FSA pursues ban on former BGC executive
11:52pm 16 May 2012
A civil court ruled that Anthony Verrier led an unlawful poaching conspiracy against a rival interdealer broker and did not tell the truth about it
ICAP in talks to buy Plus Markets
11:17pm 16 May 2012
Broker in discussions with the FSA and the UK exchange’s board over a deal that would preserve the quotations of the 156 groups traded on the market
VIDEO: Eurozone 'storm' could threaten UK
11:15pm 16 May 2012
The Bank of England has cut its growth forecast for this year to 0.8% from 1.2%, saying the eurozone "storm" is still the main threat to UK recovery.
Judge to allow wiretaps in Gupta case
10:30pm 16 May 2012
A US judge plans to allow the government to play at trial recordings of three phone calls involved in the insider trading case against the former Goldman Sachs board member.
VIDEO: Mervyn King has 'misjudged' eurozone
10:24pm 16 May 2012
Steffen Kampeter, the German deputy Finance Minister has told Newsnight that the governor of the Bank of England Mervyn King has 'misjudged' the activities of the eurozone.
JC Penney tumbles after poor sales
09:53pm 16 May 2012
Disappointing quarterly sales send shares in JC Penney down sharply while developments in the eurozone washed away early gains for US equities
Hague 'to fight for UK business'
09:48pm 16 May 2012
Foreign Secretary William Hague promises to "argue relentlessly" for free trade around the world in an effort to boost the UK economy.
Greece fears leave investors wary
09:19pm 16 May 2012
Markets remain tainted by eurozone fears, with FTSE All-World equity index falling nearly 1 per cent, and Wall Street lower after an early bounce
Fed wary of any US spending cuts
08:07pm 16 May 2012
The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply, minutes of its April meeting show.
Small caps: Buying buoys African Mineral
07:51pm 16 May 2012
Sierra Leone iron ore miner says its chairman has bought 1.5m shares, while Arden Partners gains after revealing trading has been better than expected
Xstrata slips lower amid UBS caution
07:39pm 16 May 2012
Shares in resources producers drag the FTSE 100 lower, with the mining index registering its second-lowest close since October 2009
Rajoy warns Spain faces debt market exile
07:39pm 16 May 2012
Spain’s PM says the country is at ‘serious risk’ of a borrowing freeze or being forced to ‘borrow at astronomical prices’ without austerity measures
Crude slips to six-month low
07:24pm 16 May 2012
Oil prices fall after strong US production pushes inventories to highest level in decades, with weakness exacerbated by worries about global economy
Wall Street goes bearish on US stocks
07:09pm 16 May 2012
Driving the negative sentiment is a combination of fears, led by contagion worries from the eurozone debt crisis for financials and the global economy
Euro starts to crack as investors eye exit
06:18pm 16 May 2012
Analysts believe that investor behaviour suggests that the buttresses that have supported the currency in recent months are weakening
Dual identities of a princeling
06:00pm 16 May 2012
The dual identities behind China's biggest political scandal in decades
Clinton Cards to close 350 stores
05:57pm 16 May 2012
Retailer Clinton Cards, which is in administration, is to close almost half its stores across the UK, leading to the loss of almost 2,800 jobs.
Norway’s day traders take on the algos
05:39pm 16 May 2012
Despite the prevalence of these supposedly smart high-frequency machines, some traders are making a tidy profit getting the better of these systems
Facebook to sell 25% more shares
05:23pm 16 May 2012
Facebook says it will sell 25% more shares than first planned in its forthcoming flotation in response to strong demand.
VIDEO: India attempts to prop up rupee
05:23pm 16 May 2012
The Indian central bank has been intervening in currency markets to buy the rupee, after it sank to a five month low against the US dollar.
Heavy selling takes FTSE near 5,400
05:23pm 16 May 2012
Miners continue to push benchmark lower but financials recover from early losses, while Lamprell dives on FTSE 250 after profit warning
ICAP hit by 3% fall in revenues
05:11pm 16 May 2012
Weak trading volumes caused by the eurozone crisis and ‘constraints on market liquidity’ pushed revenue down 3% last year at the interdealer broker
Results delay hits Bankia shares
05:10pm 16 May 2012
Shares in Bankia, the part-nationalised Spanish bank, fall more than 10% after it delays the release of its first quarter results.
Bank warns of euro crisis 'storm'
05:09pm 16 May 2012
The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year.
Euro at four-month low on Greece
04:25pm 16 May 2012
The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency.
Rupee hits dollar low on India worries
03:47pm 16 May 2012
Sell-off comes despite repeated attempts by the country’s central bank to support the currency this week, as investors retreat from emerging markets
UK unemployment falls by 45,000
03:29pm 16 May 2012
UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics.
Japanese pension fund switches to gold
03:17pm 16 May 2012
Okayama Metal & Machinery has become the first Japanese pension fund to purchase gold, saying it is diversifying to ‘escape sovereign risk’
VIDEO: Young black men fight to get work
02:47pm 16 May 2012
Unemployment is falling, but for young black men it is still hard to find work. More than half are without a job, so what is it like applying every day?