Ian Livingston has quit as chief executive of telecoms giant BT to become Britain's new trade minister, it was announced today.

By Matt Scuffham. LONDON | Wed Jun 19, 2013 2:55pm BST. LONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by ...

By Olesya Dmitracova and David Milliken. LONDON | Wed Jun 19, 2013 12:43pm BST. LONDON (Reuters) - Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the ...

BEIJING | Wed Jun 19, 2013 6:56am EDT. BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, ...

NEW YORK--Stocks edged lower in early trading, as investors looked ahead to the afternoon's Federal Reserve policy announcement.

Some 96pc of the 112,000 delivery, sorting office and other postal staff that took part in the ballot voted against the proposed sale of the state-owned delivery company, which is being lined up for the biggest privatisation in 20 years.

Passenger satisfaction on the railways is dipping, with value for money and how companies deal with delays being the biggest cause for complaint, according to a survey of thousands of train customers.

The company, which has built 12,000 homes in more expensive housing areas since 2009, said future investments would be increasingly weighted towards a small number of higher value properties.

A Birmingham-based mortgage broker has been fined �1m and been banned from working in financial services after mis-selling controversial "sale and rent back" leases to vulnerable customers.

By Paul Sandle. LONDON | Wed Jun 19, 2013 7:40am EDT. LONDON (Reuters) - Imagination Technologies, the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows.