Business

Britain's financial watchdog imposed a record 28 million pound ($46 million) fine on Lloyds Banking Group for the way it encouraged staff to sell 2 billion pounds of products that customers did not need. The probe covered the sale of...

Stocks fell on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. The Dow Jones industrial average .DJI fell 52.27 points...

General Motors Co Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker. The company said on Tuesday that...

U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable business for Wall Street before the credit...

Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante. Shares of...

China's annual consumer inflation unexpectedly slowed in November, easing market fears of any imminent policy tightening as authorities meet this week to outline their policy and reform priorities for 2014. Rising money market rates and bond yields indicate the People's...

European aerospace company EADS (EAD.PA) plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring program it will detail later on Monday, Le Figaro newspaper reported. Two industry sources told Reuters last...

Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it. Inconclusive data in the United States has...

Most Asian share markets marched higher on Monday, energized by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street. Both the dollar and the euro extended their gains on the yen,...

When soccer teams battle for the World Cup in Brazil next year, another fight for global supremacy will be played out on the pitches - between Adidas and Nike. In the next round of their tussle to be the world's...