Japanese stocks have suddenly gone into reverse. Let us take a long view of a so far sharply short-term phenomenon. Japanese stocks have been rallying for six months now, spurred by the radical new economic policies dubbed Abenomics.

... Off. � European markets up in early trading on Friday � Japanese market swings widely in volatile trade � Europe needs Britain, says ECB president Mario Draghi � FTSE 100 suffers heaviest drop for a year � HSBC's $1.9bn money laundering settlement ...

A spokesman for Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers.

Restarting the Bank of England's bond-buying program should help drive faster economic growth in the U.K. without setting off inflation, a senior BOE official said Friday.

A lack of confidence among consumers has pushed up savings levels in the last year despite the low rates of interest available, banks say.

Manchester United predicted its interest payments would fall by about �10m a year after refinancing its bond notes. Bank of America is providing a new facility that allows the club to redeem all its 8.75 per cent sterling bonds, worth �178m, and $22.1m of its ...

A Guernsey airline is considering using bigger planes after becoming the only operator to fly to Gatwick. The Treasury and Resources Department is the sole shareholder in Aurigny and said it is considering leasing or buying aircraft outright.

Two key lieutenants of Tesco boss Phil Clarke received almost �3million in 'damages' following their departure from Britain's biggest retailer at the height of its troubles.

JPMorgan's UK wealth management business has been fined nearly �3.1m for failing to keep complete and up-to-date client files, a shortcoming that put customers at risk of receiving unsuitable investment advice.

The one-off benefits from the last year's acquisition of Foster's Lager made direct comparisons slightly more complicated at drinks producer SABMiller (SAB).