ECONOMY

Europe's biggest bank says full year profits fell 6 percent to $20.6bn after it set aside $1.4bn in UK PPI costs and paid $1.9bn in money laundering fines.

The UK property market conditions are boosted by higher house prices in London and Southern England , says Hometrack.

One flight a day to emerging markets could boost UK's trade by about £1bn a year, says CBI.

South Korea's inflation rate falls on weak domestic consumption and strong currency.

A meeting between Obama and congressional leaders fails to avert $85bn spending cuts, which could harm US and global economy.

Asian stocks advanced this week as Japan's central bank chief nomination cheered investors despite European and US concerns

IBTimes TV's daily 'Market Briefing' report with European Business Editor Martin Baccardax

Guido Ghisolfi says the industry has learned from the past mistakes and has proven economic sustainability with new technology

What you think you know about the "bonus culture" is probably wrong. And so is the EU's attempt to control it.

Bank of England data also shows mortgage approvals dropping to below the monthly average in January.

Markit's UK manufacturing sector PMI survey reveals renewed slump for industry.

Housing sector experiencing gradual recovery helped by improvement in job market.

Markets open lower as traders consider US spending cut talks and disappointing China manufacturing data.

January retail sales in German grow by 3.1 percent on December, reports Federal Statistics Office.

State-controlled lender earmarks £3.75bn to repay customers mis-sold payment protection insurance.

China's official and HSBC manufacturing PMI down in February.

Congress adjourns without final decision on $85bn (£56bn) spending cuts.

Consumer prices continued to decline in January, making its difficult for Japan to reach its 2 percent inflation target in the near future.

A purge of pinstripes might sort out some of Britain's toughest social problems, says IBTimes managing editor Julian Kossoff.

British taxpayers would be much better off taking a multi-year view of their 82 percent stake now that the banking game has changed so much.

More money to be spent on infrastructure projects and rural schemes.

The main unit at TNK-BP which is being taken over by Russia’s Rosneft posted a 13% drop in profits

Poll reveals extent of pessimism over state of UK economy within days of AAA credit rating downgrade.

Workers in London's Canary Wharf, home to many global banks, slammed EU plans to cap bankers' bonuses, following agreement in Brussels on Thursday to introduce what would be the world's strictest pay curbs.

PAC finds defence ministry spent £1.5bn on raw materials and consumables in 2012, more than actually needed.

Stephen Hester CEO says RBS has likely mis-sold less interest rate hedging products to SMEs than FSA Pilot Findings

Man Group, the hedge fund manager, said its funds under management had fallen to $55bn.

Research into Britain's high streets shows 1,779 stores closed nationwide in 2012.

State-owned lender sees operating improvements and fewer charges for bad loans but sets aside £1bn for PPI and derivatives mis-selling.