ECONOMY

Banks face potentially huge compensation costs following FSA's highly anticipated Pilot Scheme results

The funding is part of £107m aid for cycling announced by the government over the past 12 months.

The Bank of Japan official says the lender can step up easing measures in required to help economic recovery.

Semiconductor industry and transport component manufacturers are major growth drivers on back of weakening yen.

Surprise GDP decline triggered by limited restocking and government cuts to defence spending.

World's biggest planemaker notches up record earnings and order backlog.

Europe’s largest bank tries to bolster its risk management and financial crime supervision with its hard hitting new hire

Market regulators find no evidence of competition law breach or industry failures as reason fuel prices have been so high in recent years.

In the UK, the fault affects only left-hand drive, non-European vehicles.

Funding for Lending Scheme starts to show results in mortgage market in December.

Prime Minister Mariano Rajoy to unveil new stimulus measures but vows to stick to budget cut pledges.

Shares fall in London after Europe's second-largest tobacco group says illicit trade hit key markets in Europe and Russia

South Korea's industrial output slightly expands in December as higher domestic demand offset decline in exports.

Retail sales rose 0.4 percent in the month down from the 1.2 percent gain in November, underscoring weak consumer sentiments.

Record fine and five years' probation adds to multibillion cost for worst environmental disaster in US history.

Barclays issues redundancy notices to 360 infrastructure and front office staff.

Britain receives bumper initial payment from Bern in deal to tackle tax dodging.

Ipsos Mori poll shows pessimism over UK economy alive and well among Britons.

Lianna Brinded takes a look at the importance and future of science funding, following the European Commission's €2bn grant.

Internal Revenue Service can claim UBS info on Swiss client Wegelin following the 250-year old firm's guilty plea to tax evasion charges.

German economy is expected to rebound in 2013 boosted by a stable labour market and modest inflation.

Treasury Select Committee says Autumn Statement has become second full budget but should just be review.

European Central Bank President headed Bank of Italy when lender was said to have hid millions in derivative losses.

World's largest platinum producer raises cost base at key Brazil mine for sixth time.

Retail rents are expected to fall over the coming months due to a decline in floor space demand.

Big bonuses for bankers are being lined up again. And - according to The Financial Times - its state-controlled Royal Bank of Scotland.

Bank faces £500m fine to settle with US and UK regulators over Libor-rigging scandal.

India's central bank has cut key interest rates after the country's headline inflation eased in December.

FTSE 100 passes 6,300 mark for the first time since May of 2008 as pound falls to 14-month low against the euro.