BUSINESS

Former oil executive begs for moral obligation to factor into setting prices

Markit Household Index data shows higher energy bills and lower pay is eating into consumer spending

Bill and Melinda Gates' foundation is battling to convince politicians and the public to focus on philanthropy and entrepreneurship after the economic downturn had a detrimental impact of people parting with their money.

Speaking to IBTimes UK on camera, the research and consultancy group Isaca chief executive Ronald Hale said that while initially cyber criminals targeted the banks, it is now a free-for-all in terms of victims.

Almost 50 children are racially bullied in school every day.

Reports say JPM has struck deal with US Department of Justice but remains open to criminal liability.

German food manufacturer profited from relationship with Adolf Hitler.

Two banks valued postal company at £5bn in June.

Investors to track HSBC China PMI data due on 24 October.

US crude oil stocks up 5.9 million barrels in the week ended 12 October.

Prices jumped 3% on 17 October, after the debt ceiling deal.

Government will not sell its 81% holding in RBS until after next general election, Osborne tells the Daily Telegraph.

State-owned firms that dominate Chinese economy recorded 10.5% increase in profits for first three quarters of 2013.

Deputy Governor of the Bank of England says an open world economy is dependent on good regulation across all borders.

Ceta will boost boost bilateral trade by 23% between EU and Canada.

Current pension system in world's most populous nation could face a 68.2tn yuan shortfall by 2033.

Cable writes to MPs defending 330p offer price taken after advice taken from investment banks.

Curbing bonuses doesn't mean less cash is being paid out, it means salaries are rising

Government wants firms to invest in technology and raise salaries.

Royal Mail stock has soared by as much as 51% on the government's offer price of 330p.

The Bank of England's third quarter Trends in Lending survey reported a 4.5% increase in consumer credit card lending.

Barclays is battling fresh Libor fixing evidence in court after Guardian Care Homes, which is seeking an invalidation of complex derivative products it was sold to by the bank, takes it to an appeals court.

Botin eyes profit goal through organic growth of Santander's US business.

Chicago Fed President Charles Evans said central bank will need more meetings to decide on stimulus tapering.

China's economy grew 7.8% in the third quarter, the fastest pace this year.

Barack Obama launches fierce attack on Tea Party Republicans over budget battle

Former Madoff staff on trial over alleged roles in Ponzi scheme 'did not want to question anything he did' claims lawyer.

But software firm Sage says UK SMEs are among the most risk-averse in the world.

HSBC pledges to fight the bumper judgment relating to a unit it bought before the financial crisis