Business

British banks have paid out only a fraction of the 3 billion pounds ($4.85 billion) they set aside to compensate small firms mis-sold complex hedging products, drawing criticism from businesses and the financial watchdog. The country's biggest banks have run...

Samsung Electronics Co Ltd is on track to post its second consecutive year of record earnings as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market. The world's biggest memory chipmaker is...

Banks will return 7.675 billion euros ($10.46 billion) of crisis loans early to the European Central Bank next week, the ECB said on Friday, driving the amount of excess liquidity down and closer to the threshold where market interest...

World stock markets began to shake on Wednesday in response to a U.S. government shutdown that shows no signs of ending soon, also sending the dollar to a one-month low against the yen. Investors have generally taken the view that...

Three of the top 20 investors in Microsoft Corp are lobbying the board to press for Bill Gates to step down as chairman of the software company he co-founded 38 years ago, according to people familiar with matter. While Microsoft...

iPad Mini with a high-resolution "retina" display this month, people who work in the company's supply chain said, leaving the gadget without the sharper screen found on rival tablets from Google Inc and Amazon.com Inc. Apple's supply chain is only...

Cargill Inc CARG.UL, one of the world's leading cocoa traders, is in the final stages of a deal to buy Archer Daniels Midland Co's (ADM.N) cocoa business, sources familiar with the situation said, creating a price-setting global giant. Combining two...

In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss. The bank found...

Reebok is turning to sponsorship deals with prominent fitness groups to try to revive a venerable name that has faded since it became part of Germany's Adidas (ADSGn.DE) sportswear group eight years ago. The sports shoe and clothing brand is...

German unemployment rose unexpectedly in September on a seasonally adjusted basis but remained close to its lowest level since reunification more than two decades ago. The Labour Office said on Tuesday the increase - to the highest level since May...