ECONOMY

ADB cuts forecast for developing Asia as global economic slowdown threatens to hamper growth.

National Audit Office says taxpayers will shoulder 'significant cost' of collapse of franchise deal.

US District Court Judge Lucy Koh says it is time for ‘global peace’.

Investors who missed out on oversubscribed IPO grab PICC shares.

Three former employees tell US regulators enromous derivatives position deliberately undervalued.

Coffee chain Starbucks under intense public and political pressure to pay more tax in UK amid accusations of avoidance.

Martin Cole believes the tax avoidance secrets of companies such as Starbucks and Amazon betray the pointlessness of the European Union.

Exports surplus in decline but goods trade deficit narrowing reports Office for National Statistics.

George Osborne undermined by rating agency warning that failure to meet debt reduction targets jeopardises AAA status.

Despite increase in revenue, Mulberry reports a 36% fall in pre-tax profit due to higher operating costs that cut profit margin.

Sir Philip Green sells 25 percent stake to US private equity firm Leonard Green & Partners to fund overseas expansion.

Starbucks has agreed to annually pay around £10m in corporation tax for the next two years after striking a deal with the HMRC.

Engine-maker Rolls Royce says company and individual employees may be prosecuted as result of SFO investigation.

Payment to settle claims that bank violated US curbs on Iran.

HSBC said to be in talks with US law-enforcement agencies over money-laundering claims.

Australia's jobless rates drop to 5.2 percent in November, boosting sentiments after slowdown in economy.

By making guarantees linked to events he cannot control Chancellor George Osborne is the author of his own misfortune.

Citigroup reveals it is slashing 11,000 positions, in a bid to reduce expenses and 'improve efficiency'

UK regulator unveils proposed changes to regulation and supervision of benchmark interbank lending rate.

Transparency International's Corruption Perceptions Index places Greece 94th, below Bulgaria and Romania and the bottom spot in EU.

November PMI reading for UK service sector paints worrying economic picture ahead of Christmas.

Arcadia Group billionaire reportedly selling 25% of Topshop in bid to expand in US and China.

Tesco shares leap after launch of 'strategic review' of loss-making Fresh & Easy retail chain.

Thai billionaire Dhanin Chearavanont buys HSBC's 15.7 percent stake in China's second-largest insurance group

China's services PMI fell to 52.1 in November from 53.5 recorded for October, a second straight month of decline, indicating slow pace of growth in the world's second largest economy.

We're not cutting the deficit fast enough and we need to do more. There's 'no miracle cure' to fix our economic ills.

The UK's November shop price inflation remains at 1.5 percent while food prices rise to 4.6 percent.

The country's economic growth slows on a sequential as well as year-over-year basis in the third quarter contributed by government spending cuts and lower demand from China.

ONS data shows fuel and power only area of household spending to have gone up between 2006 and 2011.