BUSINESS

Sale of 500,000 barrels a day can pull down global oil prices by about $12 per barrel.

Citi was planning to buy back $6.4bn of shares by the beginning of 2015 and increase dividends by 5%.

Exclusive: Firebrand businesswoman tells us the 'real reasons' why more women aren't in senior positions

Demos says that each British household faces £200 worth of hidden debt.

KFC announced menu revamp and enhanced marketing strategy in China.

The FPC expressed concern that investors may currently have a false sense of security that interest rates will not return to normal levels.

Higher inflation in Australia is outpacing cost of living increases in biggest developed economies, according to Bloomberg.

One manager and one trader allegedly sought to rig rates over a two year period

Scots say Osborne is not being sincere about ruling out a currency union between an independent Scotland and the UK.

Target failed to isolate its most sensitive network assets.

Ukraine's PM says the country's economy will shrink 10% and default in 2014 if IMF reforms aren't adopted.

Jiangsu Sheyang Rural Commercial Bank and Rural Commercial Bank of Huanghai suffer bank runs.

Those in London and the Midlands (7%) said that they actually view sales in a more positive light.

FHFA settlement is expected to reduce bank's first-quarter income by approximately $3.7bn.

Energy giant responds to the triple regulator anti-trust investigation

Nigel Wilson, chief executive of L&G, expects to see more cash being taken out of pension pots after the reforms.

Excessive investment in the property sector has increased risk of boom and bust in UK, says Lord Turner.

YouGov/Cebrs says there is still an air of caution among older consumers.

Russian businesses and politicians seem confident that Russia has weathered the storm but is their self-assured swagger actually misguided complacency?

Britain's Secretary of State for Energy and Climate Change welcomes the energy price hike investigation

Energy giant responds to the triple regulator anti-trust investigation.

Goldman Sachs, Liberum and HSBC cut back on SSE share target price

Competition and Markets Authority will investigate SSE, Scottish Power, Centrica, npower, E.on and EDF.

Onur Sert and three unnamed traders have allegedly been sent home

Asia leads the way in world's top airports with Heathrow scraping in at No 10 to fly flag for UK.

Father and son reunited in business a decade after media mogul's eldest son quit

IG says Ashes victories can act as powerful boost to risk appetite

Rothschild accused Indonesian businessman Nirwan Bakrie of being an "evil genius".

The ABI says pension and annuity providers were given no advanced warning of the government's radical reforms.