BUSINESS

UBS expects to exercise option to acquire SNB StabFund's equity in fourth quarter.

Barclays already has £850m set aside for compensating victims of interest rate hedging product mis-sales

US Federal Reserve's policy decision due on Wednesday.

Bank offers shares at massive 40% discount after capital shortfall triggered by new UK regulatory demands.

Industrial production declined 3.3% in June from the previous month, but is expected to pick up in next month.

Europe's largest low-cost airline says full-year guidance remains unchanged

London Central Portfolio claims UK economy would lose billions if foreign investment in London property is tapered.

Letta says there were 'serious mistakes made by Europe in the past few years'

Radical reforms, such as full interest rate liberalisation, could be introduced in October.

Rio Tinto to sell majority of stakes as a part of its cost-cutting initiative.

Average house price rose 0.3% in July, down from 0.4% in June, according to Hometrack.

Bank to report bumper profits as it gets closer to privatisation.

Sports retailer criticised over use of 'zero hours' contracts which leave staff in weekly uncertainty over shifts and pay.

In open letter to oil minister, Prince Alwaleed voices alarm at "clear and continuous decline" in demand for oil.

Investors cautious over the bank's results announcement.

Bechtel, Aecom and Siemens among those involved with $22.5bn Riyadh metro rail system.

Bank will add more to provision pot for raft of mis-selling issues, says Sky News.

Job creation by startups at same levels as before financial crisis.

Deal designed to reduce buyer's tax burden.

Bank of Japan governor said sales tax rate increase would ensure fiscal discipline amid aggressive monetary measures.

Bank of England, US Fed and ECB to announce interest rate decisions.

UK Treasury to help the Serious Fraud Office to investigate the bank and its fundraising during credit crisis

Market awaits clarity from Federal Reserve chairman Ben Bernanke over US quantitative easing.

Siemens Chief Executive Peter Loescher is to leave the company, four years before the end of his contract, after the German engineering group this week issued its second profit warning this year.

A previously unseen portrait and short film of Nelson Mandela was released today as part of a new series: 21 ICONS South Africa.

Daniel Stewart's chief economist guides us through the week ahead for central bank meetings and economic data

A round up of the Asian markets.

Giovanni Mazzacurati steps down after being accused of bribing politicians and party officials.

Publicis Groupe and US company Omnicom Group have agreed to merge in an all-stock transaction to create the world's largest advertising company with $23 billion in revenue, toppling market leader WPP off the number one spot.