Some of the world's best known banks have been found guilty of colluding to rig two global interest rate benchmarks. Six lenders, including Germany's Deutsche Bank and France's Societe Generale, will have to pay a total of $2.3bn (�1.4bn).
THE GOVERNMENT'S national infrastructure plan received mixed reactions yesterday, as proposals for over �375bn worth of projects were announced by chief secretary to the Treasury Danny Alexander.
Hewlett Packard has cut a further 1,100 jobs in Britain as the government outsourcing contracts that once sustained the technology industry dry up and PC sales plummet.
Problems in South Korea and weaker global markets have forced Standard Chartered to warn that its ten-year growth spurt will end this year.
THE impact of chief executive Philip Clarke's attempted �1 billion turnaround of the UK's largest supermarket chain Tesco remains in doubt after it reported a fresh dip in sales.