ECONOMY

Outlining the politics, economics and finances of the key players in the Eurozone debt crisis

Like MF Global's Corzine, PFG founder Russell R Wasendorf Sr, was seen as a man of sterling repute and impeccable credentials.

A multi-billion dollar order for Airbus, UK defence investment in the pipeline and a new helicopter production alliance with AgustaWestland and Russian Helicopters boosts the subdued atmosphere.

The pullout is bound to have serious impact on the beleaguered investment arm of the government-owned conglomerate.

This year marks the most pivotal year for China, as its government takes several unprecedented steps towards a more liberalised currency and market.

Government cancels holiday bonuses, raises VAT in comprehensive spending review

After Treasury Select Committee criticised for grilling of Barclays’ ex-CEO Bob Diamond, the Agius hearing showed marked difference.

BoE needs "poacher turned gamekeeper" if it's to keep pace with pace and complexity of modern finance

Two former Bank of England monetary policy committee members, Danny Blanchflower and Andrew Sentance, fought over what should be done to help the ailing UK economy.

British Airways-led group board member steps down to faces charges in Spanish court

Barclays' chairman Marcus Agius 'first aware' of investigation in April 2010, revealing two-year difference with ex-CEO Bob Diamond's account.

Eurozone finance ministers also extend deadline for correction of excessive deficit by one year to 2014 for Spain.

Peter Praet repeats call for deeper European integration at Lisbon conference.

Spain to be given extra year to comply with deficit targets as market indicates doubts over Eurogroup strategy

In an effort to raise over €7 billion, French President François Hollande and his Prime Minister Jean-Marc Ayrault announced in their Budget on Thursday 05 July 2012, measures that included an increase in the tax rate from 50 per cent to 75 per cent for all income over €1 million - about £790,000 at the current exchange rate. The act of a Communist state by American and British standards but not the crucifixion scale that was demanded by the country's hard-Left. The Left Front and the New A...

Ed Miliband, Ed Balls, George Osborne, Vince Cable and David Cameron have all spoken out about the banking industry and the need for reform since the Libor scandal broke.

Deutsche Bank reportedly suspends two dealers, US investor files class action

In order to spur growth, China may introduce further policy easing as consumer demand continues to fall.

Deputy BoE governor Paul Tucker to be grilled over conversations with former Barclays chief executive Bob Diamond.

Paul Tucker, Bank of England deputy governor, faces a showdown with MPs over his role in the Barclays Libor scandal - IBTimes UK explores the key questions.

Barclays is seeking an additional cash and asset boost from defunct firm Lehman Brothers, despite winning over $5bn from an American ruling in June.

The UK's SFO announced that it is going to formally investigate Barclays and possibly others in the Libor fixing scandal

Chancellor George Osborne announced that he has appointed the Confederation for British Industry's chief economic adviser to the rate-setting committee as Posen prepares to depart.

In the run-up to the London Olympics, Lianna Brinded awards her own medals of dishonour for the maddest corporate rules that sucks the fun and the spirit out of the greatest spectacle on earth.

Minutes from the Bank of England's Financial Policy Committee reveal fears over the scale of banks' exposure to global risks, such as the eurozone crisis.

With 21 days to go until the London Olympics, UK's Prime Minister David Cameron reveals that Britain will see a multi-billion pound benefit for hosting the London Games.

Serious Fraud Office to probe "Libor matter"; US jobs numbers disappoint, IMF warns on global growth

European stocks are trading lower today ahead of a critical employment report from the United States which will dictate investor confidence in the strength of the recent global share price rally.

Banks across the world have failed to reform, and they need to stop thinking about the bottom line too: The Head of the International Monetary Fund pulled no punches about the events since the collapse of Lehman Brothers back in 2008.