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Flags of G7

G7 gradually losing its grip as an elite club

Japan, host for the two-day summit, has vowed to take "leadership in guiding the world by showing the best path forward to achieve regional...

India outpace China in 2015 monetary development

In recent history it has been unusual, but not unprecedented, for India to grow faster than China. According to the IMF it happened in 1981,1989,1990...
Mr Strauss-Kahn

Ukraine billionaire employs Strauss-Kahn

Mr Strauss-Kahn resigned as IMF managing director in 2011, after being accused of a rape at a New York hotel - allegations which were...
Russia plans

Russia takes steps to strengthen the rouble

Russia is planning new measures to stabilise the rouble to try to stem its recent slump against the dollar. Its central bank said, if necessary,...
Avon's Chinese subsidiary had paid out $8m in payments to Chinese officials, said the SEC

Avon to pay $135m in fines for bribery

Beauty company Avon has been fined $135m (?87m) by the US Securities and Exchange Commission for paying out bribes and gifts to Chinese officials.   Avon's...
Raising interest rates could slow Russia's economic growth ?

Russia raises her key rate to 17% to check value

Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%. The bank said the move was to...
Mr. Seth Terkper, the Minister of Finance

Gas supply disruptions,others worsen governments obligation

It was the cumulative overrun in the wage bill of over GH?1.9 billion, in addition to over GH?3 billion overrun in arrears for 3...
Protesters packed Rome's San Giovanni square

Labour unions in Italy rise up on job reforms

A mass protest is being held in the Italian capital, Rome, against Prime Minister Matteo Renzi's plans for labour market reform. The turnout for the...
Gross domestic product

UK’s 3rd Quarter GDP Went Up To 0.7%

UK economic growth slowed in the three months to September, with the economy expanding by 0.7%, the Office for National Statistics said. The figure was...
Lloyds operates more than 2,000 branches through its Lloyds Bank, Halifax and Bank of Scotland brands ?

Lloyds To Send Home About 9,000 Workforce

Lloyds Banking Group is planning to cut around 9,000 jobs - around a tenth of its entire workforce - over the next three years,...
finance minister Wolfgang Schaeuble

Schaeuble under pressure to boost infrastructure spending

Germany must increase its investment to improve competitiveness - but not at the expense of higher debt, finance minister Wolfgang Schaeuble has said. His comments,...
The weak eurozone means export prospects look "dreadful", says the EY Item Club

UK export prospects look dreadful

The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said. It...
US banking giants Goldman Sachs and Morgan Stanley have reported contrasting results for the first quarter of the year.

Goldman Sachs net income rise to $2.14bn

Goldman Sachs profits benefited from a 74% jump in bond revenue US investment bank Goldman Sachs has reported a 50% jump in third-quarter profit after...
Google chief executive Eric Schmidt ?

Google miss analyst expectations for revenue

Google has reported third-quarter profits of $2.8bn (?1.7bn), down 5% from the same period a year earlier. That sent shares in the internet giant down...
Prada shares have also lost 30% of their value this year because of weak investor sentiment ?

Miuccia Prada and Patrizio Bertelli are being examined

Prada's two chief executives are being investigated by Italian authorities for possible tax evasion, the company said. Miuccia Prada and Patrizio Bertelli are being examined...

EU and Canada Spell Out Trade Agreement

The European Commission and Canada have unveiled the details of a new trade liberalisation agreement. Under the deal almost all customs tariffs will be eliminated...
Vladimir Yevtushenkov?

Oil Magnet Yevtushenkov Shares Seized

A Russian court has seized shares in a major oil company, Bashneft, whose billionaire owner Vladimir Yevtushenkov is under house arrest. Prosecutors had requested the...
Jack Ma has approached "cult status" in China, says the BBC's Michelle Fleury ?

Alibaba shares make gains on NYSE debut

Alibaba's shares closed significantly above their initial price on the New York Stock Exchange (NYSE) on Friday, a sign of the excitement surrounding the...

Scotland to undergo reforms

Sterling peaked against the euro as early referendum counts emerged The pound has hit a two-year high against the euro and a two-week high against...

Scotland’s Vote Is Crucial To Determining Price Stability

The BBC has learned that key retailers are planning a joint warning of higher business costs should Scotland vote "Yes" as the war of...
John McFarlane has been named as the new chairman of Barclays Bank

McFarlane steps in as Barclays new chairman

The non-executive chairman of insurance giant Aviva will become the chairman of Barclays Bank from April next year. John McFarlane will step down as chairman...
Royal Bank of Scotland confirms it will relocate to London if Scotland votes for independence next week.

RBS to move to London if Scotland gets a yes vote

The bank said in a statement that it believed it would be "necessary to re-domicile the bank's holding company". RBS says it intends to keep...
Mr Michel Sapin

France likely to miss deficit target

France's budget deficit will be around 4.3% of GDP in 2015, missing an earlier target, Mr Sapin said France's finance minister Michel Sapin has said...
Vladimir Putin

Russia To Introduce New Trade Restrictions If

Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, among other things, if the United States and...
oil field

Scotland To Find Ways Of Stimulating Exploration

The?minister for energy said stimulating oil and gas activity to the west of Scotland could create jobs and boost The Scottish government is to team...

Coca-Cola muscles into Monster Beverage

US beverage giant muscles into energy drinks market with Monster stake purchase US drinks giant Coca-Cola has bought a 16.7% stake in Monster Beverage in...

Bribery Scandals: GSK faces charges in Syria

The international pharmaceutical giant GlaxoSmithKline (GSK) is facing new claims it bribed Syrian distributors to increase sales in the country. The claims come from the...

Buzzfeed is “disruptive-Chris Dixon

Internet media company Buzzfeed has received a $50m investment from venture capitalists Andreeson Horowitz. Buzzfeed, which was valued at $850m, says it will use the...
Monte dei Paschi di Siena

Italian bank: MPS reports heavy loss

The world's oldest surviving bank, Monte dei Paschi di Siena (MPS), has reported a bigger-than-expected loss. The Italian bank, which has been in business since...
Fox said revenue from its film division - including the success of its latest X-Men filmed - boosted profits

Fox Abandoned Its Bid Finally

Rupert Murdoch has said that he is "resolute" in his decision to drop a $80bn (?47bn) bid for Time Warner. The comments were made on...