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Mis-Selling Derivatives Scandal: Banks Pay Only £158m in Redress for 1,000 Victims

Mis-Selling Derivatives: Banks Pay Only £158m in Redress for 1,040 Victims

The FCA reveals the latest progress report on banks reviewing interest rate swap agreement sales.

China Overtakes US with $4tn in Trading

Growing business ties with emerging markets have helped world's second largest economy.

Greggs Eyes 410 Job Losses as Christmas Sales Up 3.1% on Last year

The firm says the cost reduction would be £6m per year from mid-2015.

Greek Unemployment Rises to New Record High of 27.8%

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Sugar Tax: Why Punishing Junk Food Munchers Assaults Personal Freedom

There are more calls for a sugar tax which would attack people for making reasonable choices that the state doesn't approve of.

EU Clears Omnicom and Publicis' World's Largest Advertising Company Merger

European Union antitrust regulators clear the $35bn merger that was announced last year

India Seeking Foreign Investments To Modernise Outdated Rail Network

Reform could attract $10bn in foreign investments over five years.

Cambodia: Walmart, Nike Slammed over Garment Workers Deaths Silence

Human rights activists criticise US giants after police opened fire on striking workers.

'Vital Jobs' Lost as Local Authorities in England Slashed £11bn from Budgets

Unison says the "worst is yet to come" following the spending round in 2013.

LinkedIn Sues Hackers for Using Amazon Cloud Platform To Make Fake Profiles

LinkedIn sues hackers for using Amazon AWS cloud platform to create fake member accounts.

Kate Middleton's Birthday: Business and Brand of the Duchess of Cambridge

From eyebrow kits to hockey sticks, Kate Middleton brings in wads of cash for brands

China Inflation Drops to 7-Month Low in December

World's second-largest economy weakens end of 2013.

Bob Diamond's Foundation Pockets £900,000 from Buoyant Barclays Shares

The Diamond Family Foundation reaps rewards of owning around 1.2 million shares in Barclays.

Food Prices: Sugar Plummets as Dairy Hits All-Time High in 2013

United Nations Food and Agriculture Organisation reveals food price index results for 2013.

Greek Unemployment Rate Climbs to Record High as Eurozone Jobless Holds

ELSTAT says there were 1.3 million out of work in Greece in October.

Moody's Downgrades Qantas Debt to Junk

Qantas Airways struggling to compete with Virgin in Australia.

Singapore Taxes Certain Bitcoin Transactions

Gains from long-term investment in Bitcoins are not taxable, according to Inland Revenue Authority of Singapore (IRAS).

UK Trade Deficit Widens for Goods Despite Manufacturing Surge

British manufacturers recovering in 2013, but goods exports remain sluggish.

Over Third of Financial Services Chiefs Support Jailing Reckless Bankers

More than 35% of global financial services professionals believe in criminal liability for reckless staff

Microsoft Search For New CEO Shifts Focus to Internal Candidates

Microsoft search to replace Steve Ballmer could be completed by February, as focus made on internal candidates.

Ladbrokes and William Hill Shares Fall as Cameron Pledges Action on 'Crack Cocaine' Betting Machines

Fixed-odds betting terminals enable gamblers to spend up to £300 in a minute.

Profitability of Non-Financial UK Companies Increased in Third Quarter 2013

ONS says profits of non-financial companies up 3.6% in current prices during third quarter of 2013.

Food and Beverage Giants Slash Billions of Calories in US Products to Tackle Obesity

The Overseas Development Institute data shows one in three people worldwide was now overweight

New Look Sales Lift Over Christmas

Online sales were up 62%, with a quarter of customers choosing to click and collect.

India Lifts Gold Loan Values to Cash in on Jewellery

RBI raised LTV ratio for gold loan companies to 75% from 60%.

However, Standard Chartered's chief financial officer Richard Meddings says headcount is down by about 2,000 from a year ago. (Photo: Reuters)

Standard Chartered Surprises Market with CFO Richard Meddings Exit

Meddings was seen as the front-runner to succeed Chief Executive Peter Sands

British Recruitment Giant Hays Fees Rise as Job Market Picks Up

The firm says it grew 10% in the UK and Ireland, driven by an improving private sector.

Chinese Cities to Curb New Vehicle Sales to Combat Pollution

Vehicle sales race past 20 million in 2013 as smog throttles several Chinese cities.

Morrisons Shares Tumble on Gloomy Christmas Trading

Morrisons blames falling consumer incomes and lack of exposure to growing online and convenience markets.

Italy's Main Coalition Partner Calls to Loosen Hiring Laws as Jobless Rate Hits 37-Year High

Matteo Renzi, leader of the centre-left Democratic Party, wants to reduce company costs.

Tesco Hit by Heavy Drop in Sales on Tough Christmas Season

The world's third biggest retailer posted another heavy drop in underlying sales in its British market.

M&S Chief Marc Bolland Under Pressure as Clothing Sales Fall for 10th Quarter

Bolland says company's step-by-step approach to improve general merchandise sales is working.

Novartis Faces Criminal Complaint in Japan Over Exaggerated Advertising of Hypertension Drug

Japan's health ministry sued Novartis for using manipulated data in marketing Diovan.

Polar Vortex to Cost US Economy $5bn

Vast areas of Canada and the US have been subjected sub-zero conditions

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