ECONOMY

The Reserve Bank of Australia (RBA) has cut its interest rate to 3 percent following slump in the mining sector and a strong currency.

House rents are expected to go up in 2013 though the average rate of growth has eased about two percent from the 4.5 percent growth rate recorded for the past three years, says Rightmove.

Oil giant BP announces new upstream strategy, including focusing more on oil than gas, amid record settlements with authorities and asset sales.

News Corp being split into separate publishing and entertainment businesses in Rupert Murdoch's shake up of media giant.

Britain should scrap dated, redundant and overly complicated corporation tax rate in favour of reinvestment scheme.

IBTimes UK takes an exclusive look behind the scenes at Cern and peeks into the life of Dr. Barbara Holzer, accelerator physicist in the LHC's nerve centre.

Cyber Monday shoppers to spend 15 million hours online and make 115 million visits, say Experian Hitwise and Visa.

The ratings agency Fitch has said that the long-term growth potential of Indian economy could drop if structural reforms are not pushed through.

Bank of England's credit easing effort lifts bank lending in first two months of scheme.

Manufacturing output still in decline according to latest PMI survey but picture improved markedly across month.

Swiss bank close to becoming second major bank to reach deal with UK and US regulators after Barclays.

Tom Mockridge to leave chief executive role as Murdoch prepares to split News Corp businesses.

Greece's finance ministry hopes to retire as much as €62bn in outstanding debt as Germany hints at possible writeoffs in 2015

Delta Air is said to be bidding for 49% stake as it looks to expand presence in lucrative airport.

Britain must wait longer than expected to achieve its deficit-reduction goals, says Chancellor George Osborne.

Moody's cites high correlation in credit risk among the entities' supporters as the reason for the downgrade.

A Mexican court has ordered Yahoo! to pay $2.7bn in damages for breach of contract related to yellow pages listing service.

New campaign, featuring leading Conservative MP David Davis, plans to use City of London elections to reform opaque Corporation.

Germany's Lower House agrees to new terms for Greece's rescue package as markets await details on Athens' plan to buyback more than €60bn in government bonds.

Nearly 20 million Europeans are looking for work as jobless rate hits another record in October amid deepening recession

India's GDP grows 5.3 percent during the July to September quarter, down from the 5.5 percent growth in the previous quarter.

Hitachi and Mitsubishi Heavy agree to form a joint venture that will integrate their thermal power generation businesses.

Production in the mining, manufacturing, gas and electricity industries rises 0.6 percent in October.

Japan's factory output gains for first time in four months while government announces fresh stimulus measures.

Lord Justice Leveson's far-reaching investigation into culture and ethics of journalism could impact several major media stocks.

We go behind the scenes at the birthplace of the World Wide Web and the centre of the search for the elusive 'God Particle'.

Misleading balance sheets may not reflect true valuation resulting in insufficient capital buffers, reports Bank of England Financial Policy Committee.

India's coalition government , headed by Prime Minister Manmohan Singh agrees hold debate and voting on the retail sector reforms.

Electrical goods retailer posts slowing losses as UK and Ireland division reaps benefits of major summer events and demise of rival Comet.