BUSINESS

Bloomberg News Division Lays Off Roughly 2% of Workforce.

Hong Kong's Hang Seng index finishes 628 points higher.

European financial sector failed to close enough banks, says European Banking Authority chief.

1HQ chief talks to IBTimes UK about developing branding for M&S, Tesco, Cadbury, Nestle and Nokia

Insurance losses, calculated by AIR Worldwide, relatively low because devastated area largely uncovered.

Fed Chief Ben Bernanke will speak on 19 December.

Energy giant restarts unit of oil refinery in Canada in oil rich province Alberta.

Deputy Prime Minister Nick Clegg talks about the importance of vocational skills and qualifications at The Skills Show, the UK's largest skills and careers event held at the NEC in Birmingham.

Tunisia is feeling a wave of unrest ripple through its country as a spate of suicide bombings and attempted terrorist attacks has threatened to undo fragile stability created from the Arab Spring two years ago.

Rightmove report also finds one in four consumers do not know what the Help to Buy scheme is.

One of the 'Big Six' seeks millions in refunds in legal battle.

Foreign firms reluctant to continue buying American products.

Garfield jumps away from telecoms to the water utility company.

HSBC Global Asset Management says reforms have reinforced confidence in the country's economic plan.

Embattled part-state owned bank agrees to sell fund management arm to Aberdeen Asset Management

Quest Diagnostics shows workers may have gotten more sophisticated when it comes to passing drug tests

US Senate could vote on Fed Vice Chair Janet Yellen's nomination next week.

Leading UK snacks manufacturer Burton's Biscuit Company set to announce £350m sale to Canadian investor.

Deal not linked to $13bn tentative settlement struck with US Department of Justice.

Brent draws support from Libya outage and Janet Yellen's dovish stance.

Analysts are divided over the duration of the Janet Yellen-sparked bullion rally.

Independent Scotland would have more powers to tackle inequality 'but might be hampered by globalisation'.

Former JPMorgan trader Martin-Artajo faces US fraud charges along with ex-colleague Julien Grout.

Yellen faces questions on QE and a possible housing bubble during her senate testimony.

Exclusive: IBTimes can reveal that a trade union negotiator has been suspended.

MPS has to carry out a €2.5bn stock sale in 2014 to avoid nationalisation.

The Scottish Affairs Committee has delivered a damning report about Scottish government's White Paper on independence.

M&S and John Lewis garment producer's Mhedbi Mohsen says Bangladesh Rana Plaza Disaster has brought in new customers

Beijing focuses on property, welfare and tax and also tipped to abolish Labour camps after four-day summit.