Martin Baccardax

Moody's cuts France's debt grade to Aa1 and assigns a negative outlook citing a "gradual, sustained loss of competitiveness and the long-standing rigidities of its labour markets"

Bank of England's Systemic Risk Survey shows fewer market professionals fear near-term shock to financial system, but broader concerns remain.

Bank confirms talks to sell 16 percent holding in China's number two insurance group as asset sales accelerate

Iconic 82-year old bakery will shut down after the company said a union strike cost nearly $10m in less than week.

The Economist has attracted the wrath of France's Prime Minister with its incendiary cover story, but financial market professionals seem unimpressed by tame attack on Gallic finances.

The region's second recession in three years comes amid increasingly violent protests over spending cuts and austerity measures.

Media reports say deal with US Justice Department could lead to the largest criminal fine in US history

Bank of England Governor Mervyn King hints there's little left to do in the face of "unappealing" mix of sluggish growth and faster inflation.

Mervyn King says Britain faces "unappealing" mix of faster inflation and slow growth as uneven recovery path begins next year.

Britain's third-biggest supermarket chain continues its seven-year run of profitability as the pace of its march on rival Tesco quickens

Europe's biggest wireless group sees slowing revenue, earnings for the full year as it lifts dividend and launches buy-back programme.

Media reports suggest extra time and cash required for new Greek rescue only hours after painful austerity budget approved by parliament

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

Tim Davie will assume acting Director General role as BBC attempts to control spiralling Newsnight crisis.

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.

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

President Barack Obama is looking for a new Treasury Secretary - and the Mayor of New York is looking for a new job.

President Barack Obama's sweeping victory is eclipsed by yet another grim assessment for the Eurozone and concerns about US 'fiscal cliff"

Investors prepare for market reaction after the President's resounding election victory and return to the White House

Intransigence, ineptitude and irresponsibility have defined the current political stewardship of the global and economy.

With both the Fiscal Cliff and a new Fed Chairman in play for the next President, global investors await results of the most economically important elections in decades.

Weakest growth in two years for Britain's most important growth driver raises concern over recovery path

China's ageing population, huge credit bubbles and rising inequality is creating a serious "middle income trap" that could hurt the next phase of its "economic miracle".

Australian court ruling on complex derivative rating could have major impact on ratings agencies around the world

HSBC says it has put aside an extra $800m to satisfy US regulators but adds the costs of its money laundering activities could be "significantly" higher than $1.5bn

Bill Gross, chairman of the world's biggest bond fund, excoriates US politics and policy as he warns of "financial repression"

Ratings Agency says underlying capital base to major US insurers safe despite anticipated hit to quarterly earnings from deadly storm.

Lloyds sets aside another £1bn to compensate PPI claims, but better news on bad loan losses lifts shares.