BUSINESS

Josef Ackermann described as both most powerful and most dangerous banker in the world.

Dutch foundation moves in as majority shareholder and demands better price for deal from Movil.

Josef Ackermann resigned as Zurich Insurance Group's chairman over Wauthier's apparent suicide, but denies any responsibility for death.

Cash-rich Vodafone an attractive target for the US phone giant AT&T.

Eurozone's unemployment rate remains at 12.1%, though state-by-state disparities exist.

Manmohan Singh tells parliament fundamentals of Asia's third largest economy remain strong.

Hermes' net profit rose by 13.9% in the first-half after solid sales rises across all its business regions.

Switzerland has more than $2tn of foreign deposits in its banks because of secrecy laws.

Nationwide House Price Index lifts 3.5% on year during August as demand still outstrips supply.

Indian Prime Minister Manmohan Singh sought to soothe worries about the Indian economy on Friday (August 30), telling parliament that the crashing value of the rupee was part of a needed adjustment.

Sinopec to buy a third of Apache's Egypt business in deal worth $3.1bn.

Britain's benchmark FTSE 100 index opened 0.2% higher

Japan is benefiting from improved domestic demand while external conditions remain tough.

British Chambers of Commerce lifts 2013 UK growth forecast to 1.3% as service sector booms.

David Cameron losing parliamentary vote on Syria stuns US.

Investigation finds spreadsheet linking bank's appointments to specific deals.

Brokerage firm Merrill Lynch has agreed to pay out in racial discrimination case.

Inflation at 1.6% for August as jobless levels increased to 2.95 million.

Fast food workers in US cities walk out in row over doubling minimum wage.

Department of Commerce's Bureau of Economic Analysis revises up Q2 GDP growth to 2.5%.

Ackermann said Wauthier's family believe he is partly responsible for suicide "as unfounded as any allegations might be".

Carrefour's sales rose in France and Asia but declined in other parts of Europe.

Vodafone could exit its US joint venture in a deal worth $130bn.

Serco shares fell 14.43% as police investigate allegations of fraud related to prison transfers contract.

Markit's August retail PMI shows eurozone healing after exit from recession in second quarter.

WPP chief Martin Sorrell criticises rivals' Omnicom-Publicis merger over "clunky" structure and organisation.

BDRC Continental's SME Finance Monitor reports growing optimism among SMEs about year ahead.

Australia's largest airline returns to profit with A$6m posting.

Market participants to track speeches by US Federal Reserve presidents against backdrop of Syria uncertainty.