Asian shares headed for the biggest loss since September 2011 and bond risk surged on concern the Federal Reserve may phase out stimulus and as China's cash crunch worsened.

A top businessman who threw his weight behind the Government's savage cuts is to be made an unelected minister and handed a peerage.

The chancellor of the exchequer has raised the possibility of splitting the Ulster Bank into 'good and bad banks'. George Osborne has ordered a review into breaking up the bank's parent body, the RBS.

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, ...

LONDON (Reuters) - Dixons Retail , Europe's No. 2 electricals retailer, posted a 15 percent rise in underlying year profit, with sales growth in Britain and northern Europe offsetting falls in the austerity-hit south and at its PIXmania internet arm.