Swiss bank to close after US fine
Switzerland's oldest bank, Wegelin, is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes......
UK service sector activity falls
Activity in the UK's services sector fell for the first time in two years in December, a survey suggests, raising fears for the economy......
Child benefit changes questioned
Child benefit cuts could cause "incoherence in the welfare system" and lead to some facing a 65% marginal tax rate, a think tank says......
Virgin France declares insolvency
Virgin France is to declare itself insolvent, the latest music chain to fail against a backdrop of consumers shifting to buying music online......
US unemployment rate holds steady
The US economy added a further 155,000 jobs in December, while the unemployment rate held steady at 7.8%, official figures show......
Co-op bank fined over PPI claims
The Co-op bank has been fined 113,300 by the Financial Services Authority for delaying complaints about the mis-selling of Payment Protection Insurance......
Iceland gives oil and gas permits
Iceland awards two licences for oil and gas exploration and production in the waters off the north east coast of the Atlantic island......
Mortgage approvals 'keep rising'
The UK housing market shows signs of picking up as mortgage approvals for home buyers rose again in November, Bank of England figures show......
Ukraine cautious on Russian union
Kiev should try to meet the conditions of Russia's customs union with ex-Soviet states, Ukraine's President Yanukovych says without committing to membership......
Higher peak-time rail fares opposed
The government should rule out using peak-time train fare rises to manage passenger numbers, says the Commons Transport Select Committee......
Tax criminals are shamed by HMRC
The tax authorities have published the photos of 25 of the UK's biggest tax dodgers convicted in the criminal courts in 2012......
Sales of printed books slump in 2012
The printed book market fell by almost 74m in 2012, down 4.6% year on year, but the rate of decline was slowed by Fifty Shades Of Grey......
Germany retail sales up in 2012
Retail sales in Germany rose as much as 2.1% last year as Europe's largest economy took the eurozone debt crisis in its stride, according to the Federal Statistical Office......
Google avoids legal action in US
Google makes 'significant changes' to how it does business to avoid legal action from US regulator the Federal Trade Commission......
Help long-term jobless - Labour
Labour says it would guarantee the long-term jobless a six-month job if it were in power now, but will not commit to the idea if is re-elected in future......
Transocean agrees oil spill fine
Transocean, which owned the Deepwater Horizon oil rig, agrees a $1.4bn (867m) settlement with the US government for violating the Clean Water Act......
US car sales hit five-year high
US car sales rise 13.4% in 2012, making it the best year for the industry since 2007, industry data shows......
Spain agrees Parador hotels cuts
The Spanish government reaches agreement with unions about job losses and closures of its chain of hotels in converted castles, mansions and monasteries......
Italy halts Vatican card payments
Italy's central bank suspends bank card payments in the Vatican, saying it has not fully implemented anti-laundering legislation, media say......
Mobile users set for price boost
Phone and internet customers may soon be allowed to escape their fixed contracts, without penalty, if the price of their deal is put up......
Mortgage funds to rise, says Bank
The supply of mortgage funds will be increased "significantly" by the Funding for Lending Scheme, the Bank of England says......
Benefit change: Public 'not unaware'
Officials say most people are aware of imminent cuts to child benefit for the better-off after reports that many of those affected have not been contacted......
New US Congress re-elects Boehner
The US Congress begins a new term and re-elects John Boehner as House speaker, with budget battles expected to resume in the coming weeks......
Bond buying worries central bank
A number of senior figures at the Federal Reserve want the US central bank to slow down its bond-buying programme "well before the end of 2013"......
Spain sees fall in jobless total
The number of people registered unemployment in Spain fell in December, the Labour Ministry says, a rare glimmer of hope for its recession-hit economy......
Ferrari sales decline in Italy
Sales of Ferrari and Maserati cars fall sharply in the land of their birth as Italy's financial and economic woes bite even the richest Italians......
Aviation firm shuts US operation
Scottish company John Menzies decides to shut its loss-making cargo business at Chicago Airport in the US, at a cost of 7m......
Start-up loans scheme expanded
The government expands its start-up loans scheme to try to encourage young people to run their own businesses, but critics say it has made a disappointing start......
Everton loss widens as wages rise
Everton Football Club reports widening losses, due in part to higher wages and falling season ticket sales......
VIDEO: Inquiry call after rig runs aground
Senior members of the US Congress are demanding an inquiry after a Shell oil drilling ship ran aground off Alaska......
VIDEO: Swiss banks 'having to open up'
Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes......
VIDEO: Economy fears over service sector
Figures for the crucial services part of the UK economy - shops, banks, restaurants - show that the sector has shrunk for the first time in two years......
VIDEO: US unemployment rate holds steady
The US economy added a further 155,000 jobs in December, while the unemployment rate held steady at 7.8%, official figures show......
VIDEO: Higher peak-time rail fares opposed
The government should rule out using peak-time train fare rises to manage passenger numbers, MPs have said......
VIDEO: Positive US job figures expected
Official US payroll figures for December 2012 are expected to show 150,000 new jobs despite fiscal cliff battle......
VIDEO: 'Jobs guarantee a lifeline'
The Labour Party says it will guarantee a job for the long-term unemployed, if it is re-elected......
VIDEO: Swiss bank Wegelin to close after US fine
Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes......
Endowment shortfalls confirmed
The legacy of the endowment mortgage mis-selling scandal.....
Italy faces stark choices ahead of election
Is Italy going from one crisis to the next?.....
China's freemium gaming revolution
How China's "freemium" model is upending the video games industry.....
Viewpoint: The small business of 2063
Why robots may soon be your trusted colleagues.....
India bananas seek bigger share of global market
India vies for bigger share of global market.....
Robots: Brave New World moves a step closer
Robots are ready to invade our homes.....
Rain: Winners and losers
The rain effect: From damaged crops to soup sales.....
Viewpoint: The future of mobility
How technology makes mobility flexible.....
U.S. Week Ahead: Wells Fargo the only earnings that matter
Jan 4 - Analysts expect Wells Fargo to report a higher profit from last quarter and even a year ago thanks to its ability to tap into the housing rebound and mortgage refinancing boom......
Techquity: Facebook to benefit from Google deal with FTC
Jan 4 - How the settlement between Google and the Federal Trade Commission could keep the Feds away from Facebook......
Wealth Strategies: Long-Short, CTAs to deliver in 2013
Jan. 18 - Agecroft Partners' Don Steinbrugge says, after a weak performance in 2012, hedge fund returns will improve to 6%-8% in the new year, led by long-short funds and commodity trading advisors......
Daily Digit: 155,000 new jobs
Jan. 4 - The U.S. economy added 155,000 jobs in December and the unemployment rate stayed at a revised 7.8 percent, pointing to a lackluster pace of economic growth. Conway G. Gittens reports......
Trading at Noon: Eli Lilly eyes bigger profit in 2013
Jan 4 - Drug maker Eli Lilly expects to increase profits in 2013, primarily due to cost controls......
Breakingviews: Sokol haze
Jan 4 - Jeffrey Goldfarb talks to Breakingviews columnists about the muddled implications of the SEC ending its insider-trading probe against former Warren Buffett deputy David Sokol......
Egypt struggles with ailing currency
Jan. 4 - Just two years after Egypt was liberated in the Arab Spring, its economy is in tatters, and there are worries about investor confidence in the country where 40% of food is imported. Joanne Nicholson reports.....
'Cash only' at the Vatican
Jan. 04 - Italy has blocked the use of credit and debit cards in the tiny autonomy of the Catholic Church, because of concerns over financial transparency, inconveniencing tourists - one of the Vatican's biggest sources of income. Joanna Partridge re.....
Europe Week Ahead: Old year worries remain unchanged
Jan. 4 - A look at next weeks key events including ECB & BoE policy meetings, Spanish & Italian debt auctions and UK retail trading updates......
Wealth Strategies: Be concerned about job growth outlook
Jan. 4 - Moody's John Lonski says that, despite strength in the December jobs report, concerns over corporate profits and the economy may mean employment growth will be weak in 2013......
3XSQ: Job growth cools slightly in December
Jan 4 - The pace of hiring by U.S. employers eased slightly in December, pointing to a lackluster pace of economic growth......
Reuters on the Road: Sugru fixes the future
Jan. 4 - Sugru inventor Jane Ni Dhulchaointigh takes the taxi challenge to explain why the worlds full of crap and needs fixing......
Breakingviews: Google won't evade rivals
Jan. 4 - The U.S. Federal Trade Commission's extensive antitrust probe into Google ended with a whimper, says Breakingviews......
Italy's nation of gamblers
Jan. 04 - Once a nation of savers, Italians are now turning to gambling to help survive the economic crisis, with a further one thousand gambling licences up for grabs by the end of January. Hayley Platt reports.....
Reuters Today: Fed rains on New Year's parade
Jan. 4 - Fed minutes revealed several officials favoured slowing or stopping bond purchases before the end of 2013, putting pressure on stock markets......
FACTBOX: China's car industry stuck in neutral
Jan. 4 - After years of stunning growth the world's biggest auto market has slowed to a crawl -- but the pain isn't hitting all brands equally......
Asia Week Ahead: Japan CEOs speak out on prospects for 2013
Jan. 4 - 2013 could be an inflection point for Japan Inc with one hundred yen to the dollar a key focus for CEOs. And China trade data may squash bullishness over the nation's economic recovery......
U.S. Morning Call: Investors looking for upbeat jobs report
poll predicts nonfarm payrolls to tick up to 150,000 for December and the unemployment rate to remain at 7.7 percent......
Transocean agrees $1.4 bln oil spill
Jan. 4 - Rig contractor Transocean has agreed to pay $1.4 billion to settle U.S. government charges for its part in BP's massive 2010 Gulf of Mexico oil spill, as the firm admitted that its crew on the Deepwater Horizon was partly responsible. Hayley.....
Market Pulse: Sacre Bleu! UK yields higher than France's
Jan. 4 - A bad day for UK data and markets. AAA-rated Britain's borrowing costs rise above AA-rated France's, and its service sector shrinks dramatically. A much better day for the dollar though......
Google finds friends at the FTC
Jan. 3 - Summary of business headlines: Google comes out unscathed after anti-competition probe but angers State Department with planned North Korea trip; Stocks recede despite encouraging numbers on retail, jobs, and auto sales. Conway G. Gittens re.....
Big is back for auto industry
Jan. 3 - U.S. auto sales in 2013 are expected to rev up even more thanks to new SUV models after 2012 saw the best annual sales gains since 2007. Sasha Salama reports......
FACTBOX: Auto sales rev up in Dec., but may brake in 2013
Jan 3 - U.S. auto sales rose 9 percent in December, led by foreign manufacturers, capping off the best year for the industry since before the recession......
U.S. Day Ahead: If the jobs report comes under 100,000 be very worried
Jan 3 - Friday's jobs report is set to show businesses were cautious going into 2013. IFR says if hiring falls below 100,000 that won't be enough to keep a lid on unemployment......
Daily Digit: 215,000 jobs in private sector
Jan. 3 - Private sector hiring picked up pace at the end of 2012 with 215,000 new jobs created according to the December ADP report, adding to a streak of positive jobs data. Conway G. Gittens reports......
Alex: It's A Wonderful Crisis - part 13
Can the irascible banker find redemption?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273473c4/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/153442838786/u/3/f/568300/c/3.....
S&P 500 closes at five-year high
The Standard & Poor's 500 closed at its highest in five years on Friday after a report showed that hiring held up in December, giving stocks an early lift.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27348.....
Anglo American to sell 70pc stake in Brazilian mine
Mining giant Anglo American has agreed to sell its 70pc stake in the Amapa iron ore mine in Brazil to Zamin Ferrous, bringing the total raised from its disposal programme since 2009 to more than $5bn (3.1bn).<img width='1' height='1' src='http://t.....
Goldman Sachs seeks $7m legal fees from Rajat Gupta
Goldman Sachs is seeking nearly $7m from a former board member convicted of insider trading to cover its legal fees and expenses, following a judge's description of the bank as a "victim" of the crime.<img width='1' height='1' src='http://telegrap.....
Reader's Digest UK facing administration
Reader's Digest UK, the staple of doctors' waiting rooms, is facing administration less than three years after being rescued by private equity veteran Jon Moulton.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
Congressmen attack Shell over 'alarming blunders' in Arctic
Royal Dutch Shell should be investigated for a "series of alarming blunders" in its Arctic drilling campaign, a group of US congressmen said, as salvage workers battled the weather to try to reach the oil major's grounded drilling rig off Alaska.<.....
We may soon need Europe more than Europe needs us
For as long as I have been in work I've been writing about Europe's single currency in one way or another, from the Exchange Rate Mechanism to a eurozone break-up.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
Miners hit but FTSE 100 climbs higher
Falling precious metals prices hurt miners early in the session.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27338895/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/153442.....
UK mortgage approvals hit ten-month high
Mortgage approvals have reached a 10-month high, adding to evidence that lending to the housing market is improving.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27338897/mf.gif' border='0'/><br/><b.....
Triple-dip threat rises as UK service sector shrinks
Britain's services sector shrank for the first time in two years in December, increasing the likelihood that the country is "triple-dipping" back into a recession.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2.....
Lloyds sells Admiral Pubs, crystallising a 500m loss
Lloyds Banking Group has crystallised a 500m loss after selling Admiral Pubs, which has been undergoing a three-year restructuring programme, for 200m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27338b12/mf.g.....
Lloyds sells Admiral pubs, crystallising a 500m loss
Lloyds Banking Group has crystallised a 500m loss after selling Admiral Pubs for 200m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2733889a/mf.gif' border='0'/><br/><br/><a href="http://da.fe.....
Food prices to rise sharply, says Waitrose boss
Price of basic food items could rise by as much as five per cent because of miserable weather last autumn, managing director of Waitrose says.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27347694/mf.gif' borde.....
Food price inflation to increase, Waitrose boss warns
The price of basic food items could rise by as much as five per cent this year because of miserable weather last autumn, the managing director of Waitrose has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Food inflation to increase, Waitrose boss warns
The price of basic food items could rise by as much as five per cent this year because of miserable weather last autumn, the managing director of Waitrose has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....
Wentworth receives boost from tennis and health club
Wentworth, the exclusive Surrey golf club owned by restaurateur Richard Caring, saw turnover rise 13pc last year as it attracted more members to its tennis and health club.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Ireland unemployment rate holds steady at 14.6pc
Ireland's unemployment rate held steady at 14.6 percent in December, unchanged from November, as the number of people claiming jobless benefits dropped.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2732ff08/mf......
Ireland unemployment rates holds steady at 14.6pc
Ireland's unemployment rate held steady at 14.6 percent in December, unchanged from November, as the number of people claiming jobless benefits dropped.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2732d973/mf......
Morrisons signs up Ant & Dec for new advertising campaign
WM Morrison, Britain's fourth largest supermarket group, has turned to Ant & Dec to try to revive flagging sales.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27329e63/mf.gif' border='0'/><br/><.....
Arqiva backers pay 400m in new financing deal
Shareholders in Arqiva, the company which runs most of Britain's television broadcasting towers, are to plough 400m of fresh equity into the company as part of an agreement to refinance its 3.7bn debt pile.<img width='1' height='1' src='http://tel.....
Arqiva backers pay 400m in new financing deal
Shareholders in Arqiva, the company which runs most of Britain's television broadcasting towers, are to plough 400m of fresh equity into the company as part of an agreement to refinance its 3.7bn debt pile.<img width='1' height='1' src='http://tel.....
'Means-testing winter fuel payments would be disastrous for millions of pensioners'
Proposals to fund long-term care by means-testing winter fuel payments will destroy incentives to save for old age, says leading campaigner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/273240ad/mf.gif' border=.....
Microsoft blasts 'weak and unusual' Google verdict
Microsoft has blasted US regulators who backed Google in a long-running competition row for delivering a "weak" and "unusual" verdict, and called on European regulators to take tougher action against the web search giant.<img width='1' height='1' .....
US becomes Mercedes-Benz's main market in record year
Mercedes-Benz , the luxury German carmaker, achieved record sales in 2012, driven by accelerating growth in China and the United States.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2731ea21/mf.gif' border='0'/.....
US job growth cools as recovery grinds on
America's employers added 155,000 jobs to the economy last month, pointing to a stagnant pace of economic growth that was unable to make further inroads in the country's still high unemployment rate.<img width='1' height='1' src='http://telegraph......
