UK Consumer Spending in December Presents Mixed Trends
Ahead of the official data release by the BRC, surveys by Visa and MasterCard give mutually opposing views on consumer spending in the UK.
US Unemployment Rate Stable at 7.8% in December
US unemployment rate remains stable in December, indicating a weak growth in the labour market.
Santander to Axe 3,000 Jobs After Banesto Merger
Santander is planning to shed 3,000 positions after its merger with Banesto.
China's Services Sector PMI Eases in December
HSBC China Services PMI indicates slow pace of growth in December which contradicts with the earlier official data.
US Car Sales Hit 5-Year High with 13% Rise in 2012
Availability of cheap finance and ongoing economic recovery in the US boost car sales.
Swiss Bank Wegelin to Close After Pleading Guilty in US Tax Probe
Wegelin will close its operations permanently after the conclusion of the case.
Microsoft Buys R2 Studios to Add Home Entertainment Features to Xbox
Microsoft acquires Silicon Valley start-up R2 Studios which was also targeted by Google and Apple.
China's Services Sector PMI Expands in December
China's services sector growth adds to signs of economic recovery in the world's second-largest economy.
Train Fares Rise 4.2 Percent to Put Ticket Prices among Europe's Highest
Campaigners say fares have risen 50% in decade yet commuters still face service cuts.
Retail Bankruptcies Set to Rise in 2013 Amid Economic Weakness
More retailers expected to file for bankruptcy in 2013 because of tough economic conditions.
China's Manufacturing Activity Shows 'Modest Improvement' in December
A number of recent data indicate that China's economy is recovering after seven consecutive quarters of slowdown.
Europe Mergers and Acquisitions 2012 Review: Top 5 Deals
M&A activity declines in 2012 due to global economic uncertainty.
China Manufacturing Index Rises to 19-Month High
Domestic demand, rather than exports, driving Chinese growth.
France's Constitutional Council Rejects 75% Millionaire Tax Rate
Government to redraft bill and submit it again to raise tax rate.
Kensington Street Costliest for Property in UK
Egerton Crescent, near Harrods, costliest street in UK at £8.1m.
Japan's Latest Industrial Output Data Underlines Weakness
Industrial output in November declines 1.7 percent and consumer prices fall 0.1 percent.
Ratan Tata Retires as Tata Group Head, Cyrus Mistry Succeeds Him
Under Ratan Tata, group acquired high-profile British brands, including Jaguar Land Rover.
South Korea Cuts Growth Outlook on Slowing Exports to US and Eurozone
South Korea lowers 2013 growth forecast to 3 percent from 4.3 percent.
Toyota to Pay £680m in Settling Lexus Lawsuits Over Acceleration Issues
Toyota will pay record sum to US customers over vehicle defects.
Britain Allocates £22m for Research into Graphene Commercialisation [VIDEO]
'Super material' seen to have immense commercial possibilities.
UK Overtakes Brazil as Sixth Largest Economy
Emerging economies such as India and Russia to surpass Britain by 2020.
Harrods Starts Winter Sale
Harrods to offer discounts of up to 70% in once-a-year in-store bargain sale.
Yen Hits 20-Month Low as Shinzo Abe Demands Further Monetary Easing
Incoming PM Shinzo Abe wants Bank of Japan to reset inflation target to 2%.
Facebook Found Dodging Tax through Irish Channel
Facebook uses 'Double Irish' method to transfer huge sums.
140 High Street Retailers Expected to Go Bust
Number of firms in financial distress increased 35% during Q4 2012.
ArcelorMittal Writes Down European Business by $4.3bn on Weak Demand
ArcelorMittal takes an impairment charge of $4.3bn in the fourth quarter due to weakness in the European markets.
Facebook to Charge $1 to Send Messages to Strangers
Facebook's new move is seen as a way to generate revenue as well as to avoid spamming and unwanted messages.
Home Rental Costs Drop as Buying Improves on Better Loan Availability
Average cost of renting declines 0.4 percent in November as landlords try to fill vacant properties ahead of Christmas.
Bank of Japan Boosts Asset Buyback Programme by £73bn
The central bank has extended its asset purchase programme by £73bn with a view to keep its borrowing costs down.
UK Retail Sales Growth Slow as Consumers Stall Christmas Shopping [VIDEO]
Volumes slow year-on-year as consumers look for more discounts and promotions.
