The yuan dropped 1.7 per cent in domestic trading after the central bank set its reference rate 1.6 per cent lower at 6.3306 per dollar. Photograph: Bloomberg

Markets around the world fell for a second day on Wednesday, with stocks and emerging market currencies all under pressure after China pushed the yuan(...)

Profit follows move by Wall Street firms to embrace cost-cutting measures after trading revenue declined in four of the past five years. Photograph: Reuters.

JP Morgan Chase, the biggest US bank by assets, said second-quarter profit climbed 5.2 per cent as expenses fell. Net income advanced to $6.29 billio(...)

The euro fell as Greek voters rejected austerity demands, fueling concern the indebted nation is on track to exit the currency union

The euro fell as Greek voters rejected austerity demands, fueling concern the indebted nation is on track to exit the currency union. Australia’s dol(...)

British bank Barclays has named KPMG as its new auditor, ending a 119-year relationship with PricewaterhouseCoopers (PwC) amid a British regulatory in(...)

Customers queue to use an ATM outside a bank  in Thessaloniki, Greece, yesterday. Photograph: Konstantinos Tsakalidis/Bloomberg

No one will be surprised if Greek banks fail to open. That will be the start of the financial accident that everyone fears, the consequences of which (...)

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(...)

Thirty-seven years ago, when Paul McGuinness signed a virtually unknown teen rock band called U2, he was also interested in making movies. After dr(...)

Christopher Morris, a chef from Fethard in Co Tipperary, was found dead in an apartment in the city of Las Heras in Mendoza, Argentina,  on Monday.

The son of a leading Irish race horse trainer has died from suspected carbon monoxide poisoning while travelling in South America. Christopher Morris(...)

Polina Gagarina of Russia received a warm reception from the 10,500-strong audience to qualify for the  final of the Eurovision Song Contest 2015 on on Tuesday night in Vienna, Austria. Photograph: Nigel Treblin/Getty Images 2:08

Hotly-tipped Russia qualified for the Eurovision Song Contest final last Tuesday night and received a strong response from the 10,500 audience members(...)

Deutsche Bank is studying the potential impact of Britain’s exit from the European Union on the firm’s business in the country and weighing options th(...)