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Shares in pharmaceutical giant GlaxoSmithKline rose to the highest price in 11 years after advisers to the US Food and Drug Administration reco(...)

Financial shocks coming from weak euro zone countries are three times more likely to destabilise the region’s economies than shocks from richer countries, according to new research. Photograph:  Michael Dalder/Reuter

Financial shocks coming from weak euro zone countries are three times more likely to destabilise the region’s economies than shocks from richer(...)

Raymond Bitar: pleaded guilty yesterday to two counts in Manhattan federal court. He was sentenced to time served

A US court yesterday ordered Raymond Bitar, founder of Irish-based Full Tilt Poker, to forfeit $40 million after he pleaded guilty to offences (...)

Cash bullion of 99.99 per cent purity sank as much as 8.4 per cent to 285.60 yuan a gram on the Shanghai Gold Exchange, the  lowest since February 2011. Photograph: Bobby Yip/Reuters

Gold dropped by the daily limit in Shanghai, following a slump in international prices, on expectations that demand for haven assets will contr(...)

Avon Products, the door-to- door cosmetics seller, is to close its Irish operations as part of a worldwide plan to cut 400 jobs and save $400 million by 2016.

Avon Products, the door-to- door cosmetics seller, is to close its Irish operations as part of a worldwide plan to cut 400 jobs and save $400 m(...)

An index measuring sentiment in the euro-area fell to its lowest point since December, after the Cypriot bailout pushed up the price of insuring against default for banks across the euro area. Photograph: Radu Sigheti/Reuters

European investor confidence declined more than economists forecast this month, after the bail-in of Cypriot bank depositors rattled financial (...)

Dell sell-off: the board has said it will seek the best possible offer for the company. Photograph: Thomas Peter/Reuters

Dell said it is willing to reimburse billionaire Carl Icahn for expenses he incurs in the process of bidding for the computer maker. Mr (...)

The British Parliamentary Commission on Banking Standards report said estimated impairments in Ireland between 2008 and 2011 totalled £10.9 billion,equivalent to 36 per cent of Halifax’s loan book at the end of 2008. Photograph: Brenda Fitzsimons

Bailed-out British lender HBOS was so badly run it would have failed even without the 2008 financial crisis and the regulator should consider b(...)

The UK economy will avoid another recession and exports will help propel a "modest" recovery this year, according to the British Chambers of Co(...)

Members of the group Casa In Action demonstrate for immigration reform in Washington, DC, last  month. A recent survey by the Brookings Institution indicates that more than 60 per cent of Americans believe undocumented immigrants should be granted a path to citizenship through immigration reform. Photograph: Win McNamee/Getty Images

US senators negotiating a bipartisan accord on US immigration policy expressed optimism yesterday that a plan will be ready for senate consider(...)

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