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.
Co-operative Group Hires Retailer Kingfisher's Euan Sutherland as CEO
Home improvement retail group Kingfisher's chief operating officer Euan Sutherland was appointed the chief executive of the Co-operative Group.
Nissan's £250m Investment in UK to Create 1,000 New Jobs
Nissan investment of £250m in Sunderland plant to create hundreds of new jobs in the factory and among suppliers.
World Bank Raises China's Growth Forecast
Domestic demand expected to boost growth in East Asia and Pacific region despite weak global economy.
India's Central Bank to Focus on Growth as It Keeps Benchmark Rate Unchanged
With inflation expected to ease, Reserve Bank of India will focus on growth.
Comet's Collapse to Cost Unsecured Creditors £230m [VIDEO]
Government set to lose £49.4m in redundancy payments and tax revenues.
Developing Countries Lost $6tn in Dirty Money Deals Over Past Decade
Illicit financial outflows include corruption money and tax evasion.
House Construction Plan Approvals Rise, But Short of Demand
HBF’s Housing Pipeline report says approvals up 36% to 33,881 homes.
BBC: London's Ritz Hotel Paid no Tax for 17 Years
Hotel uses tax breaks for zero corporation tax liability.
House Prices Decline in December but Projected to Rise in 2013
Increased competition among mortgage lenders and shrinking supply to drive prices.
Thousands of UK Houses Likely to Go into Fuel Poverty by Christmas
Group warns 300,000 extra households could be pushed into fuel property.
China to Maintain Existing Money Market Policies in 2013
Key economic meeting provides first glimpse of new Communist Party leadership in action.
Taxman May Lose £26m as Comet Shuts Up Shop
Secured investors will receive money, but unsecured creditors, including HMRC, will get nothing.
Greece Projected to Witness Recovery in 2014
Following six consecutive years of recession, Greece to record positive growth rate in 2014.
Fitch Continues to Give AAA Rating to France
Unlike Moody's and S&P, which downgraded France, Fitch reaffirms France's top credit rating.
UK House Rents to Rise Further in 2013 As Buying Remains Difficult
House prices to go up 2 percent, while rents to rise about 4 percent.
PetroChina Joins Hands with Canada's Encana for Alberta Gas Project
PetroChina to buy 49.9 percent stake in project for $2.2bn.
Tech-Savvy Britons Lead World in E-Commerce Spending
Britain tops in e-commerce, mobile-data usage and viewing television over internet.
Wal-Mart in Talks to Buy Controlling Stake in Turkish Retailer Migros
80% holding in Migros to give Wal-Mart Tansas, Macrocenter and 5 M supermarkets.
US Fed to Keep Benchmark Rates at Near-Zero Levels
Rate to be maintained till unemployment dips to 6.5% or lower.
India Launches Inquiry into Wal-Mart's Lobbying Report
India launches probe into Wal-Mart's lobbying practices to find out how much money the retail giant has spent in India.
