Japan's Debt Rating Cut to A+ by Fitch, Outlook Negative
Credit rating agency downgrades Japan's rating to A+ with a negative outlook
UK Inflation Slows the Most Since 2010 in April: ONS
UK Consumer Price Index annual inflation rate falls to 3 percent year on year and 0.6 percent month on month
Marks & Spencer Posts Rare Profits Slide as Recession Bites
Biggest UK clothing retailer says Britons "more squeezed" than before as recession bites into bottom line
JP Morgan London Trader Losses 'Double to £4.4bn'
Investment bank’s total losses for its London operations reported to be are more than double original estimates. JP Morgan also confirm suspension of share repurchases.
Insider Dealing Trial of Ex-Goldman Sachs Director Rajat Gupta Begins
Previous global corporate icon stands trial for conspiracy and securities fraud in the Federal District Court of Manhattan today.
UK Financial Watchdog Slaps £1.3 million Fine on Two Former UBS Traders
UK's Financial Services Authority fines Sachin Karpe and Laila Karan for unauthorised trading scheme in the foreign exchange markets.
Spain's Banks Get Vocal Support But What They Really Need is Capital
Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse
Formula One Gets Greenlight for $3 Billion Flotation
Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange
Ryanair Shares Fall Sharply as High Fuel Costs Hit Profits
Budget airline Ryanair warns of a future decline in profits on higher fuel costs, despite beating forecasts with a 2012 profit surge.
Too Little, Too Late: Aviva CEO Andrew Moss Steps Down Despite Improved Results
After Andrew Moss stepped down as CEO of UK insurer Aviva, IBTimes UK asks why they didn't grant him a pay rise in light of recent excellent results
Airlines Hedge Less Than Half of Fuel Costs Against Price Rises
Latest report reveals that a majority of airlines only implement hedging procedures for 21% – 40% of its total fuel for a year, in a bid to guard against rising oil prices.
Carlos Slim's America Movil Offers €2.6bn For KPN Stake, Shares Surge
World's richest man Carlos Slim tries to expand his empire mobile by making a monster bid for troubled Dutch telecom KPN
Airline Fuel Hedging Fails to Help Carriers Slow Soaring Costs
Franco-Dutch airline is the third aviation company this week to report losses stemming from rising fuel costs
HMV Stocks Soar As It Predicts Future Profit Recovery
Shares in HMV rocket, despite the UK retailer posting a decline in profits and sales, after the group pledges a return to profit for 2012 and 2013.
BNP Paribas Shares Dip After First Quarter Profits Release
BNP Paribas reports first quarter profit rise following its stake in Klepierre sale and a a rebound in fixed-income trading revenue.
Aviva Shareholders Revolt Against Executive Pay Packages
Shareholders at British insurer Aviva and Trinity Mirror are the latest in a line of stockholders that vehemently oppose high executive compensation packages
Big Boost for Obama as Economists Predict Unemployment to Fall Below 8% By US Election Day
AP-conducted poll shows economists forecasting US jobs recovery that will boost President Barack Obama's prospects in November's presidential race.
Lufthansa To Axe 3,500 jobs Amid Turbulent Times
Germany's largest airline announces a headcount cull in order to reduce costs and return to profitability, despite a rise in revenue in Q1 2012.
France Telecom Profit Falls Following Tough Competition
The former state-owned monopoly says the future is still bright, despite unveiling a decline in profits, operating margins and net clients, following tough competition from new French mobile operator Iliad.
Diageo Sales Boosted By US and Emerging Markets as Europe Slows
The world's largest spirit maker reveals that emerging markets growth and a recovery in North America sales helped offset falling sales in Europe
UBS Turns a Corner: Future Looks Bright for Swiss Bank
Brighter times lay ahead for the Swiss bank as it continues to shrug off investment banking risk management woes and reclaim investor confidence in the most successful parts of its business, after shares soar on stellar wealth management results for the second quarter in a row.
Standard Chartered Posts Ninth Straight Year Of Record Earnings
Standard Chartered unveils another quarter of income growth, following increased consumer and wholesale banking operations and double digit income growth in Hong Kong, China, Malaysia and Indonesia.
Moody's: Olympics Unlikely to Provide Substantial Boost to UK Economy
A new report from the ratings agency Moody's reveals that the London 2012 Summer Olympic and Paralympic games are unlikely to provide a long term boost to corporates and the UK economy.
BP Profits Fall on Lower Production Following Gulf of Mexico Oil Spill
Lower production following the Gulf of Mexico oil spill pulls down profits despite the rise in oil prices over the last year
UK Businesses Look Abroad To Sue Banks Over Mis-Sold Derivatives
As Barclays' CEO Bob Diamond admits to "mistakes" linked to swap sales, a German law firm with a winning track record in mis-selling cases is courting UK clients
Britain on the Breadline: Middle Class, Hungry and Homeless
Increasingly squeezed middle-class Britain turns to 'foodbanks' as unemployment rises, access to benefits tightens and debt slips out of control.
Anheuser-Busch InBev Profits Surge on Higher US Beer Sales
World's largest beermaker posts core profit boost on higher US beer sales and cites Brazil as future sales driver
Adidas Shares Surge after Solid Earnings, Bullish Outlook
Adidas ups outlook on stronger sales in Asia and "exceptional" growth overall, despite an India probe into "commercial irregularities"
Tottenham Court Road Bomb Scare Siege: Witness Says Ambulance at Scene
Eyewitness from Tottenham Court Road office block says that up to ten ambulances arrive at alleged bomb scare siege as police shut Warren Street tube station.
Battle for Bonuses: Barclays Apology Rekindles Pay Debate
As Barclays' question CEO Bob Diamond's remuneration package and his colleagues' bonus pool, the debate on executive pay, bankers' bonuses and pay legislation intensifies.
