assets will perform best and worst in Q3
June 29 - Insider asks economists, analysts and strategists which financial assets will perform best in the thirs quarter......
Wealth Strategies: Energy stocks, high yield debt to thrive
June 29 - Raymond James' Jeff Saut and LPL's Anthony Valeri discuss the outlook for stocks and bonds in the third quarter in light of the upcoming elections and the extension of "Operation Twist".....
3XSQ: EU agreement boosts stocks around the world
June 29 - Global stocks jump after European leaders agree to take steps to stabilize the region's finances......
EU deal lifts euro, cuts debt yields
June 29 - European shares jump to one-week highs after euro zone leaders agreed to take action to bring down Italy's and Spain's borrowing costs, surprising a market that had been primed for disappointment. Hayley Platt reports......
U.S. Morning Call: Euro rises on EU rescue deal
June 29 - The EU agrees to let its rescue funds be used to stabilize bond markets without forcing countries to adopt more austerity measures......
Confusion over conditionality of ESM loans: Think-tank
June 29 - Euro zone leaders have agreed the ESM will be allowed to lend directly to banks. Open Europe's Pieter Cleppe says unclear conditions could open a 'pandora's box'......
Market Pulse: What's Moving Today and Why
Insider has its finger on the market pulse, analyzing and making sense of the biggest movers of the day......
Global Thinker: Joseph Stiglitz
June 29 - Nobel Prize-winning economist Joseph Stiglitz gives his views on why he thinks politicians and voters lack the solidarity and will to fix the euro zone debt crisis. Rough Cut (no reporter narration)......
The grand experiment: Yuan convertability on HK's doorstep
June 29 - Beijing unveils plans for an "experimental" zone in Shenzhen in which controls on the yuan will be loosened and businesses will enjoy special perks......
Breakingviews: Euro zone deal ticks the boxes
Breakingviews.....
Sports Spread: Spain vs Italy in debt crisis derby
June 29 - The final of Euro 2012 sees Spain take on Italy in a debt crisis derby. We run an eye over the odds......
Stiglitz: It's the politics, stupid!
June 29 - There are no grounds for optimism when it comes to the euro zone crisis, politicians and voters lack the solidarity and will to fix it, says Nobel Prize-winning economist Joseph Stiglitz......
Reuters Today: Italy puts two past Germany
June 29 - Italy enjoys a night of triumph on and off the pitch as its footballers beat Germany and its negotiators win a deal to cut borrowing costs during a night of drama in Brussels......
Hong Kongers grapple with identity crisis
June 29 - Fifteen years after the financial center's handover to Chinese rule, a weak market and Beijing's heavy hand are causing a stir......
Meet Petronas, Malaysia's main cash pipeline
Malaysian energy giant Petronas funds about 45 percent of the country's budget -- making it all the more crucial that it tackles concerns about dwindling supplies and government interference......
FTSE 100 will beat female board member target, says Sir Win Bischoff
Sir Win Bischoff has predicted that FTSE 100 companies will easily meet Government targets to double the number of women on their boards by 2015, but warned that chairmen must rethink how to achieve meaningful equality at the top.<img width='1' he.....
Standard Chartered takes $700m annual hit for being based in UK
Standard Chartered is taking a $700m annual hit on its bottom line as a result of being based in the UK, it can be disclosed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e1d140/mf.gif' border='0'/><br/.....
The Shard set for first office tenant
The man behind The Shard, London's newest landmark, says plans are on track to secure its first office tenant as the capital readies for the building's official unveiling this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Centrica's Canadian unit sued over energy bill interest
Centrica's Canadian subsidiary, Direct Energy, is being sued over allegations it made millions of dollars by charging customers high rates of interest on unpaid energy bills.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
MPC expected to launch 50bn QE
The Bank of England is poised to pump 50bn of fresh stimulus into the ailing economy in a bid to drive Britain out of recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e1d143/mf.gif' border='0'/><.....
MPC set to launch 50bn QE
The Bank of England is poised to pump 50bn of fresh stimulus into the ailing economy in a bid to drive Britain out of recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a80/mf.gif' border='0'/><.....
Glencore chief Ivan Glasenberg could walk away from $65bn Xstrata merger
Ivan Glasenberg, chief executive of Glencore, is prepared to walk away from his $65bn merger with Xstrata rather than be forced into what he would consider overpaying for the deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
Banks still charging customers for interest rate 'bets' despite FSA settlement
Banks are continuing to demand thousands of pounds from small businesses on complex interest rate products, despite the Financial Services Authority finding "serious failings" in the way they were sold.<img width='1' height='1' src='http://telegra.....
Banks blasted for 'profiteering from developing world loans'
Banks 'made excessive profits from loans to firms in developing world'.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a83/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....
Microfinance is under threat from greed - and it's the poor who are suffering
Controversial new book alleges microfinance has been hijacked by profiteers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a85/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal......
UK laws are to blame for Vodafone tax controversy, says chief Vittorio Colao
Vodafone's chief executive, Vittorio Colao, has attempted to draw a line under the tax controversy that has dogged the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a88/mf.gif' border='0'/><b.....
Ernst & Young 'covered up judge bribe case'
Senior figures at Ernst & Young covered up allegations that the big four accountant bribed a judge to obtain a favourable outcome in a tax trial, it is claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....
Aviva could shed 15 divisions in radical overhaul
Aviva is considering selling or closing up to a fifth of its business divisions in a radical overhaul of one of the UK's leading insurers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a8d/mf.gif' border='0.....
Banks were 'unethical', says FSA's Martin Wheatley
The financial regulator has branded the conduct of banks in the years running up to the crash as "unethical", saying that in many cases staff at major lenders did not understand the products they were selling.<img width='1' height='1' src='http://.....
Libor scandal: Barclays investors demand removal of Bob Diamond and Marcus Agius
Two of Barclays' leading shareholders have demanded the removal of Bob Diamond, the chief executive, and Marcus Agius, its chairman, as the firestorm surrounding the bank intensifies.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
FSA's Martin Weatley 'shocked' by Libor and interest rate mis-selling scandals
With no sense of understatement, Martin Wheatley, Britain's top financial regulator, describes the past couple of weeks as a "perfect storm".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a93/mf.gif' border.....
Libor scandal: at the root of all financial crises is a lack of transparency
A history of business in fewer than 60 words.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a95/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/138442510301/u/3/f/568300.....
Libor scandal: Was Barclays the worst offender?
Libor scandal could have far-reaching consequences for banking industry.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a97/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....
Entrepreneurs can lead Britain out of recession, says Julie Meyer
In her new book, Julie Meyer hails a new era of individual capitalism.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a99/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....
Vodafone chief Vittorio Colao: Am I paid too much? That's a tough call
Vittorio Colao, Vodafone chief executive, talks to Katherine Rushton about the company's tax issues, defending his 14m pay, and why London is good for business.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e1.....
Libor scandal: the righteous wail of the anti-Bob bandwagon
There must be a time in any chief executive's life when by far the easiest option is to just pack up and go home.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a9d/mf.gif' border='0'/><br/><br/&.....
Glencore is running out of options in Xstrata row
If there was ever a week a company's board wished to be over - Barclays aside - it was surely last week for the board of Xstrata.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19a9f/mf.gif' border='0'/><.....
Italy has won this euro battle, but not the war
Long-suffering investors, desperate for some good news, have seized on the headlines from the latest in a long series of "last-ditch" European summits.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19aa0/mf.g.....
Backing Britain? In a volatile world it makes perfect sense
I gave a presentation to some clients on Friday in which I compared the world's markets with an increasingly wobbly three-legged stool.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19aa1/mf.gif' border='0'/&.....
Bankers fear reviews into interest-rate fixing scandal will be 'witch-hunt'
Senior City figures warn against 'knee jerk' regulation as David Cameron orders reviews in wake of Barclays scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20e19aa2/mf.gif' border='0'/><br/><b.....
Saturday 30 June 2012
Friday 29 June 2012
UK Financial News on 2012-06-29
King calls for new bank culture
Bank of England governor Sir Mervyn King has called for a change in the UK's banking culture, saying customers received "shoddy" treatment......
Merkel defends compromise on euro
Chancellor Merkel defends a deal to use eurozone bailout funds to help banks, a concession to Spain and Italy which sends stocks soaring......
RBS boss Hester not taking bonus
Stephen Hester, chief executive of Royal Bank of Scotland, says he will not take a bonus for this year because of recent IT problems......
Banks guilty of more mis-selling
The Financial Services Authority finds 'serious failings' in the way banks sold specialist insurance known as interest rate swaps to thousands of small firms......
IT failure 'affected thousands'
Some 15,000 customer problems caused by the IT failure at RBS could not be resolved immediately, the bank's chief executive reveals......
Gazprom 'pipeline may reach UK'
Russian gas giant Gazprom may extend its Baltic pipeline to reach the UK, the Associated Press reports......
Private equity firm 3i axes jobs
Private equity firm 3i reduces its global headcount by more than a third in a bid to cut costs and reverse its poor financial performance......
Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
Postal service is back in profit
Royal Mail reports improved annual profits and says its core postal business is back in profit for the first time in four years......
Madoff brother admits fraud links
The brother of convicted Ponzi scheme swindler Bernard Madoff pleads guilty to charges linked to the multi-billion dollar fraud......
China's yuan convertibility trial
China is setting up a special zone to experiment with the yuan's convertibility, the latest step in its moves to open up its capital markets......
Barclays boss: I will not resign
Barclays boss Bob Diamond says he will not resign and blames a "small number" of staff for rigging the key lending rate between banks......
RIM delays Blackberry 10 launch
Blackberry maker Research in Motion says it will delay the launch of its new phone operating system Blackberry 10 and says it is to cut 5,000 jobs......
News Corp's board confirms split
The board of Rupert Murdoch's News Corporation says the media giant will be split into two publicly traded companies......
Petronas in $5.3bn Progress deal
Malaysia's Petronas agrees to buy Canada's Progress Energy Resources in a deal worth 5.5bn Canadian dollars ($5.3bn; 3.4bn)......
Vivendi boss leaving over dispute
The boss of French media and telecoms group Vivendi is quitting his job following a dispute with his board over the company's future strategy......
German unemployment rises in June
The number of people out of work in Germany rises by 7,000 in June to give a jobless rate of 6.8%, according to official figures......
Vatican Bank opens doors to media
The Vatican Bank has invited in journalists as part of moves to boost transparency, amid a scandal surrounding the Vatican's financial affairs......
Concern over future of spotchecks
Spotchecks to ensure businesses are following consumer safety rules could be curtailed under government plans, it has been warned......
House prices slip back in June
The price of a typical UK house falls 0.6% in June according to Nationwide, which blamed the ending of the stamp duty holiday......
Nike profits miss expectations
Nike reports an 8% fall in fourth-quarter profit to $549m (354m), as higher costs hit its profit margins......
Veolia's 1.2bn UK water arm sale
French utility Veolia Environnement sold its regulated UK water business for 1.24bn ($1.92bn) in a deal aimed at reducing its debts......
Plans for Gers newco in Div One
BBC Scotland learns of plans to allow the Rangers newco to move directly into Scottish Division One in the coming season......
Ex-banker jailed for F1 bribery
Former banker Gerhard Gribkowsky sentenced to more than eight years in jail for taking $44m in bribes from Formula 1 president Bernie Ecclestone......
Championship clubs in RFU dispute
The 12 clubs in England's Championship say the Rugby Football Union has failed to pay them what they were promised......
VIDEO: Firms suffer from wash-out weather
All the rain in the last few weeks has had an impact on businesses - from farmers to music festival organisers......
VIDEO: Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
VIDEO: Barclays boss: I will not resign
The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks......
VIDEO: AirBnB boss: 'Trust is the currency'
Brian Chesky, chief executive and co-founder of the AirBnB accommodation booking site, explains the principles behind his site......
VIDEO: Do you still have faith in the banks?
The Daily Politics mood box was taken to a north London high street - outside a Barclays Bank - to test the public faith in bankers and the banking system......
VIDEO: 'Breakthrough' at eurozone summit
EU leaders have agreed to use the eurozone's planned bailout fund to directly support struggling banks, without adding to government debt......
VIDEO: Banks guilty of mis-selling products
Barclays, HSBC, Lloyds and RBS are to provide compensation to customers after mis-selling complicated financial products......
AUDIO: 'People want boring banking'
What can be done to change the culture of risk on UK banks' trading floors? Economist and FT columnist John Kay and Peter McNamara, former head of personal banking at Lloyds, debate the issue......
EU summit innovations explained
The three key areas of eurozone reforms explained......
Kinect start-ups compete for cash
Microsoft matchmakes motion sensor developers with potential investors.....
Australia's leaders go to the dogs over carbon tax row
Dogged political row over Australia's new carbon tax.....
Flatter world shaping our future
Technology and the internet are causing a "creative destruction".....
How FSA calculated Barclays' fine
How the FSA calculated the Barclays fine.....
Start-ups eye UK venture capital
Start-ups discover the UK as a source of venture capital.....
Carmakers in Goodwood sales drive
Carmakers race to cash in on passionate Goodwood crowd.....
Belo Horizonte builds for World Cup 2014
Belo Horizonte builds towards 2014 World Cup.....
U.S. Week Ahead: You ready for another weak jobs report?
June 29 - Non-Farm Payrolls are set to grow by a mere 90 thousand on Friday - marking four-months of painfully tepid growth......
Euro leaders help Spain and Italy
June 29 - Euro zone leaders have agreed to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking.....
EU leaders agree on crisis-solving steps
Jun.29 - Euro zone leaders go home from a crucial summit after bolstering their crisis-fighting powers but analysts say differences between them remain. Joanna Partridge reports from Brussels.....
Trading at Noon: RIM plunges; energy sector soars
June 29 - Analysts on Wall Street warn that Research in Motion could run out of cash and even ultimately fail......
Breakingviews: AB InBevs rich brew
June 29 - Jeffrey Goldfarb talks to Breakingviews columnists about the frothy assumptions around the Bud makers $20 billion acquisition of the rest of Mexicos Modelo......
Euro zone talks: behind the scenes
reporter Joanna Partridge gives a journalist's perspective on the summit - from football to food......
Europe Week Ahead: ECB likely to cut rates
June 29 - The European Central Bank is expected to reduce interest rates when it meets on Thursday. The Bank of England is under pressure to do the same......
London hotels Olympics dream fades
June 29 - London hotels are slashing prices after misjudging demand from overseas visitors coming to London for the Olympic games. Hayley Platt reports......
Reuters Asks: Which assets will perform best and worst in Q3
June 29 - Insider asks economists, analysts and strategists which financial assets will perform best in the thirs quarter......
Wealth Strategies: Energy stocks, high yield debt to thrive
June 29 - Raymond James' Jeff Saut and LPL's Anthony Valeri discuss the outlook for stocks and bonds in the third quarter in light of the upcoming elections and the extension of "Operation Twist".....
3XSQ: EU agreement boosts stocks around the world
June 29 - Global stocks jump after European leaders agree to take steps to stabilize the region's finances......
EU deal lifts euro, cuts debt yields
June 29 - European shares jump to one-week highs after euro zone leaders agreed to take action to bring down Italy's and Spain's borrowing costs, surprising a market that had been primed for disappointment. Hayley Platt reports......
U.S. Morning Call: Euro rises on EU rescue deal
June 29 - The EU agrees to let its rescue funds be used to stabilize bond markets without forcing countries to adopt more austerity measures......
Confusion over conditionality of ESM loans: Think-tank
June 29 - Euro zone leaders have agreed the ESM will be allowed to lend directly to banks. Open Europe's Pieter Cleppe says unclear conditions could open a 'pandora's box'......
Market Pulse: What's Moving Today and Why
Insider has its finger on the market pulse, analyzing and making sense of the biggest movers of the day......
Global Thinker: Joseph Stiglitz
June 29 - Nobel Prize-winning economist Joseph Stiglitz gives his views on why he thinks politicians and voters lack the solidarity and will to fix the euro zone debt crisis. Rough Cut (no reporter narration)......
The grand experiment: Yuan convertability on HK's doorstep
June 29 - Beijing unveils plans for an "experimental" zone in Shenzhen in which controls on the yuan will be loosened and businesses will enjoy special perks......
Breakingviews: Euro zone deal ticks the boxes
Breakingviews.....
Sports Spread: Spain vs Italy in debt crisis derby
June 29 - The final of Euro 2012 sees Spain take on Italy in a debt crisis derby. We run an eye over the odds......
Stiglitz: It's the politics, stupid!
June 29 - There are no grounds for optimism when it comes to the euro zone crisis, politicians and voters lack the solidarity and will to fix it, says Nobel Prize-winning economist Joseph Stiglitz......
Reuters Today: Italy puts two past Germany
June 29 - Italy enjoys a night of triumph on and off the pitch as its footballers beat Germany and its negotiators win a deal to cut borrowing costs during a night of drama in Brussels......
Hong Kongers grapple with identity crisis
June 29 - Fifteen years after the financial center's handover to Chinese rule, a weak market and Beijing's heavy hand are causing a stir......
Asia Week Ahead: HK anniversary, Macau gaming, Samsung
June 29 - Hong Kong marks 15 years back in Chinese hands with a visit from President Hu Jintao. Watch for Macau gaming revenues, and earnings guidance from Samsung after its S3 smartphone launch......
EU agrees growth pact, Italy Spain demand help
June 29 - Italy and Spain held up agreement on measures to promote growth at a summit of European leaders. The two countries are under market pressure in the euro zone crisis and demanded urgent action to bring down their borrowing costs. Joanna Part.....
Curing America's health care ills
June 28 - The Supreme Court's decision to uphold most of President Obama's Affordable Care law is only a bandage for the ailing American health care system. Conway G. Gittens reports......
Markets rally after defeat for Merkel
Global stock markets surged as traders celebrated an unexpected defeat of Angela Merkel's austerity strategy at the Brussels summit, despite warnings that the deal reached by European leaders would be insufficient to arrest the crisis.<img width='.....
Debt crisis live: Britain won't cede more power to EU
Prime Minister David Cameron seeks to claw back powers after 'remorseless logic of having a single currency' forces Germany to accede to Italian and Spanish demands for eurozone aid to cut borrowing costs.<img width='1' height='1' src='http://tele.....
Lenders to pay compensation in new mis-selling scandal
Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, face a bill of up to 6bn after agreeing to compensate customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd659/mf.gif' border='0'/>.....
Leaders must not go off-piste into oblivion
The eurozone has pushed off on the black run of fiscal union.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd65b/mf.gif' border='0'/>.....
Ambush from Italy and Spain forces Angela Merkel to dilute euro deal
Angela Merkel was forced into a humiliating about-turn after being ambushed at a European Union summit by a new Latin alliance of France, Italy and Spain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd65c/m.....
Tesco will leave US if it fails to make profit
Supermarket will abandon its US venture if it cannot make it work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd19a/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1384.....
BP considers Gazprom gas pipeline to UK
BP has regained some control over the running of Russian joint venture TNK-BP, securing the agreement of its oligarch partners to meet as a board for the first time since December.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
RBS chief Hester waives bonus over Natwest 'glitch'
RBS chief Stephen Hester will waive his bonus this year - potentially worth up to 2.4m - following the computer systems failure which caused disruption to millions of its customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
3i cuts more than 160 jobs and shuts offices
Private equity group 3i has cut more than a third of its workforce as it looks to reduce annual operating costs by 45m within two years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db7d94/mf.gif' border='0'/.....
William Hill goes to battle with Betfair customers over horseracing levy
Bookie in court bid to force Betfair customers to pay towards racing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db755e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Gold mining groups sparkle and tumble
Small gold mining companies were in focus as London stockmarkets rallied hard.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db0162/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....
Firms' 'disbelief and horror' over rate swaps scandal
Banks must be "held to proper account" for the "appalling breach of trust" over their mis-selling of interest rate swaps to small companies, business groups have demanded.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
Debt crisis: Ireland hails euro 'game changer'
Ireland claimed that a deal struck at a summit of eurozone leaders was a "game changer" for the country which would help it escape a second bailout.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20da0760/mf.gif'.....
Bank unveils new economic stimulus
The Bank of England has unveiled new stimulus measures to allow banks to pump tens of billions of pounds into the economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20da0762/mf.gif' border='0'/><br/>.....
RIM delays launch of BlackBerry 10 phone
Research in Motion shares fell nearly 20pc on Friday after the company delayed the launch of a new BlackBerry phone the company is betting will save it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d2a5a5/mf......
Services sector stagnates as bad weather hits shops
Brtiain's dominant services sector failed to grow in April, snuffing out hopes that the economy escaped recession in the second quarter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d64fbf/mf.gif' border='0'/.....
Libor scandal could take British banking 'back to 1970s'
If Sir Mervyn King's recommendations for banking reform take place then London's pre-eminence within the global finance world could be under threat, say Harry Wilson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Debt crisis live: Markets surge after EU summit deal
European markets soar after Germany caves in to demands made by Italy and Spain for immediate eurozone aid to bring down their soaring borrowing costs, sending the euro and stock markets higher.<img width='1' height='1' src='http://telegraph.feeds.....
AB InBev swallows Corona maker Modelo for $20.1bn
Takeover of Grupo Modelo widens the gap on AB InBev's rivals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db0164/mf.gif' border='0'/>.....
AB InBev swallows Corona maker Modelo for $20.1 billion
The world's biggest brewer, Anheuser-Busch InBev, has widened the gap on its rivals after swallowing the maker of Corona, Grupo Modelo, for $20.1bn (12.9bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dae6f.....
Berkeley warns of Government interference as posts "tremendous" results
Housebuilder Berkeley Group posted recession-busting results with turnover, profit and earnings per share up over 40pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d8c90c/mf.gif' border='0'/>.....
Banks' interest rate swap products 'killed' businesses
Companies have been forced into administration as a direct result of paying for interest rate swap products, says banking correspondent Harry Wilson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d8c90e/mf.gif.....
King attacks 'deceitful' banking culture
BoE Governor has launched a scathing attack on "deceitful" investment banking and called for a "real change in the culture of the industry" stretching right to the top, in the wake of the Barclays rate-fixing scandal<img width='1' height='1' src='.....
Over half of firms say regulation is barrier to growth
Business leaders have urged the Government to speed up plans to reform employment law after more than half of companies cite regulation as a barrier to growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d80.....
Mervyn King reiterates call to break up banks
Mervyn King, the Governor of the Bank of England, urged the separation of lenders' retail businesses from their "casino banking" arms and a "real change in culture" at British banks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Bank of England governor Sir Mervyn King has called for a change in the UK's banking culture, saying customers received "shoddy" treatment......
Merkel defends compromise on euro
Chancellor Merkel defends a deal to use eurozone bailout funds to help banks, a concession to Spain and Italy which sends stocks soaring......
RBS boss Hester not taking bonus
Stephen Hester, chief executive of Royal Bank of Scotland, says he will not take a bonus for this year because of recent IT problems......
Banks guilty of more mis-selling
The Financial Services Authority finds 'serious failings' in the way banks sold specialist insurance known as interest rate swaps to thousands of small firms......
IT failure 'affected thousands'
Some 15,000 customer problems caused by the IT failure at RBS could not be resolved immediately, the bank's chief executive reveals......
Gazprom 'pipeline may reach UK'
Russian gas giant Gazprom may extend its Baltic pipeline to reach the UK, the Associated Press reports......
Private equity firm 3i axes jobs
Private equity firm 3i reduces its global headcount by more than a third in a bid to cut costs and reverse its poor financial performance......
Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
Postal service is back in profit
Royal Mail reports improved annual profits and says its core postal business is back in profit for the first time in four years......
Madoff brother admits fraud links
The brother of convicted Ponzi scheme swindler Bernard Madoff pleads guilty to charges linked to the multi-billion dollar fraud......
China's yuan convertibility trial
China is setting up a special zone to experiment with the yuan's convertibility, the latest step in its moves to open up its capital markets......
Barclays boss: I will not resign
Barclays boss Bob Diamond says he will not resign and blames a "small number" of staff for rigging the key lending rate between banks......
RIM delays Blackberry 10 launch
Blackberry maker Research in Motion says it will delay the launch of its new phone operating system Blackberry 10 and says it is to cut 5,000 jobs......
News Corp's board confirms split
The board of Rupert Murdoch's News Corporation says the media giant will be split into two publicly traded companies......
Petronas in $5.3bn Progress deal
Malaysia's Petronas agrees to buy Canada's Progress Energy Resources in a deal worth 5.5bn Canadian dollars ($5.3bn; 3.4bn)......
Vivendi boss leaving over dispute
The boss of French media and telecoms group Vivendi is quitting his job following a dispute with his board over the company's future strategy......
German unemployment rises in June
The number of people out of work in Germany rises by 7,000 in June to give a jobless rate of 6.8%, according to official figures......
Vatican Bank opens doors to media
The Vatican Bank has invited in journalists as part of moves to boost transparency, amid a scandal surrounding the Vatican's financial affairs......
Concern over future of spotchecks
Spotchecks to ensure businesses are following consumer safety rules could be curtailed under government plans, it has been warned......
House prices slip back in June
The price of a typical UK house falls 0.6% in June according to Nationwide, which blamed the ending of the stamp duty holiday......
Nike profits miss expectations
Nike reports an 8% fall in fourth-quarter profit to $549m (354m), as higher costs hit its profit margins......
Veolia's 1.2bn UK water arm sale
French utility Veolia Environnement sold its regulated UK water business for 1.24bn ($1.92bn) in a deal aimed at reducing its debts......
Plans for Gers newco in Div One
BBC Scotland learns of plans to allow the Rangers newco to move directly into Scottish Division One in the coming season......
Ex-banker jailed for F1 bribery
Former banker Gerhard Gribkowsky sentenced to more than eight years in jail for taking $44m in bribes from Formula 1 president Bernie Ecclestone......
Championship clubs in RFU dispute
The 12 clubs in England's Championship say the Rugby Football Union has failed to pay them what they were promised......
VIDEO: Firms suffer from wash-out weather
All the rain in the last few weeks has had an impact on businesses - from farmers to music festival organisers......
VIDEO: Nestle 'failing' on child labour
Nestle, the world's biggest food company, is accused of failing on child labour checks and abuses......
VIDEO: Barclays boss: I will not resign
The boss of Barclays has insisted he will not resign after staff rigged the key lending rate between banks......
VIDEO: AirBnB boss: 'Trust is the currency'
Brian Chesky, chief executive and co-founder of the AirBnB accommodation booking site, explains the principles behind his site......
VIDEO: Do you still have faith in the banks?
The Daily Politics mood box was taken to a north London high street - outside a Barclays Bank - to test the public faith in bankers and the banking system......
VIDEO: 'Breakthrough' at eurozone summit
EU leaders have agreed to use the eurozone's planned bailout fund to directly support struggling banks, without adding to government debt......
VIDEO: Banks guilty of mis-selling products
Barclays, HSBC, Lloyds and RBS are to provide compensation to customers after mis-selling complicated financial products......
AUDIO: 'People want boring banking'
What can be done to change the culture of risk on UK banks' trading floors? Economist and FT columnist John Kay and Peter McNamara, former head of personal banking at Lloyds, debate the issue......
EU summit innovations explained
The three key areas of eurozone reforms explained......
Kinect start-ups compete for cash
Microsoft matchmakes motion sensor developers with potential investors.....
Australia's leaders go to the dogs over carbon tax row
Dogged political row over Australia's new carbon tax.....
Flatter world shaping our future
Technology and the internet are causing a "creative destruction".....
How FSA calculated Barclays' fine
How the FSA calculated the Barclays fine.....
Start-ups eye UK venture capital
Start-ups discover the UK as a source of venture capital.....
Carmakers in Goodwood sales drive
Carmakers race to cash in on passionate Goodwood crowd.....
Belo Horizonte builds for World Cup 2014
Belo Horizonte builds towards 2014 World Cup.....
U.S. Week Ahead: You ready for another weak jobs report?
June 29 - Non-Farm Payrolls are set to grow by a mere 90 thousand on Friday - marking four-months of painfully tepid growth......
Euro leaders help Spain and Italy
June 29 - Euro zone leaders have agreed to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking.....
EU leaders agree on crisis-solving steps
Jun.29 - Euro zone leaders go home from a crucial summit after bolstering their crisis-fighting powers but analysts say differences between them remain. Joanna Partridge reports from Brussels.....
Trading at Noon: RIM plunges; energy sector soars
June 29 - Analysts on Wall Street warn that Research in Motion could run out of cash and even ultimately fail......
Breakingviews: AB InBevs rich brew
June 29 - Jeffrey Goldfarb talks to Breakingviews columnists about the frothy assumptions around the Bud makers $20 billion acquisition of the rest of Mexicos Modelo......
Euro zone talks: behind the scenes
reporter Joanna Partridge gives a journalist's perspective on the summit - from football to food......
Europe Week Ahead: ECB likely to cut rates
June 29 - The European Central Bank is expected to reduce interest rates when it meets on Thursday. The Bank of England is under pressure to do the same......
London hotels Olympics dream fades
June 29 - London hotels are slashing prices after misjudging demand from overseas visitors coming to London for the Olympic games. Hayley Platt reports......
Reuters Asks: Which assets will perform best and worst in Q3
June 29 - Insider asks economists, analysts and strategists which financial assets will perform best in the thirs quarter......
Wealth Strategies: Energy stocks, high yield debt to thrive
June 29 - Raymond James' Jeff Saut and LPL's Anthony Valeri discuss the outlook for stocks and bonds in the third quarter in light of the upcoming elections and the extension of "Operation Twist".....
3XSQ: EU agreement boosts stocks around the world
June 29 - Global stocks jump after European leaders agree to take steps to stabilize the region's finances......
EU deal lifts euro, cuts debt yields
June 29 - European shares jump to one-week highs after euro zone leaders agreed to take action to bring down Italy's and Spain's borrowing costs, surprising a market that had been primed for disappointment. Hayley Platt reports......
U.S. Morning Call: Euro rises on EU rescue deal
June 29 - The EU agrees to let its rescue funds be used to stabilize bond markets without forcing countries to adopt more austerity measures......
Confusion over conditionality of ESM loans: Think-tank
June 29 - Euro zone leaders have agreed the ESM will be allowed to lend directly to banks. Open Europe's Pieter Cleppe says unclear conditions could open a 'pandora's box'......
Market Pulse: What's Moving Today and Why
Insider has its finger on the market pulse, analyzing and making sense of the biggest movers of the day......
Global Thinker: Joseph Stiglitz
June 29 - Nobel Prize-winning economist Joseph Stiglitz gives his views on why he thinks politicians and voters lack the solidarity and will to fix the euro zone debt crisis. Rough Cut (no reporter narration)......
The grand experiment: Yuan convertability on HK's doorstep
June 29 - Beijing unveils plans for an "experimental" zone in Shenzhen in which controls on the yuan will be loosened and businesses will enjoy special perks......
Breakingviews: Euro zone deal ticks the boxes
Breakingviews.....
Sports Spread: Spain vs Italy in debt crisis derby
June 29 - The final of Euro 2012 sees Spain take on Italy in a debt crisis derby. We run an eye over the odds......
Stiglitz: It's the politics, stupid!
June 29 - There are no grounds for optimism when it comes to the euro zone crisis, politicians and voters lack the solidarity and will to fix it, says Nobel Prize-winning economist Joseph Stiglitz......
Reuters Today: Italy puts two past Germany
June 29 - Italy enjoys a night of triumph on and off the pitch as its footballers beat Germany and its negotiators win a deal to cut borrowing costs during a night of drama in Brussels......
Hong Kongers grapple with identity crisis
June 29 - Fifteen years after the financial center's handover to Chinese rule, a weak market and Beijing's heavy hand are causing a stir......
Asia Week Ahead: HK anniversary, Macau gaming, Samsung
June 29 - Hong Kong marks 15 years back in Chinese hands with a visit from President Hu Jintao. Watch for Macau gaming revenues, and earnings guidance from Samsung after its S3 smartphone launch......
EU agrees growth pact, Italy Spain demand help
June 29 - Italy and Spain held up agreement on measures to promote growth at a summit of European leaders. The two countries are under market pressure in the euro zone crisis and demanded urgent action to bring down their borrowing costs. Joanna Part.....
Curing America's health care ills
June 28 - The Supreme Court's decision to uphold most of President Obama's Affordable Care law is only a bandage for the ailing American health care system. Conway G. Gittens reports......
Markets rally after defeat for Merkel
Global stock markets surged as traders celebrated an unexpected defeat of Angela Merkel's austerity strategy at the Brussels summit, despite warnings that the deal reached by European leaders would be insufficient to arrest the crisis.<img width='.....
Debt crisis live: Britain won't cede more power to EU
Prime Minister David Cameron seeks to claw back powers after 'remorseless logic of having a single currency' forces Germany to accede to Italian and Spanish demands for eurozone aid to cut borrowing costs.<img width='1' height='1' src='http://tele.....
Lenders to pay compensation in new mis-selling scandal
Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, face a bill of up to 6bn after agreeing to compensate customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd659/mf.gif' border='0'/>.....
Leaders must not go off-piste into oblivion
The eurozone has pushed off on the black run of fiscal union.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd65b/mf.gif' border='0'/>.....
Ambush from Italy and Spain forces Angela Merkel to dilute euro deal
Angela Merkel was forced into a humiliating about-turn after being ambushed at a European Union summit by a new Latin alliance of France, Italy and Spain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd65c/m.....
Tesco will leave US if it fails to make profit
Supermarket will abandon its US venture if it cannot make it work.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dbd19a/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1384.....
BP considers Gazprom gas pipeline to UK
BP has regained some control over the running of Russian joint venture TNK-BP, securing the agreement of its oligarch partners to meet as a board for the first time since December.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....
RBS chief Hester waives bonus over Natwest 'glitch'
RBS chief Stephen Hester will waive his bonus this year - potentially worth up to 2.4m - following the computer systems failure which caused disruption to millions of its customers.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
3i cuts more than 160 jobs and shuts offices
Private equity group 3i has cut more than a third of its workforce as it looks to reduce annual operating costs by 45m within two years.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db7d94/mf.gif' border='0'/.....
William Hill goes to battle with Betfair customers over horseracing levy
Bookie in court bid to force Betfair customers to pay towards racing.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db755e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
Gold mining groups sparkle and tumble
Small gold mining companies were in focus as London stockmarkets rallied hard.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db0162/mf.gif' border='0'/><br/><br/><a href="http://da.feedsporta.....
Firms' 'disbelief and horror' over rate swaps scandal
Banks must be "held to proper account" for the "appalling breach of trust" over their mis-selling of interest rate swaps to small companies, business groups have demanded.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
Debt crisis: Ireland hails euro 'game changer'
Ireland claimed that a deal struck at a summit of eurozone leaders was a "game changer" for the country which would help it escape a second bailout.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20da0760/mf.gif'.....
Bank unveils new economic stimulus
The Bank of England has unveiled new stimulus measures to allow banks to pump tens of billions of pounds into the economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20da0762/mf.gif' border='0'/><br/>.....
RIM delays launch of BlackBerry 10 phone
Research in Motion shares fell nearly 20pc on Friday after the company delayed the launch of a new BlackBerry phone the company is betting will save it.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d2a5a5/mf......
Services sector stagnates as bad weather hits shops
Brtiain's dominant services sector failed to grow in April, snuffing out hopes that the economy escaped recession in the second quarter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d64fbf/mf.gif' border='0'/.....
Libor scandal could take British banking 'back to 1970s'
If Sir Mervyn King's recommendations for banking reform take place then London's pre-eminence within the global finance world could be under threat, say Harry Wilson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Debt crisis live: Markets surge after EU summit deal
European markets soar after Germany caves in to demands made by Italy and Spain for immediate eurozone aid to bring down their soaring borrowing costs, sending the euro and stock markets higher.<img width='1' height='1' src='http://telegraph.feeds.....
AB InBev swallows Corona maker Modelo for $20.1bn
Takeover of Grupo Modelo widens the gap on AB InBev's rivals.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20db0164/mf.gif' border='0'/>.....
AB InBev swallows Corona maker Modelo for $20.1 billion
The world's biggest brewer, Anheuser-Busch InBev, has widened the gap on its rivals after swallowing the maker of Corona, Grupo Modelo, for $20.1bn (12.9bn).<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20dae6f.....
Berkeley warns of Government interference as posts "tremendous" results
Housebuilder Berkeley Group posted recession-busting results with turnover, profit and earnings per share up over 40pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d8c90c/mf.gif' border='0'/>.....
Banks' interest rate swap products 'killed' businesses
Companies have been forced into administration as a direct result of paying for interest rate swap products, says banking correspondent Harry Wilson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d8c90e/mf.gif.....
King attacks 'deceitful' banking culture
BoE Governor has launched a scathing attack on "deceitful" investment banking and called for a "real change in the culture of the industry" stretching right to the top, in the wake of the Barclays rate-fixing scandal<img width='1' height='1' src='.....
Over half of firms say regulation is barrier to growth
Business leaders have urged the Government to speed up plans to reform employment law after more than half of companies cite regulation as a barrier to growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d80.....
Mervyn King reiterates call to break up banks
Mervyn King, the Governor of the Bank of England, urged the separation of lenders' retail businesses from their "casino banking" arms and a "real change in culture" at British banks.<img width='1' height='1' src='http://telegraph.feedsportal.com/c.....
Thursday 28 June 2012
UK Financial News on 2012-06-28
Barclays boss blames 'few staff'
The boss of Barclays says the banking lending rates scandal at the bank was "limited to a small number of people"......
Economy worse than thought in Q4
The UK economy shrank by 0.4% in the last three months of 2011 and 0.3% in the first quarter of this year, revised figures show......
RIM delays Blackberry 10 launch
Blackberry maker Research in Motion says it will delay the launch of its new phone operating system Blackberry 10 and says it is to cut 5,000 jobs......
News Corp's board confirms split
The board of Rupert Murdoch's News Corporation says the media giant will be split into two publicly traded companies......
Vivendi boss leaving over dispute
The boss of French media and telecoms group Vivendi is quitting his job following a dispute with his board over the company's future strategy......
FSA to act on interest rate swaps
The FSA is in last minute talks with banks to agree a settlement package for small firms which believe they were wrongly sold interest rate swaps......
Veolia's 1.2bn UK water arm sale
French utility Veolia Environnement sold its regulated UK water business for 1.24bn ($1.92bn) in a deal aimed at reducing its debts......
Eurozone agrees new growth funds
EU leaders prepare to meet for a closely watched two-day summit on the fate of the euro with heads of state divided about the best path forward......
Vatican Bank opens doors to media
The Vatican Bank has invited in journalists as part of moves to boost transparency, amid a scandal surrounding the Vatican's financial affairs......
Concern over future of spotchecks
Spotchecks to ensure businesses are following consumer safety rules could be curtailed under government plans, it has been warned......
House prices slip back in June
The price of a typical UK house falls 0.6% in June according to Nationwide, which blamed the ending of the stamp duty holiday......
German unemployment rises in June
The number of people out of work in Germany rises by 7,000 in June to give a jobless rate of 6.8%, according to official figures......
NY Times launches site in Chinese
The New York Times launches a Chinese language version of its website in a bid to tap into the world's biggest internet market......
Queen's Jubilee lifts Debenhams
Debenhams said the Queen's Diamond Jubilee celebrations gave a lift to trading in the first half of its financial year, although wet weather hampered clothing sales.....
Lloyds and Co-op deal now closer
Lloyds reaches an "understanding" with the Co-op to sell it 632 Lloyds TSB and Cheltenham and Gloucester branches......
Google to sell tablet and glasses
Google has unveiled Nexus 7 - a tablet made by Asus - and will sell its augmented reality glasses to developers from 2013......
Nadir return 'put health at risk'
Polly Peck tycoon Asil Nadir tells the Old Bailey that he risked death by returning to the UK to face trial......
MPs demand IT answers from RBS
The chairman of the Treasury Committee brands the meltdown of RBS's computer system "completely unacceptable" and demands an explanation from the bank......
Firm accuses CAB of harassment
A firm that sues shoplifters on behalf of retailers accuses a Citizens Advice Bureau official of organising a campaign of harassment against it......
Spain 'cannot afford high rates'
Spain's Prime Minister, Mariano Rajoy, says the country cannot afford to finance itself for long at current rates of interest......
EU seeks WTO help in China row
The European Union asks the World Trade Organisation to arbitrate in a row about China's export restrictions on its "rare earth" minerals.....
Retail sales 'saw Jubilee boost'
The Diamond Jubilee celebrations gave UK High Streets a "much-needed boost" in June, according to a survey of the retail sector by the CBI......
'Serious questions' for Barclays
Prime minister David Cameron says Barclays' management face "serious questions" about their role in allegations that bank lending rates were manipulated for financial gain......
Felda shares surge 19% on debut
Shares in Malaysian palm oil firm Felda surge on their debut as investors bet on growing demand for its product from the region......
US bans Samsung Galaxy Tab 10.1
A court bans sales of Samsung's Galaxy Tab 10.1 tablet in the US while it decides on the firm's patent dispute with Apple......
Plans for Gers newco in Div One
BBC Scotland learns of plans to allow the Rangers newco to move directly into Scottish Division One in the coming season......
Ex-banker jailed for F1 bribery
Former banker Gerhard Gribkowsky sentenced to more than eight years in jail for taking $44m in bribes from Formula 1 president Bernie Ecclestone......
Championship clubs in RFU dispute
The 12 clubs in England's Championship say the Rugby Football Union has failed to pay them what they were promised......
AUDIO: Diamond: Banks must be trustworthy
Clips from Barclays boss Bob Diamond from his 2011 Today lecture.....
VIDEO: Eurozone leaders ready for summit
European Union leaders are preparing to meet for a closely-watched Brussels summit on the fate of the euro......
VIDEO: 'Serious questions' for Barclays
Both Prime Minister David Cameron and Chancellor George Osborne have said Barclays Bank management has "serious questions" to answer over how it manipulated banking lending rates......
VIDEO: Barclays fine: "it's about 10 days profit"
Paul Lewis from Radio 4's Money Box programme explains what the Barclays fine means for customers......
AUDIO: 'Systematic dishonesty' at Barclays
There was "systematic dishonesty" at Barclays, says former chief executive Martin Taylor.....
VIDEO: Drive to make Games pay for UK
With 30 days to go until the 2012 Games begin the government is hoping the Olympics will boost the economy......
VIDEO: Peston on Barclays 'shocking behaviour'
The Financial Services Authority (FSA) has fined Barclays Bank a record 59.5m for attempting to manipulate the interest rates at which banks lend to each other......
VIDEO: Minister grilled on fuel duty U-turn
On the day that the government said it would delay a 3p-a-litre rise in fuel duty from August until next January, Treasury Minister Chloe Smith refused to say when exactly the government changed its mind......
Project Glass: Developers' views
Developers' thoughts on Google's Project Glass.....
Tax bills and refunds - how to check them
Are you paying too much or too little?.....
Felda gambles on 'recession-proof' business
Malaysian palm oil firm bets on 'recession proof' business.....
Wealth Strategies: Devices hurt by Obamacare, hospitals win
June 28 - Crystal Research analyst Jeff Kraws runs down the winners & losers from Obamacare and points out the reform bill will discourage pharma and biotech from creating new and innovative products......
"Obamacare" may mean less innovation, R&D: Keckley
June 28 - Healthcare economist Paul Keckley says the upholding of President Obama's healthcare reform bill might mean biotech companies will be less likely to invest in research and development......
FACTBOX: The iPhone redefines the economy
June 29 - The iPhone, launched in June 2007, is lauded as the most revolutionary product in history. Its astounding success has catapulted Apple into a $500 billion company and remade the economy......
U.S. Day Ahead: Back to the grind for Obama
President Obama better be enjoying his healthcare victory because come Friday its back to some grinding economic challenges......
EU leaders gather for family photo, but divisions remain over policy
June 28 - EU leaders gather at summit for family photo in a display of unity despite divisions over policy. Rough Cut (no reporter narration)......
Supreme Court upholds Obama healthcare law centerpiece
June 28 - The Supreme Court upholds the centerpiece of President Barack Obama's signature healthcare overhaul law. Deborah Lutterbeck reports......
Trading at Noon: Hospital stocks up; banks down
June 28 - Hospital stocks are sky-rocketing today following a health care ruling which upheld the individual mandate for ObamaCare......
Devices hurt by Obamacare, hospitals win: Kraws
Crystal Research analyst Jeff Kraws runs down the winners & losers from Obamacare and points out the reform bill will discourage pharma and biotech from creating new and innovative products......
"Obamacare" may mean less innovation, R&D: Keckley
Healthcare economist Paul Keckley says the upholding of President Obama's healthcare reform bill might mean biotech companies will be less likely to invest in research and development......
Breakingviews: Did Barclays leave blood in its wake?
June 28 - Antony Currie and Breakingviews columnists discuss who may have been hurt by the UK banks Libor lies......
The Supreme Court's Obamacare ruling in plain English
June 28 - Chief Justice Roberts move to support Obamacare was very unexpected, according to SCOTUSblog constitutional lawyer Kevin Russell......
Europe Day Ahead: EU leaders too divided to agree
June 28 - Divisions among Europe's leaders dash hopes of substantive action from the EU summit to tackle the debt crisis......
London hotels Olympics dream fades
June 28 - London hotels are slashing prices after misjudging demand from overseas visitors coming to London for the Olympic games. Hayley Platt reports......
Shares slide as EU summit hopes dim
June 28 - Shares fall and the euro hits a three-week low as divisions among European leaders dash hopes of urgent measure to tackle the region's debt crisis. Jamie McGeever reports.....
LIGHTNING ROUND: Market uncertainty could last years
June 28 - NYSE trader Alan Valdes says U.S. equity markets will be on hold this summer and that it might take years before uncertainty is worked out enough for stocks to hit new highs.....
Market Pulse: Groundhog Day as EU summit set to disappoint
June 28 - Economists say little beyond another "road map" is expected as European leaders gather in Brussels for a much-heralded summit......
Libor loses credibility, may not be worth saving
June 28 - The scandal of manipulation of the Libor rate by Barclays goes beyond simple market misdeeds. It's likely to hasten a fundamental reform in the way banks do business with each other......
Witness: Mongolians have their say at the polls
June 28 - With its vast natural resources, Mongolia is tempting investors from China to Russia and the U.S. But is the wealth trickling down to the people? Max Duncan reports from the polling stations......
Breakingviews: Is Libor worth saving?
June 28 - The repercussions of the Libor-fixing scandal go far beyond Barclays and CEO Bob Diamond......
Reuters Today: Big euro night for Germany...on and off field
June 28 - As Germany goes on the offensive in tonight's European Championship football semi-final, German chancellor Angela Merkel will be on the defensive at the latest make-or-break EU summit......
Felda's first-day pop won't open IPO floodgates
June 28 - Malaysian palm oil producer Felda Global's dazzling debut doesn't represent a turning point in a dismal year for Asian IPOs, say strategists......
Breakingviews: The real Hong Kong handover
Breakingviews' Richard Beales......
U.S. Morning Call: Losses at JPM expected to be $6-7 bln
June 28 - JPMorgan's Jamie Dimon faces more scrutiny after a NYT report says the bank's trading loss could hit $9 billion......
Summer vacation relief at the pump
June 27 - Global woes are helping keep energy prices low this summer, and Exxon Mobil CEO Rex Tillerson says there is room for them to go lower. Bobbi Rebell reports......
Housing opens door for stock rally
June 27 - Summary of business headlines: Wall Street climbs for a second day as pending home sales and orders for durable goods ease fears of a slowing U.S. economy; Google unveils tablet in a crowded field unable to defeat the iPad. Conway G. Gitten.....
Bob Diamond will receive 20 million if he resigns from Barclays
Bob Diamond, the chief executive of Barclays, could walk away with a severance package worth more than 20 million as pressure grows for him to step down.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d2572e/mf.....
RBS and Lloyds facing criminal inquiry over rate-rigging scandal
Royal Bank of Scotland and Lloyds have been accused of systematically rigging financial markets in a growing international scandal which wiped billions off the value of shares in Britain's biggest banks.<img width='1' height='1' src='http://telegr.....
Gaps in bank law our fault, says Labour peer
A Labour peer admitted that it was "our fault" that bankers may escape criminal prosecution over the interest rate scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d250d4/mf.gif' border='0'/><br/&g.....
Banks scandal: 'Use millions in bank fines to cut taxes', says Osborne
George Osborne said that millions of pounds in fines levied on "greedy" and "irresponsible" banks should be used to cut taxes for households.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d25730/mf.gif' border.....
After the dark days of Fred the Shred, RBS's name is again mud
Fred Goodwin had become the nation's favourite punchbag in October 2008 as the Royal Bank of Scotland came close to collapse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d25731/mf.gif' border='0'/>.....
Glencore finance chief moves 200m of shares
Glencore's finance director has moved shares worth 200m into trusts, at least one of which is based in Cayman Islands, as the commodity giant's merger with Xstrata stands on the verge of unravelling.<img width='1' height='1' src='http://telegraph......
Banks must use this scandal to refocus on their responsibility to society
The Libor scandal feels like the wave of outrage against the tobacco industry in the 1990s.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d250d3/mf.gif' border='0'/><br/><br/><a href="http://.....
Banks face ban from selling interest rate swaps
Banks will be banned from selling interest rate swaps to small businesses as part of a settlement package to be announced by the Financial Services Authority (FSA), which could see lenders make large compensation payments to firms mis-sold complex de.....
Bob Diamond: Barclays falsified Libor to protect bank during financial crisis
Barclays chief executive Bob Diamond has admitted for the first time that the bank made a conscious decision to falsify Libor rates in order to protect the bank at the height of the financial crisis.<img width='1' height='1' src='http://telegraph......
Bob Diamond condemns 'wholly inappropriate behaviour' of Barclays Libor traders
Barclays chief Bob Diamond has said that all employees involved in the Libor scandal face being sacked or having their remuneration clawed back, as he spoke out for the first time since the bank was fined 290m over the rate-rigging scandal.<img wi.....
Debt crisis: live
IMF will send representatives to Athens early next week to discuss programme and listen to ideas on changes, as Germany's finance minister says Berlin is willing to negotiate on eurobonds but must have fiscal union as a pre-condition.<img width='1.....
After Barclays, the golden age of finance is dead
If the City is shackled, Britain as a whole will suffer, says Jeremy Warner<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d247b2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.c.....
Letter from Barclays chief Bob Diamond to Andrew Tyrie
Barclays chief executive Bob Diamond has spoken out for the first time since the bank was fined 290m over its role in manipulating the Libor rate, insisting in an open letter that "all appropriate options will be pursued for those who have a case to .....
Morgan Stanley and Prudential buy in to Veolia
An infrastructure fund owned by London-listed insurer Prudential and US bank Morgan Stanley has bought a 90pc stake in Veolia's regulated water businesses for 1.2bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
Water stocks buoyed by deal as banks sink
As the Libor scandal sent banks sinking to the bottom of a gloomy FTSE, water stocks bobbed up to the top - their defensive appeal buoyed by another deal in the sector.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Crippling the banks will only make things worse
Telegraph View: The City creates jobs and wealth that would be missed if lost<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d1ab64/mf.gif' border='0'/>.....
Banks face crippling Libor litigation costs
Britain's banks face costs running into tens of billions of pounds from the Libor scandal if US litigants prove they were the victims of four years of mispricing, City experts have warned.<img width='1' height='1' src='http://telegraph.feedsportal.....
Debenhams beats forecasts despite wet weather
UK's second largest department store group showed its resilience in the downturn by beating forecasts for quarterly underlying sales and winning market share despite heavy rain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
Debt crisis: France and Germany clash at euro summit
Franois Hollande and Angela Merkel have clashed over calls from Italy and Spain for urgent European Union action to relieve their borrowing costs, after their pleas were dismissed as "scaremongering" by allies of the German chancellor.<img width='.....
BBA calls for Government review of Libor powers
Responsibility for overseeing how the world's benchmark bank borrowing rate is set should fall to the Government, the British Banking Association has claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d12d.....
Banks facing criminal inquiry over rate-rigging scandal
Britain's biggest banks facing the threat of a criminal investigation tonight over the rate-rigging scandal that has already seen billions wiped off shares and Barclays fined 290 million.<img width='1' height='1' src='http://telegraph.feedsportal......
Barclays sketch: MPs show a 'light touch' of amnesia
Michael Deacon watches George Osborne lead a debate in which Conservatives and Labour blame each other for the Barclays scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d0bfe3/mf.gif' border='0'/><.....
Barclays Libor scandal: as it happened - June 28, 2012
David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign.<img width='1' height=.....
Rupert Murdoch steps back from newspapers but 'not because of hacking'
Rupert Murdoch has formally distanced himself from his disgraced newspaper business but claimed the move has "nothing whatsoever" with phone hacking at the News of the World.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Barclays Libor scandal: live
David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign.<img width='1' height=.....
The boss of Barclays says the banking lending rates scandal at the bank was "limited to a small number of people"......
Economy worse than thought in Q4
The UK economy shrank by 0.4% in the last three months of 2011 and 0.3% in the first quarter of this year, revised figures show......
RIM delays Blackberry 10 launch
Blackberry maker Research in Motion says it will delay the launch of its new phone operating system Blackberry 10 and says it is to cut 5,000 jobs......
News Corp's board confirms split
The board of Rupert Murdoch's News Corporation says the media giant will be split into two publicly traded companies......
Vivendi boss leaving over dispute
The boss of French media and telecoms group Vivendi is quitting his job following a dispute with his board over the company's future strategy......
FSA to act on interest rate swaps
The FSA is in last minute talks with banks to agree a settlement package for small firms which believe they were wrongly sold interest rate swaps......
Veolia's 1.2bn UK water arm sale
French utility Veolia Environnement sold its regulated UK water business for 1.24bn ($1.92bn) in a deal aimed at reducing its debts......
Eurozone agrees new growth funds
EU leaders prepare to meet for a closely watched two-day summit on the fate of the euro with heads of state divided about the best path forward......
Vatican Bank opens doors to media
The Vatican Bank has invited in journalists as part of moves to boost transparency, amid a scandal surrounding the Vatican's financial affairs......
Concern over future of spotchecks
Spotchecks to ensure businesses are following consumer safety rules could be curtailed under government plans, it has been warned......
House prices slip back in June
The price of a typical UK house falls 0.6% in June according to Nationwide, which blamed the ending of the stamp duty holiday......
German unemployment rises in June
The number of people out of work in Germany rises by 7,000 in June to give a jobless rate of 6.8%, according to official figures......
NY Times launches site in Chinese
The New York Times launches a Chinese language version of its website in a bid to tap into the world's biggest internet market......
Queen's Jubilee lifts Debenhams
Debenhams said the Queen's Diamond Jubilee celebrations gave a lift to trading in the first half of its financial year, although wet weather hampered clothing sales.....
Lloyds and Co-op deal now closer
Lloyds reaches an "understanding" with the Co-op to sell it 632 Lloyds TSB and Cheltenham and Gloucester branches......
Google to sell tablet and glasses
Google has unveiled Nexus 7 - a tablet made by Asus - and will sell its augmented reality glasses to developers from 2013......
Nadir return 'put health at risk'
Polly Peck tycoon Asil Nadir tells the Old Bailey that he risked death by returning to the UK to face trial......
MPs demand IT answers from RBS
The chairman of the Treasury Committee brands the meltdown of RBS's computer system "completely unacceptable" and demands an explanation from the bank......
Firm accuses CAB of harassment
A firm that sues shoplifters on behalf of retailers accuses a Citizens Advice Bureau official of organising a campaign of harassment against it......
Spain 'cannot afford high rates'
Spain's Prime Minister, Mariano Rajoy, says the country cannot afford to finance itself for long at current rates of interest......
EU seeks WTO help in China row
The European Union asks the World Trade Organisation to arbitrate in a row about China's export restrictions on its "rare earth" minerals.....
Retail sales 'saw Jubilee boost'
The Diamond Jubilee celebrations gave UK High Streets a "much-needed boost" in June, according to a survey of the retail sector by the CBI......
'Serious questions' for Barclays
Prime minister David Cameron says Barclays' management face "serious questions" about their role in allegations that bank lending rates were manipulated for financial gain......
Felda shares surge 19% on debut
Shares in Malaysian palm oil firm Felda surge on their debut as investors bet on growing demand for its product from the region......
US bans Samsung Galaxy Tab 10.1
A court bans sales of Samsung's Galaxy Tab 10.1 tablet in the US while it decides on the firm's patent dispute with Apple......
Plans for Gers newco in Div One
BBC Scotland learns of plans to allow the Rangers newco to move directly into Scottish Division One in the coming season......
Ex-banker jailed for F1 bribery
Former banker Gerhard Gribkowsky sentenced to more than eight years in jail for taking $44m in bribes from Formula 1 president Bernie Ecclestone......
Championship clubs in RFU dispute
The 12 clubs in England's Championship say the Rugby Football Union has failed to pay them what they were promised......
AUDIO: Diamond: Banks must be trustworthy
Clips from Barclays boss Bob Diamond from his 2011 Today lecture.....
VIDEO: Eurozone leaders ready for summit
European Union leaders are preparing to meet for a closely-watched Brussels summit on the fate of the euro......
VIDEO: 'Serious questions' for Barclays
Both Prime Minister David Cameron and Chancellor George Osborne have said Barclays Bank management has "serious questions" to answer over how it manipulated banking lending rates......
VIDEO: Barclays fine: "it's about 10 days profit"
Paul Lewis from Radio 4's Money Box programme explains what the Barclays fine means for customers......
AUDIO: 'Systematic dishonesty' at Barclays
There was "systematic dishonesty" at Barclays, says former chief executive Martin Taylor.....
VIDEO: Drive to make Games pay for UK
With 30 days to go until the 2012 Games begin the government is hoping the Olympics will boost the economy......
VIDEO: Peston on Barclays 'shocking behaviour'
The Financial Services Authority (FSA) has fined Barclays Bank a record 59.5m for attempting to manipulate the interest rates at which banks lend to each other......
VIDEO: Minister grilled on fuel duty U-turn
On the day that the government said it would delay a 3p-a-litre rise in fuel duty from August until next January, Treasury Minister Chloe Smith refused to say when exactly the government changed its mind......
Project Glass: Developers' views
Developers' thoughts on Google's Project Glass.....
Tax bills and refunds - how to check them
Are you paying too much or too little?.....
Felda gambles on 'recession-proof' business
Malaysian palm oil firm bets on 'recession proof' business.....
Wealth Strategies: Devices hurt by Obamacare, hospitals win
June 28 - Crystal Research analyst Jeff Kraws runs down the winners & losers from Obamacare and points out the reform bill will discourage pharma and biotech from creating new and innovative products......
"Obamacare" may mean less innovation, R&D: Keckley
June 28 - Healthcare economist Paul Keckley says the upholding of President Obama's healthcare reform bill might mean biotech companies will be less likely to invest in research and development......
FACTBOX: The iPhone redefines the economy
June 29 - The iPhone, launched in June 2007, is lauded as the most revolutionary product in history. Its astounding success has catapulted Apple into a $500 billion company and remade the economy......
U.S. Day Ahead: Back to the grind for Obama
President Obama better be enjoying his healthcare victory because come Friday its back to some grinding economic challenges......
EU leaders gather for family photo, but divisions remain over policy
June 28 - EU leaders gather at summit for family photo in a display of unity despite divisions over policy. Rough Cut (no reporter narration)......
Supreme Court upholds Obama healthcare law centerpiece
June 28 - The Supreme Court upholds the centerpiece of President Barack Obama's signature healthcare overhaul law. Deborah Lutterbeck reports......
Trading at Noon: Hospital stocks up; banks down
June 28 - Hospital stocks are sky-rocketing today following a health care ruling which upheld the individual mandate for ObamaCare......
Devices hurt by Obamacare, hospitals win: Kraws
Crystal Research analyst Jeff Kraws runs down the winners & losers from Obamacare and points out the reform bill will discourage pharma and biotech from creating new and innovative products......
"Obamacare" may mean less innovation, R&D: Keckley
Healthcare economist Paul Keckley says the upholding of President Obama's healthcare reform bill might mean biotech companies will be less likely to invest in research and development......
Breakingviews: Did Barclays leave blood in its wake?
June 28 - Antony Currie and Breakingviews columnists discuss who may have been hurt by the UK banks Libor lies......
The Supreme Court's Obamacare ruling in plain English
June 28 - Chief Justice Roberts move to support Obamacare was very unexpected, according to SCOTUSblog constitutional lawyer Kevin Russell......
Europe Day Ahead: EU leaders too divided to agree
June 28 - Divisions among Europe's leaders dash hopes of substantive action from the EU summit to tackle the debt crisis......
London hotels Olympics dream fades
June 28 - London hotels are slashing prices after misjudging demand from overseas visitors coming to London for the Olympic games. Hayley Platt reports......
Shares slide as EU summit hopes dim
June 28 - Shares fall and the euro hits a three-week low as divisions among European leaders dash hopes of urgent measure to tackle the region's debt crisis. Jamie McGeever reports.....
LIGHTNING ROUND: Market uncertainty could last years
June 28 - NYSE trader Alan Valdes says U.S. equity markets will be on hold this summer and that it might take years before uncertainty is worked out enough for stocks to hit new highs.....
Market Pulse: Groundhog Day as EU summit set to disappoint
June 28 - Economists say little beyond another "road map" is expected as European leaders gather in Brussels for a much-heralded summit......
Libor loses credibility, may not be worth saving
June 28 - The scandal of manipulation of the Libor rate by Barclays goes beyond simple market misdeeds. It's likely to hasten a fundamental reform in the way banks do business with each other......
Witness: Mongolians have their say at the polls
June 28 - With its vast natural resources, Mongolia is tempting investors from China to Russia and the U.S. But is the wealth trickling down to the people? Max Duncan reports from the polling stations......
Breakingviews: Is Libor worth saving?
June 28 - The repercussions of the Libor-fixing scandal go far beyond Barclays and CEO Bob Diamond......
Reuters Today: Big euro night for Germany...on and off field
June 28 - As Germany goes on the offensive in tonight's European Championship football semi-final, German chancellor Angela Merkel will be on the defensive at the latest make-or-break EU summit......
Felda's first-day pop won't open IPO floodgates
June 28 - Malaysian palm oil producer Felda Global's dazzling debut doesn't represent a turning point in a dismal year for Asian IPOs, say strategists......
Breakingviews: The real Hong Kong handover
Breakingviews' Richard Beales......
U.S. Morning Call: Losses at JPM expected to be $6-7 bln
June 28 - JPMorgan's Jamie Dimon faces more scrutiny after a NYT report says the bank's trading loss could hit $9 billion......
Summer vacation relief at the pump
June 27 - Global woes are helping keep energy prices low this summer, and Exxon Mobil CEO Rex Tillerson says there is room for them to go lower. Bobbi Rebell reports......
Housing opens door for stock rally
June 27 - Summary of business headlines: Wall Street climbs for a second day as pending home sales and orders for durable goods ease fears of a slowing U.S. economy; Google unveils tablet in a crowded field unable to defeat the iPad. Conway G. Gitten.....
Bob Diamond will receive 20 million if he resigns from Barclays
Bob Diamond, the chief executive of Barclays, could walk away with a severance package worth more than 20 million as pressure grows for him to step down.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d2572e/mf.....
RBS and Lloyds facing criminal inquiry over rate-rigging scandal
Royal Bank of Scotland and Lloyds have been accused of systematically rigging financial markets in a growing international scandal which wiped billions off the value of shares in Britain's biggest banks.<img width='1' height='1' src='http://telegr.....
Gaps in bank law our fault, says Labour peer
A Labour peer admitted that it was "our fault" that bankers may escape criminal prosecution over the interest rate scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d250d4/mf.gif' border='0'/><br/&g.....
Banks scandal: 'Use millions in bank fines to cut taxes', says Osborne
George Osborne said that millions of pounds in fines levied on "greedy" and "irresponsible" banks should be used to cut taxes for households.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d25730/mf.gif' border.....
After the dark days of Fred the Shred, RBS's name is again mud
Fred Goodwin had become the nation's favourite punchbag in October 2008 as the Royal Bank of Scotland came close to collapse.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d25731/mf.gif' border='0'/>.....
Glencore finance chief moves 200m of shares
Glencore's finance director has moved shares worth 200m into trusts, at least one of which is based in Cayman Islands, as the commodity giant's merger with Xstrata stands on the verge of unravelling.<img width='1' height='1' src='http://telegraph......
Banks must use this scandal to refocus on their responsibility to society
The Libor scandal feels like the wave of outrage against the tobacco industry in the 1990s.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d250d3/mf.gif' border='0'/><br/><br/><a href="http://.....
Banks face ban from selling interest rate swaps
Banks will be banned from selling interest rate swaps to small businesses as part of a settlement package to be announced by the Financial Services Authority (FSA), which could see lenders make large compensation payments to firms mis-sold complex de.....
Bob Diamond: Barclays falsified Libor to protect bank during financial crisis
Barclays chief executive Bob Diamond has admitted for the first time that the bank made a conscious decision to falsify Libor rates in order to protect the bank at the height of the financial crisis.<img width='1' height='1' src='http://telegraph......
Bob Diamond condemns 'wholly inappropriate behaviour' of Barclays Libor traders
Barclays chief Bob Diamond has said that all employees involved in the Libor scandal face being sacked or having their remuneration clawed back, as he spoke out for the first time since the bank was fined 290m over the rate-rigging scandal.<img wi.....
Debt crisis: live
IMF will send representatives to Athens early next week to discuss programme and listen to ideas on changes, as Germany's finance minister says Berlin is willing to negotiate on eurobonds but must have fiscal union as a pre-condition.<img width='1.....
After Barclays, the golden age of finance is dead
If the City is shackled, Britain as a whole will suffer, says Jeremy Warner<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d247b2/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.c.....
Letter from Barclays chief Bob Diamond to Andrew Tyrie
Barclays chief executive Bob Diamond has spoken out for the first time since the bank was fined 290m over its role in manipulating the Libor rate, insisting in an open letter that "all appropriate options will be pursued for those who have a case to .....
Morgan Stanley and Prudential buy in to Veolia
An infrastructure fund owned by London-listed insurer Prudential and US bank Morgan Stanley has bought a 90pc stake in Veolia's regulated water businesses for 1.2bn.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....
Water stocks buoyed by deal as banks sink
As the Libor scandal sent banks sinking to the bottom of a gloomy FTSE, water stocks bobbed up to the top - their defensive appeal buoyed by another deal in the sector.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....
Crippling the banks will only make things worse
Telegraph View: The City creates jobs and wealth that would be missed if lost<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d1ab64/mf.gif' border='0'/>.....
Banks face crippling Libor litigation costs
Britain's banks face costs running into tens of billions of pounds from the Libor scandal if US litigants prove they were the victims of four years of mispricing, City experts have warned.<img width='1' height='1' src='http://telegraph.feedsportal.....
Debenhams beats forecasts despite wet weather
UK's second largest department store group showed its resilience in the downturn by beating forecasts for quarterly underlying sales and winning market share despite heavy rain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....
Debt crisis: France and Germany clash at euro summit
Franois Hollande and Angela Merkel have clashed over calls from Italy and Spain for urgent European Union action to relieve their borrowing costs, after their pleas were dismissed as "scaremongering" by allies of the German chancellor.<img width='.....
BBA calls for Government review of Libor powers
Responsibility for overseeing how the world's benchmark bank borrowing rate is set should fall to the Government, the British Banking Association has claimed.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d12d.....
Banks facing criminal inquiry over rate-rigging scandal
Britain's biggest banks facing the threat of a criminal investigation tonight over the rate-rigging scandal that has already seen billions wiped off shares and Barclays fined 290 million.<img width='1' height='1' src='http://telegraph.feedsportal......
Barclays sketch: MPs show a 'light touch' of amnesia
Michael Deacon watches George Osborne lead a debate in which Conservatives and Labour blame each other for the Barclays scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/20d0bfe3/mf.gif' border='0'/><.....
Barclays Libor scandal: as it happened - June 28, 2012
David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign.<img width='1' height=.....
Rupert Murdoch steps back from newspapers but 'not because of hacking'
Rupert Murdoch has formally distanced himself from his disgraced newspaper business but claimed the move has "nothing whatsoever" with phone hacking at the News of the World.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....
Barclays Libor scandal: live
David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign.<img width='1' height=.....
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