De Beers, the world’s biggest diamond producer, to cut output from 34 to 30 million carats this year as demand drops. Photograph: Reuters.

De Beers, the world’s biggest diamond producer, cut its output target for the year as demand for the gems weakens and prices fell for a second quarter(...)

The data also show the five banks set aside a little less than £10billion to deal with fines, conduct and other litigation costs last year

The UK’s five largest banks cut bonus pools by more than £1billion last year and most also reduced pay and staff numbers, according to Financial Times(...)

Fyffes, the banana distributor, slipped more than 1.5 per cent to close the day at €1.17 per share. Photograph: Simon Dawson/Bloomberg

The Dublin stock exchange reached its highest level since 2008, climbing 1.1 per cent.Shares rose across most of Europe, building on their best start(...)

Ryanair: the low-cost carrier saw its shares fall 7 cent to €9.96, which was roughly in line with other airline stocks. Photograph: Andy Rain/EPA

EOIN BURKE-KENNEDY Major European share indexes climbed to new multi-year highs, with the world’s largest brewer, Anheuser-Busch InBev, leading the f(...)

The iPhone maker issued $6.5 billion of debt Monday, locking in borrowing costs for as long as three decades. (Photograph: David Paul Morris/Bloomberg)

Apple ’s mega bond sale is fueling speculation US interest rates are poised to increase. The iPhone maker issued $6.5 billion of debt Monday, locking (...)

The Standard Chartered  logo is displayed atop of a bank branch as a Chinese national flag flies in the Central business district of Hong Kong

Standard Chartered chief executive Peter Sands moved aggressively on Thursday to reverse the Asia-focused bank’s fortunes by closing the bulk of its (...)

The reluctance of producer club Opec to cut output has pulled down prices

Oil prices slid back close to opening levels around $60.20 per barrel after gaining earlier in the day on expectation of firm US economic data due la(...)

The Bank of England sign on the wall of its headquarters in London. A power cut at the bank added to the drama of banking stress tests yesterday

A power cut at the Bank of England added to the drama of the banking stress tests on Tuesday, as reporters and officials were forced to quit Threadnee(...)

Mark Carney, governor of the Bank of England, pauses during a news conference . Photographer: Chris Ratcliffe/Bloomberg

Royal Bank of Scotland and Lloyds barely passed stress tests set by the Bank of England, which said their capital at the end of last year fell short(...)

Customers stand at a counter inside a Standard Chartered bank branch in Hong Kong, China. The bank is to close as many as 100 retail branches.

Standard Chartered said it would cut as many as 100 retail branches and manage more money for the wealthy as it sought to reassure the lender’s bigges(...)