Moody's: ECB Bond Purchase Plan May Buy Time, Won't Solve Crisis [VIDEO]
Rating Agency says Mario Draghi's plan will support borrowing costs, but that ultimate responsibility for crisis resolution lies within governments.
Greece Resumes Talks with Lenders as Austerity Plan Stalls [VIDEO]
Coalition leaders struggle to agree on target of €11.5 billion in cuts as recession enters fifth year.
Glencore Sweetens Bid for Xstrata as Merger Descends into Chaos
Two cancelled shareholder votes within hours frustrate $80 billion tie-up that would create the world's fourth largest mining group
European Crisis: Draghi Details Bond Market Rescue as BoE, ECB Hold Rates Steady
ECB president Mario Draghi says plans to support bond market will preserve singleness of monetary policy but markets stall.
ECB Plans 'Unlimited' Bond Purchases But Stops Short of Quantitative Easing
Report suggests ECB prepared to buy unlimited quantities of Eurozone government debt to bring down yields and draw a line under the crisis.
Britain Among Globe's Most Competitive Economies - WEF
The World Economic Forum's annual ranking on competitiveness sees Britain jump two places to eighth despite drag from recession.
European Crisis: Stocks Dip on US Data But Yields Firm on ECB Buying Bet
Swiss economy stalls as franc rise bites into exports as EU crisis causes ripple affects across the region
UK Net Worth Rises to Record £6.8 Trillion
Britain valued at £110,000 per person as property values top £4 trillion for first time.
Richard Branson's Virgin Rail Loses Franchise to FirstGroup
FirstGroup plans fare reduction, new trains, as Branson's 15-year run in UK rail business comes to an end
UK Inflation: Bank of England Powerless to Control the Inflation That Really Matters
The tiny bump in the cost of living seems tame to policy makers, but in Britain, rising prices are an undeniable fact of life.
Eurozone Inches From Recession But German Data Points to Second Half Slide
First quarter revision prevents recession, but German Economic sentiment data indicates a tough second half for region's economy.
Germany, France Economies Slow as Analysts Look to Eurozone Recession
Europe's largest economies stall as debt crisis threatens to push region into formal recession.
US Drought May Push G20 to Act on Global Food Prices
Hottest July on record increases fears of another global food crisis as corn prices spiral
IBTimes Business Podcast: 'The Send the Bankers to Mars' Edition
IBTimes Business journalists Lianna Brinded, Shane Croucher and Martin Baccardax run through the big stories of the week in this latest edition of the Business Podcast.
London Olympics 2012: 'Britain's Games' Puts the Cool Back in Britannia [BLOG]
Britons have learned to love success again after near-perfect fortnight of sporting and organisational success that was London 2012, says Martin Baccardax.
UK Trade Deficit Widens to Record
Britain's trade deficit grew bigger in the second quarter, reaching £11.2bn compared with the previous three months' £7.8bn reported the Office for National Statistics.
Standard Chartered: Mervyn King Rebukes New York Regulator But Insists no 'Trade War'
Bank of England governor's comments highlight concerns in London and Washington over Benjamin Lawsky's unilateral pursuit of Standard Chartered.
Rogue Traders? British Banks in the Crosshairs as US Regulators Protect Their Turf
The global battle for financial centre dominance has British banks, including Standard Chartered, fighting for their international reputation.
Global Investors Mark Fifth Anniversary of Financial Market Crisis With Little Optimism
BNP Paribas's decision to freeze US subprime investment funds lit credit crisis touchpaper in the summer of 2007
Swimming Against the Tide: Ye Shiwen's Incredible Performance Stretches Credulity
It's hard to blame Shiwen for the sins of her compatriots, but it's harder for us to accept her stunning performance because of their history.
RBS Dumps Traders Amid Libor Probe as Profits Dip
State-owned RBS sets aside around £310m to cover mis-selling claims and bank system failures that locked-out 15m customers in June.
ECB: Markets Slump As Draghi Fails to Follow Support Pledge with Specific Details
Investors disappointed by ECB President Mario Draghi's press conference in Frankfurt as bond purchase programme remains dormant.
Britain's Greatest Olympian? Bradley Wiggins' Gold Sparks 'Best Ever' Debate
Bradley Wiggins is Britain's most-decorated Olympian, but is he the nation's greatest? IBTimes UK journalists weigh-in.
IBTimes Business Podcast: The 'Citius, Altius, Fortius' Edition
IBTimes Business journalists Lianna Brinded, Shane Croucher and Martin Baccardax run through the big stories of the week in this latest edition of the Business Podcast.
London 2012 Olympics: 'All That Twitters is Gold' as Social Media Dominates Games
The so-called 'Twitter Games' has highlighted the power of the upstart micro-blogging site as Facebook sinks into silence.
SocGen Shares Rise as Retail Earnings Offset Investment Profit Slump
France's second-largest bank sees steep decline in investment banking profit but avoids Libor taint
Deutsche Bank To Cut 1,900 Jobs in €3bn Strategy Review After Earnings Miss
Shares in Europe's second-largest bank rise sharply after job cuts placate investor concern over weak investment bank earnings.
UBS Vows Nasdaq Action After Facebook IPO Loss Hits Bottom Line
Switzerland's biggest bank pursues legal action against Nasdaq OMX for 'gross mishandling' of Facebook flotation.
UK Government Sets Terms for Libor Review as Banks Prepare for Stiff Fines
FSA's Martin Wheatley's Libor market review could lead to new laws that would criminalise interest rate market manipulation.
Spain's Recession Deepens as Bailout Talk Intensifies
Spain's second recession in three years extends to the second quarter while the IMF say growth won't return until 2014.