BUSINESS

Michael Coscia fined $903,176 for using algorithm to manipulate commodities markets.

Leading UK tax reform campaigner Richard Murphy tells IBTimes UK G20 is committed to moving in right direction - but it's not enough.

HSBC's head of UK trade says businesses settling in the Chinese currency are saving money

A well-regulated financial services sector could boost economic growth by 2-3% by 2020, says PwC

Legal & General report shows short gap between savings running out and financial reliance on benefits, family and friends.

National Housing Federation points to millennium baby boom for impending housing crisis

Britain has 270,000 digital companies in the UK, according to NIESR.

Rising electricity consumption, including by services sector, to drive Chinese economy

Deutsche Bank to prune its balance sheet by 20% and reach 3% equity loan ratio

AstraZeneca employee questioned in Shanghai as Chinese authorities crack down on pharmaceutical sector.

JPM tipped to part with an extra $200m in unpaid claims from electricity buyers in California

Portuguese President backs fragile coalition government to keep country's bailout on track.

GSK CEO Witty to reveal action against bribery scandal that has rocked pharmaceutical giants.

Amount paid to shareholders reaches record level but underlying dividend growth is slowing.

China's decision to liberalise interest rates sparks selling in bank stocks

A senior executive from GlaxoSmithKline (GSK) told Chinese police the British drug-maker will reform its business in the country in the wake of a bribery scandal, China's Ministry of Public Security said on Monday (July 22).

Two US senators ask US President Barack Obama to consider all options to get custody of Snowden.

Offer includes a product switch but final amount is subject to change

BioWare Montreal development team hints at new, exciting storyline without Commander Shepard.

Demand rising in China and Japan while curbs in India cut buying.

Qihoo, listed in US, and Sogu are China's second and third biggest search engines.

Barring China and Australia, markets across Asia finish week higher.

China allows banks to set their own lending rates as part of its restructuring efforts.

Sainsbury's alone sells 600% more disposable BBQs but not all retailers bask in hot weather sales.

First quarter sales slump as second quarter service revenue is forecast to also drop

Andrew Murphy named as UK China Visa Alliance chairman, a group working to ease visa restrictions to Chinese nationals

Cypriot government tries to draw long-term investors back with income tax exemption.

As a result of the deal, the DGF will hold a 26% stake in NCG Banco and 32.5% of Catalunya Banc.

Watchdogs visits UCB office in China to check on compliance procedures.