BUSINESS

UBS misled investors about a risky mortgage-backed bond transaction in 2007.

TUI Travel posts 3% increase in the operating profit.

Bank of England Governor unleashes forward guidance by tying base rate to unemployment

The UK is lagging when it comes to technological innovation focusing on cost-cutting rather than driving growth.

The Bank of England said on Wednesday (August 7) that it would keep interest rates at 0.5 percent unless inflation threatened to get out of control or there was a danger to financial stability.

Jaspal Bindra says bank mulling over SC Capital and SC Savings Bank sale after pre-tax profits tanked 16%

Financial markets eagerly await BoE Governor Mark Carney's first news conference.

Ben Bernanke may announce a bond buying purchase cut at any of the three FOMC meetings this year.

Wal-Mart plans to expand its business in Asian markets.

Second legal challenge related to metal warehousing in a week.

China has issued record fines of 670 million yuan (108 million U.S. dollars) to six baby formula companies following an anti-trust probe, the country's top economic planner announced Wednesday.

Disney records almost flat net income at $1.85bn as revenues from studio entertainment fell.

Eversheds' head of consumer law details the legal benefits of the new consumer protection regulation

July data shows global economic recovery from the financial crisis is not uniform.

NIESR GDP estimate predicts 0.7% growth in three months to July as service, manufacturing and construction sectors expand.

Greece remains in deflation territory as consumer prices crash.

53% of the senior executives blame economic crisis and political uncertainty for slow-down.

Fitch Ratings casts doubt over effectiveness of Chancellor George Osborne's Help to Buy scheme in boosting housing supply.

Markit Germany Construction PMI declines to 51.5 in July from 54.5 in June.

ABI says insurances companies have processed 2,500 claims. Meanwhile government is criticised for Riot Act compensation

Hellman & Friedman to purchase insurance and brokerage firm Hub for $4.4bn.

ONS: 'no impact' to 0.6% GDP estimate for Q2 as data confirms manufacturing and production output pick up

Emerging markets bank took a one billion dollar hit on the value of its Korean business.

House prices in the three months to July rose 4.6%, compared to a year ago

Greggs said like-for-like sales at its stores were down 2.9%, shaving £4.6m off its pre-tax profit.

UK Asset Resolution repaid nearly £2bn in the first six months of 2013 alone.

Australia is struggling to move away from mining-led growth, prompting the RBA to cut rates.

However, Detroit's emergency manager Kevyn Orr says the city has no plan sell off its 60,000-piece collection.

Australia's central bank cuts cash rate to 2.50%.