BUSINESS

Stocks edge lower in the opening minutes of trade as renewed concerns on US budget negotiations dampened sentiments.

Intercontinental Exchange to pay $33 a share approach in second attempt to take over NYSE Euronext.

Shares tumble 11 percent on Japanese carmaker's announcement of recall of 1.2 million cars.

The BBC has been criticised by the Commons Public Accounts Committee and MP's over its excessive pay-out to former BBC director general George Entwistle - who quit in the wake of the Jimmy Savile scandal – saying it was a "cavalier" use of money.

Following the Sandy Hook shooting in Connecticut, all eyes are on President Obama to try and tackle gun legislation particularly the sale of military style assault weapons and ammunition.

We take a look back at Zynga's annus horribilis

The zombies of financial orgies past include Citi, Bank of America, Merrill Lynch, Bear Sterns, AIG and Countrywide.

US Department of Justice announces charges after UBS slapped with $1.5bn fine for manipluating Libor.

IMRG Capgemini's monthly e-Retail Sales Index reported highest-ever sales value in November.

Mark Carney will earn £874,000 a year on Threadneedle Street in the City of London.

Deutsche Bank, JP Morgan, UBS and Depfa Bank guilty of mis-selling swap to Milan city council in landmark case.

Although UBS settled for a record $1.5bn fine and admitted to fraud, Switzerland's biggest bank faces a huge task in reforming its tattered reputation.

Home improvement retail group Kingfisher's chief operating officer Euan Sutherland was appointed the chief executive of the Co-operative Group.

Nick Polland, head of the inquiry into Newsnight and the BBC

Global economic slowdown and European debt crisis remain to be major concerns affecting the business sentiments of top companies in the Asian region.

Minutes from latest Bank of England MPC meeting also shows policymakers think inflation will be above target for most of 2013.

Key reading of German business sentiment rebounds from 2.5 year low in October with second consecutive monthly increase.

Nissan investment of £250m in Sunderland plant to create hundreds of new jobs in the factory and among suppliers.

FSA levies record £160m fine and says at least 45 traders and managers involved in global interbank lending scandal

The CEO of Photo-sharing site Instagram has said that is has no plans to sell users photos. In a blog post Kevin Systrom said that it apologised for confusing users with its update to its terms and conditions yesterday.

S&P upgrades Greece's credit rating on the basis of the Europe's efforts to retain Greece's eurozone membership.

Domestic demand expected to boost growth in East Asia and Pacific region despite weak global economy.

The Swiss bank UBS has agreed to pay around $1.5 billion to settle charges that a group of traders at its Japanese unit rigged Libor interest rates.

Gothenburg's Plusgymnasiet high school students angered by Instagram 'name and shame' account.

Bank of American Merrill Lynch survey shows investors increasingly optimistic about global recovery and China growth potential.

Porn kingpin accused of dodging tax by paying actors through subsidiary firm.

Analysis of cost of festive dinner shows turkey and trimmings more expensive - as are gifts in 12 Days of Christmas.

Photo-sharing site Instagram has changed its privacy policy giving it the right to share users photos without offering any notification. Users will not be able to opt out of the policy unless they delete their accounts by the 16 January deadline.

With inflation expected to ease, Reserve Bank of India will focus on growth.