ECONOMY

Bundesbank launches DB probe over mis-valued credit derivatives that allowed the lender to hide over €9bn worth of losses

BoJ unveils aggressive monetary policies in its latest meeting as expected by the market.

On 22 March 2013, two days after Chancellor of the Exchequer George Osborne delivered his 2013 Budget Address to the House of Commons, Fitch Ratings agency placed the UK's "AAA" Long-term Issuer Default Ratings (IDR) on Rating Watch Negative (RWN). The agency stated that it was more than likely that by the end of April 2013, by which time the agency will have made a full review of the UK's sovereign ratings, it is more than likely that the UK will be downgraded.

EU fix of Cyprus bailout sacrificed ordinary savers and rich Russians to German elector sentiment, argues James Pollock.

RBOS Shareholder Action Group opens proceedings against former executives and the bank.

Bank of England credit conditions survey shows availability and demand fell at smaller firms in the first quarter.

Review of business practices says transforming Barclays could unearth more legacy issues.

Purchasing managers survey for UK construction sector shows rate of output decline slowing in March from previous month's 40-month low.

Tax will cost Britain billions and distort competition despite not joining other EU countries imposing levy.

BRC attributed the price growth to sterling's weakness that affected the prices of imports.

Activity in the Chinese non-manufacturing sector rises in line with the ongoing economic rebound.

Australian trade deficit shrinks to 14-month low in February on improved earnings from resource exports.

More than 700 cases of fraudulent activity determined since start of economic crisis, says Ernst & Young.

Michael Sarris leaves post after only five weeks following the island's €10bn Torika-led bailout

Vodafone stock price soars on renewed speculation that Verizon and AT&T are sealing a takeover deal

Spain's jobless rate fell by 0.1 percent in March from a month earlier, or by 4,979 people, leaving 5.04 million people out of work, data from the Labour Ministry showed on Tuesday (April 2nd).

Bank of England data shows February credit decline despite Funding for Lending Scheme.

Britain's manufacturing sector saw decline ease in March according to purchasing managers survey.

Citigroup and shareholders forced to revisit settlement amount and allocation.

UK's financial sector expected to add 4000 jobs in first half of year.

Service export orders and record high deliveries helped UK avert triple-dip recession.

Bank of Japan's quarterly Tankan survey index shows business sentiments at -8 in March, up from -12 in December.

Novartis' Glivec contains known substance and lacks genuine inventions, rules court.

China's official Purchasing Managers Index rises to its highest level in 11 months, but misses analysts' estimates.

David and Victoria Beckham are selling their Hertfordshire property, which has been valued at £18m.

The explosion happened in a mine in the northeast of the country, state media have confirmed.

Capital controls to continue for longer belying earlier expectations.

Japan's industrial output falls 0.1 percent during the month while core CPI declines 0.3 percent year-on-year.

IBTimes UK speaks to MPs, experts and lobby groups about one of the biggest scandals to hit UK businesses