BUSINESS

Microsoft woke up this morning to headlines saying they had announced the first quarterly loss in its history.

Vodafone's strong performance in emerging markets was weighed down by weak demand in European countries.

Singapore Group denies Daily Telegraph story that Bourse CEOs have had "informal" talks on tie-up after share trading deal.

Loss mainly on account of a multi-billion write-off on the value of its unprofitable online advertising business Aquantive.

The existence of different regulators for Libor is a major obstacle for banks to opt for group settlement.

Bank of England instruct law firm Freshfields Bruckhaus Deringer to advise on issues related to rate-fixing scandal.

Final word on annual assessment of UK economy puts further pressure on Osborne's Plan A.

Eighteen investors in News Corporation have co-signed a letter calling for scandal-mired Rupert Murdoch to stand down as chairman and be replaced by an "independent" successor.

Newscorp Investors unhappy with the scandal surrounding the company have decided to vote with their feet. They sent a co-signed letter to the 80 year old mogul asking him to resign.

Dow Jones reports the temporary European bailout fund will set aside funds for Spanish bond buys

A slight month-on-month rise in UK retails sales volume shows that not even heavy discounting can attract moribund consumers into the shops.

An IBTimes UK exclusive round-up of the most recent policy statements and rate decisions from the world's key central banks

After Barclays became the first bank to settle with US and UK regulators for a record fine for its conviction of manipulating Libor, global officials have called into question the way global interbank lending rates and submitted, calculated and monit

Apple has been ordered by a UK court to publicly acknowledge, both online and in print that Samsung did not copy iPad.

The merits of Libor, and its alternatives, are expected to be discussed by the Economic Consultative Committee on 9 September.

Bank of England Governor Mervyn King to lead discussions with world's central bankers on shut-down of controversial $550tn benchmark

Fair Work Australia has stamped its seal of approval on the planned protest action of teachers and school support staff by the state of Victoria in early September.

A new survey shows the recession is forcing British job-seekers to grab whatever they can, instead of chasing their ideal role.

The European Commission demanded it, and now Lloyds Banking Group has had to comply. It’s having to sell 632 branches of Lloyds TSB and Cheltenham and Gloucester to the Co-operative Banking Group.

Event sees fans thronging to exhibit their talent at some of the popular panels such as Breaking Bad, True Blood, Game of Thrones and Twilight.

Under the UK Guarantees scheme major infrastructure projects struggling to find finance will be underwritten by the government, Chancellor George Osborne said.

Bank of England's monetary policy committee ignores calls from IMF and will not cut rate for months to see if policies working.

Mass Effect fans are in for more good news, as BioWare proposes to focus its future single-player DLCs solely on Shepard.

Credit Suisse reveals plan of attack on cutting costs and boosting capital in its second quarter 2012 earnings report.

Japan's deputy banking minister Ikko Nakatsuka urges country's biggest brokerage to 'clean its wounds' following investigation into trader tip-offs.

The top US bank regulator says it's going to take 'a much more aggressive posture' after it was chastised for failing to monitor HSBC Bank properly.

Bank of England and British Bankers Association failed to act on recommendations of US regulators on Libor manipulation in 2008

It's all somewhat worrying when financial items in much of the world's media refer to "ESM bailout funds" as if the European Stability Mechanism were already well established and operating in Luxembourg. Initially hoped to be up and running by July 2012 after a final draft was agreed by Eurozone leaders in Brussels on 02 February 2012, the ratification process, progressing fairly well up to the Netherland's Queen Beatrix granting Royal Assent on 05 July with formal endorsement on...

David Bagley tells Senate committee he will quit over drugs, Iran and terror links that threatens HSBC charter in US.