Modest English devolution could add £144bn to the UK economy by 2020 by handing greater spending control to the regions, according to a survey of local business and political leaders. Localis, a think ...

WM/Reuters plans to overhaul its foreign exchange fix, the pivotal financial benchmark at the centre of a global regulatory probe into allegations that traders are trying to manipulate the $5.3tn a ...

Tesla Motors, the US electric car manufacturer, announced plans to sell at least $1.6bn in convertible senior notes to raise funds for a vast new battery factory as its shares hit a record high on ...

Citigroup said Rohan Ramchandani, its former head of European spot trading who was already on leave, had left the bank, a departure that comes amid a global probe into the fixing of foreign exchange ...

The European Central Bank and the People's Bank of China have established a currency swap agreement, the latest in a string of moves to help encourage global use of the renminbi. The swap line, at ...

Cyber security provider Tanium has become one of the largest ever investments made by Andreessen Horowitz, as part of efforts to raise more money to expand outside the US. Tanium's technology has been ...

Christophe Salmon, a former BNP Paribas financier, will take over from Pierre Lorinet in September, the company has said in a statement. "I have decided it is time to take a career break and devote ...

Former employees of ICAP, Rabobank, the Royal Bank of Scotland, Deutsche Bank and UBS were among 22 names that the UK Serious Fraud Office included as alleged co-conspirators on a draft indictment ...

Britain's workers became less productive in the final quarter of 2014, highlighting a significant weakness that has dogged the UK economy for eight years. After a hat trick of good economic news this ...

Charterhouse Capital Partners has highlighted private equity groups' increasing appetite for the education sector after agreeing to pay $2bn for SkillSoft, a US teaching software provider. The ...

Sony and Microsoft struggled to respond to an apparent cyber attack on their video games networks over Christmas, leaving millions of customers unable to play games and access entertainment. Sony's ...

A push by BHP Billiton, the world's biggest resource company by market value, to have coking coal prices set by an index-based pricing system has encountered further resistance. BHP has been ...