ECONOMY

Antony Jenkins tells Bloomberg Television that a 'fundamentally different environment' for banks demands big changes in costs and capital - but payoff may not come until 2015

Office for National Statistics says this is longest ever period CPI inflation has stayed unchanged.

India's industrial activity is hurt by lower production of capital as well as consumer goods.

European indices open lower as investors prefer to remain on the sidelines .

Britain's second biggest lender plans 3,700 job cuts as CEO Antony Jenkins prepares major transformation of bank culture

Sri Lanka has decided not to pursue new loan programme with IMF as it increased foreign reserves significantly.

Business conditions remain weak on adverse employment conditions, says NAB.

But RICS says worst may be over for British property market and points to improved outlook.

Stock markets open positive in a holiday-thinned trade in Asia.

CEO Stephen Hester and chairman Philip Hampton to face bank standards commission.

Whitehall warns that going it alone means Scotland would have to apply separately for EU membership.

India plans to open up banking sector to corporates for wider inclusion of people.

EADS unit GPT Special Management Systems is accused of bribing Saudi officials between 2007 and 2010.

Barclays to close tax unit SCM, while reports say CEO Antony Jenkins will axe 2000 jobs and £2bn of costs

Markets subdued on lack of major economic drivers and public holiday in much of Asia.

China is one of the biggest bilateral trading partners for several countries in Asia and Africa.

BDO index falls to 88.9 in January from 90.3, indicating weak first quarter for economy.

Most of the Asian markets remain closed for Lunar New Year holidays.

Pay is rising for the top 1 percent of earners, but falling for the poorest 50 percent, thinktank reveals

The UK's best-known technology entrepreneur is making a comeback after raising a £6.3 million war chest to fast-track the development of some of the country's most promising companies.

Charity ActionAid accuses Associated British Foods of siphoning money through tax havens to avoid paying tax in poverty-stricken Zambia.

Europe's biggest casino and conference centre is coming to Spain later this year, creating thousands of jobs.

Venezuela devalues its currency for the fifth time in a decade, boosting oil revenue and inflation.

Eric Schmidt will be unwinding 3.2 million shares of Class A common stock.

Sir David and his son Mark Jones, who was JJB's head of marketing, are accused of forgery and making misleading statements.

Nissan's third quarter sales slump more than 30 percent in China because of territorial disputes between the countries.

Construction firm Q4 business up, halting painful decline that started in third quarter of 2011.

Europe's second-biggest carmaker losing €7m a day and burning €200m in cash each month.

UK Prime Minister David Cameron joins talks to trim seven-year spending plans to €960bn.