Views from the top: the dangers facing the industry
As financial markets enter their sixth year of uncertainty since the start of the credit crunch, Financial News canvassed the views of top executives late last month.....
US bank to pay $11.6bn settlement
Bank of America agrees to pay US government mortgage agency Fannie Mae a total of $11.6bn to settle claims over home loans......
Surge in child benefit opt-outs
Some 270,000 people have opted out of receiving child benefit, owing to changes in rules affecting higher earners which are now in force......
Morrisons' sales 'disappointing'
Morrisons describes its fall in Christmas sales as disappointing, even after taking into account the difficult market conditions......
Banks in $8.5bn foreclosure payout
Ten big US banks, including Bank of America and Citigroup, agree to pay $8.5bn (5.2bn) to settle a review of home foreclosures by regulators......
UK car sales reach four-year high
UK new car registrations rose by 5.3% in 2012 to their highest level since 2008, car industry body SMMT says......
London Market Report
Bank shares rise after international regulators announced they were giving banks more time to build up their cash reserves, but the FTSE index ends down......
Barroso: Threat to euro overcome
European Commission President Jose Manuel Barroso says the threat to the euro has been overcome, but warns challenges remain for the EU......
House prices 'will change little'
UK house prices fell by 0.3% in 2012 and are likely to remain at the same level by the end of 2013, the Halifax says......
Global deal boosts bank shares
European bank shares rise following the weekend agreement on the minimum amounts of cash and easy-to-sell assets that banks have to hold......
Australian coal miner hit by hoax
Shares in Australian coal miner Whitehaven fall almost 9% after a fake press release claims one of the firm's lenders has withdrawn funding......
Sales boost for House of Fraser
Department store group House of Fraser says it enjoyed its "best ever" Christmas sales period, while fashion retailer New Look also sees sales rise......
HTC posts 90% slump in profits
Taiwanese mobile phone maker HTC reports a slump in profits as it continues to suffer at the hands of rivals Apple and Samsung......
UK consumer spending surveys mixed
UK consumer spending fell in December despite a late Christmas rush, says Visa, while MasterCard found retail sales rose last month......
Japan car sales jump by a quarter
Car sales in Japan jumped by more than a quarter last year as the industry recovered from 2011's earthquake and tsunami, figures show......
LG plans to increase investment
South Korea's LG Group announces plans to increase investment, in an attempt to boost its market share amid increased competition......
Small business confidence 'rises'
Confidence rises among Scottish small businesses despite rising costs and weak trading conditions, according to a new survey......
Deal to end ice hockey lockout
The National Hockey League reaches a provisional agreement with players to end a near four-month lockout that had threatened to wipe out the whole season......
Fraud email key phrases revealed
The most common phrase used by fraudsters in emails is "cover up", according to new research developed partially using tools from the FBI......
Google head, official in N Korea
Former governor Bill Richardson and Google chairman Eric Schmidt are in North Korea on a visit described as unhelpful by the US government......
Childcare cost 'impossible' for many
It is "impossible" for some of the UK's poorest families to work their way out of poverty because of high childcare costs, children's charity Bernardo's warns......
Cheap borrowing key, says Cameron
Prime Minister David Cameron says reducing the UK's debts to ensure it can borrow money cheaply remains the government's top priority......
VIDEO: Child benefit changes take effect
More than a million better-off families will lose some or all of their child benefit, under changes which have come into force......
VIDEO: UK losing AAA-rating 'almost guaranteed'
City analyst Louise Cooper said there was a "strong possibility" of a triple-dip recession in the UK, adding it was "almost guaranteed" Britain would lose its AAA-credit rating and could probably drop another notch......
AUDIO: Tax fraud 'doubled in three years'
Simon Bevan, from the business advisory group BDO, says tax fraud is costing the government more than 3 bn every year......
VIDEO: Virgin France to declare insolvency
The company that owns the Virgin Megastore chain in France is expected to formally declare the business insolvent on Monday......
VIDEO: Morrisons 'worst placed of major grocers'
Morrisons "disappointing" Christmas sales reflect its position as probably the "worst placed" of the UK's major grocers, retail consultant Rahul Sharma says......
AUDIO: IMF 'have learnt lessons of austerity'
The International Monetary Fund's top economist, Olivier Blanchard, has acknowledged that the fund blew its forecasts for Greece and other European economies because it did not fully understand how government austerity efforts would undermine economi.....
VIDEO: Flexible Basel rules 'very good news'
The move by regulators to ease the minimum quantities of cash and assets all banks must hold is "very good news", says Arjuna Mahendran of HSBC Private Bank......
VIDEO: Sheffield's stainless steel legacy
Sheffield cutlery-makers are still producing stainless steel utensils in the same workshop where the alloy was first used......
In pictures: Sporting trophy workshop
Where some of sport's biggest trophies are made.....
Bedminster's High Street fights back
Efforts to revive the High Street show results.....
Equity markets stay strong despite economic uncertainty
What's in store for stockmarkets in 2013?.....
Iceland's 'tenacity' lifts economy out of crisis
How did Iceland bring about its remarkable recovery?.....
Tech firms ready for CES 2013 frenzy
Tech firms gear up for the CES showcase in Vegas.....
FACTBOX: The economics of a flu epidemic
Jan 7 - The Center for Disease Control says this is the earliest regular flu season we've had in nearly a decade, and the economic burden from an early epidemic could really add up......
Why earnings won't be about earnings
Jan 07 - As investors prepare for fourth-quarter earnings season, likely cost cutting at Walt Disney could provide a sneak peak of the economic challenges for corporate America both in the past quarter and for the year ahead. Bobbi Rebell reports......
U.S. Day Ahead: You ready for another grim earnings season?
data. But pay special attention to what corporate America says about revenue!.....
Power Player: Brian Moynihan
Jan 07 - Bank of America CEO Brian Moynihan is trying to put the mortgage mess behind the bank, agreeing to at least $11.6 billion in settlements on Monday. Conway G. Gittens reports......
Daily Digit: $8.5 billion
Jan. 07 - 10 big U.S. banks will pay $8.5 billion to end a case-by-case review of foreclosures required by U.S. regulators. Conway G. Gittens reports......
Techquity: Amazon to shine through cloud, says analyst
Jan 7 - Analysts praise Amazon while cutting expectations for Apple......
Bank liquidity rules watered down
Jan.07 - EU banks stocks hit a 17-month high on Monday after regulators backed down on strict liquidity rules in effort to boost growth. Ivor Bennett reports......
Trading at Noon: With mortgage deal BofA moves forward
Jan 7 - BofA signs a $11.6 bln settlement with Fannie Mae, sells $1.8 bln of mortgage assets......
Breakingviews: Wildcatters and code
Jan 7 - Breakingviews columnists dig into the reasons public shareholders sometimes get short shrift in two sectors that seem so dissimilar: oil and technology......
No U-turn on austerity for UK coalition
Jan. 7 - British Prime Minister, David Cameron, and deputy, Nick Clegg, re-affirmed the government's commitment to tackling the UK's deficit, by cutting state spending......
Europe Day Ahead: Samaras hands in homework to Merkel
Jan. 7 - Greeces prime minister travels to Berlin to tell chancellor Angela Merkel what progress hes making on reform, while a slew of euro zone data may fuel hopes that the region is stabilising......
Daily Digit: UK car sales reach pre-2008 high
Jan. 7 - New car registrations jumped 3.7% year on year in December in Britain, beating European counterparts where the market fell 9% last year. Joanne Nicholson reports.....
Power Player: Air Berlin CEO quits
Jan.07 - Hartmut Mehdorn has stepped down as CEO of Air Berlin, passing on the task of bringing Germany's second largest airline back to profit. That may be complicated by the news of further delays to Berlin's long-awaited new airport. Joanna Partri.....
Spain health workers protest privatisation
Jan.07 - Thousands of health workers demonstrate in Madrid against the regional government's decision to outsource the management of six hospitals and 27 health centres to private companies. Rough cut (no reporter narration).....
3XSQ: BofA to pay Fannie Mae billions for troubled mortgages
Jan 7 - Bank of America said it will pay $3.6 billion to Fannie Mae to settle claims related to residential mortgage loans for the nine years to the end of 2008......
Breakingviews: Basel rethink boosts bank shares
Jan. 7 - Bank stocks gain on news that global regulators are watering down new capital requirements......
FACTBOX: Japan Inc.'s 100-yen pipe dreams
Jan. 7 - Japan's struggling exporters are hoping to see the yen sink to the triple digits against the dollar. But new leader Shinzo Abe may not have the tools--or the time--to make that fantasy a reality......
Reuters Today: Banks get Basel boost
Jan. 7 - Regulators give banks four more years and greater flexibility to build up their cash buffers......
U.S. Morning Call: "Phablets" to shine at 2013 CES
Jan 7 - The 2013 Consumer Electronics Show will be the launching pad for new gadgets, including newer versions of what are known as "phablets".....
Market Pulse: French, German banks get Basel break
senior banking correspondent Steve Slater......
Fashion designer missing
Jan. 6 - A search is underway off Venezuela after a plane carrying fashion designer Vittorio Missoni and five other people vanished. Paul Chapman reports......
New Look reports strong sales growth over Christmas
Beleagured high street retailer New Look has reported strong sales growth over Christmas, suggesting that the debt-laden chain could be on the path to recovery.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2748.....
Sterling crisis looms as UK current account deficit balloons
Is the UK heading for a currency crisis?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2748712e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/153442924972/u/3/f/568300/c/32.....
FTSE 100 falls for the first time in 2013
Profit-taking saw the benchmark index slip back in trading today.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2748712f/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15344.....
Balfour Beatty chief Ian Tyler steps down after profit warning
Balfour Beatty's long-standing chief executive, Ian Tyler, is to step down just two months after the construction and infrastructure giant issued a surprise profit warning.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Three years of flat profits at Morrisons will test Dalton Philips' need for Ant and Dec
Nobody does consolation quite like Ant and Dec. The identikit Geordies are masters of the arm round the shoulder just as the blubbing contestant gets booted off Britain's Got Talent - beaten by Pudsey, the demented dancing dog.<img width='1' heigh.....
Troubleshooters lined up to avert another West Coast rail fiasco
Rail experts from the private sector will be drafted into the Department for Transport to avoid a repeat of the "very damaging" and "serious" West Coast Main Line scandal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56.....
Morrisons' online dilemma becomes clear after Christmas turkey
Dalton Philips has faced a dilemma as chief executive of Wm Morrison since taking over from Marc Bolland in 2010. Does he take the traditional Bradford-based supermarket into online retailing?<img width='1' height='1' src='http://telegraph.feedspo.....
Bank shares rise after relaxation of liquidity rules
Banks shares have risen as investors expressed relief at the decision by the world's major central banks and regulators to relax the new industry-wide liquidity rules.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Morrisons prepares to sell food online after Christmas sales slump
WM Morrison, Britain's fourth biggest supermarket group, is preparing to start selling food online for the first time after a slump in sales over Christmas<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2747dc68/.....
Morrisons prepares to sell food online after Christmas sales slump
WM Morrison, Britain's fourth biggest supermarket group, is preparing to start selling food online for the first time after a slump in sales over Christmas<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2747dc69/.....
City jobs numbers hit eight-year low
The scale of the City's demise has been laid bare by figures that show the number of frontline workers in the banking industry has fallen to an eight-year low.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2747d.....
CES 2013: OLED TVs to finally go on sale
A new generation of televisions that features larger screens and higher resolutions will finally go on sale this year, with troubled manufacturers including Sharp and Panasonic hoping to encourage consumers to upgrade.<img width='1' height='1' src.....
Union support for British Gas boss
The controversy over the impending departure of British Gas boss Phil Bentley has intensified after the main union representing workers voiced its support of the outgoing executive.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Ladbrokes nears deal with Betdaq
Ladbrokes has entered the final furlong in protracted talks to buy Betdaq, the betting exchange, as the bookmaker's chief executive Richard Glynn makes a fifth attempt to boost its laggard online business.<img width='1' height='1' src='http://tele.....
Record Christmas for House of Fraser
A rush for handbags and shoes helped House of Fraser enjoy a record Christmas with like-for-like sales up 6.3pc over the six-week festive shopping period.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2747cf8f/m.....
US banks pay billions to settle mortgage allegations
Ten mortgage providers are to pay $8.5bn (5.3bn) to settle allegations of improperly foreclosing on millions of homeowners following the credit crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/274762cc/mf.g.....
Banks agree to pay $8.5bn over foreclosures
Ten mortgage providers are to pay $8.5bn (5.3bn) to settle allegations of improperly foreclosing on millions of homeowners following the credit crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2746ec54/mf.g.....
Miner sees 9pc share price fall on fake press release
Environmental campaigners spark 9pc dive in share price of Australian miner.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/274762cd/mf.gif' border='0'/>.....
Savings accounts with laughable names
Including the "Extra High Interest" account that pays just 0.1pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27475bc9/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/15344.....
Sony reunites with BMG for Parlophone bid
Sony is reuniting with BMG to make a joint bid for a slew of EMI music labels including Parlophone, the prestigious British label with Kylie Minogue, Blur and Coldplay on its books.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
More lenders cut mortgage rates
BM Solutions, Accord and Leeds and Cambridge building societies have become the latest lenders to cut the rates on their mortgages.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27465807/mf.gif' border='0'/>&.....
Sterling faces destructive 'triple cocktail' in 2013 - HSBC
Sterling will weaken this year as Britain faces a potentially testing triple cocktail of destructive factors, says HSBC.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/27462ca3/mf.gif' border='0'/><br/>&.....
New Berlin airport delayed for fourth time
The opening of Berlin's new airport may be postponed for a fourth time, marking the latest delay in a project that has turned into an embarrassment for a country that prides itself on efficiency and punctuality.<img width='1' height='1' src='http:.....
Bank of America in $10bn mortgage settlement
Bank of America has reached a settlement with Fannie Mae on residential mortgage loans sold by the bank and its Countrywide unit to the agency ahead of the US 2008 financial crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/.....
Pearson to close apprenticeship unit putting 500 jobs at risk
Financial Times owner Pearson is to close the UK-based apprenticeship business it bought less than three years ago, taking a 120m hit and putting 500 jobs at risk in the process.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/327.....
