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Business Series

International payments world faces shake-up with Ant's purchase of Moneygram

Alibaba affiliate Ant Financial to buy US money-transfer company MoneyGram in what could be a game-changer for the international payments industry.

United Kingdom

Manchester United move top of football's rich list

Premiership success may have eluded them in recent years, but that hasn’t stopped Manchester United topping football’s latest rich list.

Venezuela

Venezuela's Maduro hikes minimum wage by 50 percent

Venezuela’s embattled President Nicolas Maduro has announced a 50 percent increase in the minimum wage in a bid to combat runaway inflation.

Argentina

Argentine finance minister is fired as recession bites

Can a cabinet reshuffle bring relief to recession-hit Argentina?

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Greece

Greek annual Christmas card calls lenders 'Scrooge'

Greek finance ministry seems to take aim at country's lenders with annual Christmas card depicting Dickensian miser

Real Economy

Getting Europe's banks healthy and lending

Will the new banking regulations make our banks safer and be less of a burden to the taxpayer?

Economy

European Central Bank's #AskECB session brings out the Twitter jokers

The European Central Bank's attempt to be more user friendly via #AskECB on Twitter brought serious questions, but a few pranksters as well.

World News

Where in the EU are employees best and worst paid?

The UK is the only major EU economy where average wages have failed to return to pre-crisis levels, new figures reveal.

Economy

EU penalises banks for fixing Euribor interest rates

JPMorgan Chase, Credit Agricole and HSBC have been fined a total of 485 million euros for their alleged role in a cartel to fix the price of Euribor interest…

Economy

Greek economists fear the financial future

Eurogroup agrees to a modicum of debt relief

Economy

UK borrowing falls unexpectedly but debt remains high

There is some good news for Britain’s Chancellor of the Exchequer Philip Hammond ahead of his first Autumn Statement.

Markets

Surprise profit from Deutsche Bank but still overshadowed by massive US fine

Germany's biggest lender, Deutsche Bank, has posted an unexpected quarterly net profit but CEO John Cryan say no settlement yet on US misselling fine.

Markets

Monte dei Paschi banks on restructuring plan

Italy's Monte dei Paschi says its restructuring plan includes writing off bad loans, job cuts and raising five billion euros in new capital.

Economy

There are now more billionaires in China than in the US

In 2015 more than a third of the world's new billionaires were created in China, as for the first time Asia overtook the United States.

Markets

Commerzbank's shares slip despite restructuring

Commerzbank has confirmed it will reduce its workforce by more than a fifth - cutting 9,600 jobs as it faces a slump in earnings.

Brazil

Brazil's former finance minister is arrested

Observers say it is a sign that a sweeping corruption investigation is closing in on the inner circle of the leftist Workers Party leadership, who ran the South American country for 13 years.

Economy

Yellen defends Federal Reserve against Trump bias accusations

Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".

World News

Super PACs rule for Hillary Clinton

President Obama told the UN that there is too much money in American politics.

Markets

British PM reassures US businesses over Brexit

British Prime Minister Theresa May has reassuring the bosses of leading US businesses following the UK's vote to leave the European Union.

Economy

Federal Reserve policy meeting starts - interest rate hike not expected

Policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. A majority of economists expect its benchmark main interest rate to be left unchanged.