ECONOMY

Southern Italian probe into sovereign downgrade wants Fitch and S&P executives to take stand and answer charges of manipulation and information abuse.

Christian credit union lent £1.2m to church organisation disguised as borrowing by individual members.

IEA’s World Energy Outlook 2012 report says the US will overtake Saudi Arabia as the largest crude exporter by 2020.

Index of industrial production falls 0.4 percent in September prompting call for rate cut.

The Financial Services Authority faces a grilling by MPs over banks mis-selling and the subsequent redress scheme.

CEBR reports City of London bonuses fall again this Christmas as financial sector activity slows in 2012.

Closure to cut company’s oil output by 25,000 barrels a day, down from 800,000 bpd in 2011.

Japanese economy contracts 0.9% in third quarter and by 3.5% on yearly basis.

Companies to face Public Accounts Committee over payment of lower taxes.

Budget passed by 167 votes to 128 amid protests outside parliament, but it will take quite some time for much-needed bailout funds to be available.

Move designed to boost long-term investment in China.

After ending patent dispute, Apple and HTC sign 10-year pact on future patents.

Comet cuts jobs at Rickmansworth head office and support centres in Hull and Clevedon.

Jersey's Financial Services Commission to examine HSBC allegations.

EU Commission and Parliament look for 6.8% rise, but member states refuse to yield.

Traders from UBS and the Royal Bank of Scotland and Barclays could be arrested as part of the months-long probe into allegations of rate rigging in the bank rate known as Libor.

Germany insists it need Parliamentary approval to release long-delay Greek aid tranche despite Athens' "courage" in passing austerity bill.

Balance of economic power to shift in favour of developing countries.

Half-year results hit by supply chain disruption and disappointing Olympic sales.

Balance of imports and exports continues to be skewed by goods, though overall picture improves in September.

Boeing poised to sell more aircraft than European rival Airbus for first time since 2006.

Europe's biggest bank says it's investigating Telegraph report that Whistleblower handed list of 4,000 clients to British Tax authorities

IAG plans to raise profits by at least €600m with restructuring plan.

Despite being in collapse, construction sector could be key to full UK economic recovery, claims new campaign.

Industrial production rises to 9.6 percent in October while retail sales increase to 14.5 percent.

New Orleans judge suggests while deal could have been better, it is fair enough.

EU and Japan found to be dumping steel tubes on China.

Canada's Supreme Court rules Pfizer’s original patent application incomplete.

President Obama's second term is a boon for US Fox News Channel, despite its Republican bias