ECONOMY

Parliamentary Commission on Banking Standards reveals it will focus on the mis-selling of derivatives to SMEs in 2013

Bounceback GDP reading revised down by ONS as November's public sector borrowing data reveals worsening deficit.

Key Gulf deal comes just days after firm warns of earnings hit linked to Saudi delays on Salam Typhoon deal

Facebook's new move is seen as a way to generate revenue as well as to avoid spamming and unwanted messages.

British defence manufacturer BAE Systems has formally agreed a deal to sell as many as twenty aircraft Oman in a deal worth more than £2.5bn

Republicans call off a vote on "Plan B" to raise taxes on those earning more than £614,000 due to lack of support.

Average cost of renting declines 0.4 percent in November as landlords try to fill vacant properties ahead of Christmas.

The central bank has extended its asset purchase programme by £73bn with a view to keep its borrowing costs down.

ONS reports disappointing retail sales data in the final month before Christmas.

Volumes slow year-on-year as consumers look for more discounts and promotions.

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.

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.

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.

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

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.

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