Treasuries Leave Apple, Verizon in Shade as Investors Flee Risk

Treasuries are paying the smallest yield in two years compared with U.S. corporate bonds as investors seek the safest securities and shun the riskier ones.

UK car sales hit record high in June

UK new car sales in the year to June rose at the fastest rate on record, a motor industry survey has found.

Nationwide's profits rise 54% to £1bn

Nationwide building society has reported a 54% rise in annual pre-tax profit to £1.04bn as it regained its position as the UK's second largest mortgage lender.

Audi expects growth in double digits this year

BENGALURU: German auto maker Audi today said it expects to see a double-digit growth in its share in the luxury car market this year in India as there will be clarity on the way forward after budget and market will grow.

Car sales in the UK in 2014 return to pre-recession levels

British consumers bought more new cars in 2014 than in any year in the last decade as cheap finance deals and a growing economy fuelled confidence.

Barclays to move 2.3m Isa savers

Barclays will shift 2.3 million savers on to a new Isa product with two-thirds of them getting a worse interest rate.

Buoyant jobs market largely fails to translate into pay rises, figures show

The squeeze on British households will return to centre stage this week as official figures confirm a buoyant jobs market is failing to deliver pay rises for most workers.

Credit card companies face FCA competition inquiry

Credit card providers will come under the spotlight of the City regulator, amid concerns that vulnerable customers are being offered "payday loans with plastic" and paying high interest rates which subsidise wealthier borrowers.

US regulator sues 16 banks for alleged Libor rigging

A US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor).

JP Morgan to cut 8,000 jobs in mortgage and retail

JP Morgan announced it will cut 8,000 jobs in its mortgage and retail banking sections as those businesses continue to shrink.

Barclays blasted over 'catastrophic' theft of thousands of customer files

Barclays is under scrutiny by regulators and could face a hefty fine after thousands of confidential files on customers were stolen in a data breach described as catastrophic by an adviser to the business secretary, Vince Cable.

Samsung and Philips among tech firms raided by EU

Samsung and Philips have revealed that they were among several consumer electronics companies raided recently by European Commission inspectors.

Regulator could fine banks for 'swap' mis-selling

The Financial Conduct Authority (FCA) has said it could fine banks who mis-sold complex loan insurance products.

Boeing, Airbus face new threat of low jet sales

NEW YORK: With US military spending in decline, Boeing and Airbus investors have been counting on record commercial aircraft sales to keep profits rising.

Wonga row: Archbishop of Canterbury 'embarrassed' over Church funds

The Archbishop of Canterbury said he was "embarrassed" and "irritated" that the Church of England invested indirectly in online lender Wonga.

JP Morgan and Wells Fargo post big jump in profits

JP Morgan has recorded a profit of $6.5bn (£4.3bn) for the second quarter of 2013, up 31% from a year ago.

Companies ditch renting to cut property costs

LONDON: After decades of renting being the norm, companies with offices in the world's major cities are seeing more financial sense in buying their own buildings, prompted by a mix of cheap debt, stockpiled cash and new accounting rules.

Mortgage rates set for fall, Bank of England survey shows

Mortgage rates are about to drop “significantly” over the next three months, a Bank of England survey discovered, offering an extra boost to the housing market in the wake of government measures unveiled in the Budget.

Banks to pay for 'swap' mis-selling, FSA demands

Four banks will now compensate tens of thousands of small businesses who were mis-sold complex insurance deals, says the Financial Services Authority.

RBS still negotiating with FSA over Libor fine

Royal Bank of Scotland is continuing to negotiate with the Financial Services Authority over the scale of its penalty for attempting to rig Libor, amid speculation that Swiss bank UBS is close to agreeing a £1bn fine with global regulators.