China’s state-owned railroad equipment makers CSR Corp and China CNR Corp have merged to become CRRC. It is the world’s second-biggest industrial company, trailing only General Electric. Photograph: Wang Zhaowang Zhao/AFP/Getty Images

CRRC may not be a name to conjure with right now, but since this month’s merger of two of China’s state-owned railroad equipment makers, CSR Corp and (...)

 China’s state-owned railroad equipment makers CSR Corp and China CNR Corp have merged to become CRRC. It is the world’s second-biggest industrial company, trailing only General Electric. Photograph: Wang Zhaowang Zhao/AFP/Getty Images

CRRC may not be a name to conjure with right now, but since this month’s merger of two of China’s state-owned railroad equipment makers, CSR Corp and (...)

Preliminary bids for the South Korean Tongyang Cement & Energy group are expected today and reports have suggested that CRH will  be among the suitors

European shares climbed yesterday, with car makers rising on encouraging company updates and Greek shares rebounding amid renewed hopes for a soluti(...)

General Electric: firm is “going fast” with its plans to sell most of its financial services operation. Photograph: David W Cerny/Reuters

General Electric of the United States is “going fast” with its plans to sell most of its financial services operations and is on target to achieve the(...)

Senator Elizabeth Warren, a Democrat from Massachusetts, speaking at the National Press Club in Washington yesterday. Ms Warren says Wall Street recklessness caused the 2008 financial crisis Photograph: Bloomberg

Last year the vampires of finance bought themselves a Congress. I know it’s not nice to call them that, but I have my reasons which I’ll explain in a (...)

Half of the new job cuts will come in Germany Photograph: Reuters

German industrial group Siemens posted a slightly larger-than-expected 5 per cent drop in quarterly industrial profit as a weak result at its digital(...)

Big tech companies have  decided that supplying the means for others to analyse data is going to be a big business

The technology world is looking at ways to make everything more efficient. The question is, will this be good for the many, or the mighty few?Earlier (...)

A security van entering Westminster Magistrates’ Court in central London, believed to be carrying Navinder Singh Sarao, the futures trader facing charges of contributing to the 2010 “flash crash”. Photograph: Yui Mok/PA Wire

A UK futures trader operating out of a suburban London house is fighting extradition to the United States to face fraud charges, including allegations(...)

The move to sell GE Capital marks a significant break from the model inherited by General Electric chief executive Jeff Immelt. Photograph: Goh Seng Chong/Bloomberg

General Electric launched a radical plan to dispose of most of its financial services operations and return to its industrial roots, in one of the big(...)

 A general view of Madrid’s stock market. Investors have been emboldened by the prospect of an economic recovery as the European Central Bank’s €1.1 trillion quantitative easing policy suppresses borrowing costs and cheapens the single currency. Photograph:  Juan Carlos Hidalgo/EPA

Global stock markets ended the week with the S&P 500 back within striking distance of its record high, European equities at 15-year peaks and the (...)