Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.

Falling prices at the petrol pumps led to a bigger-than-expected drop of 0.4 per cent in the consumer price index in April, the first easing in the annual rate of price rises for six months.

Wed May 22, 2013 2:49am EDT. * BOJ's view on economy outlook spur buying in futures * Volume highest since April 5 * Sony jumps on report of assessing spin-off proposal By Ayai Tomisawa TOKYO, May 22 (Reuters) - The Nikkei average climbed 1.6 ...

Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.

The taxman had expected to save �8bn by 2015 from reducing errors and fraud in the administration of tax credits, but is expected to miss its target by �5bn.