Economics

Pharmaceutical giant GlaxoSmithKline spent over £320m bribing Chinese doctors to prescribe its products, according to the country's police.

The Institute of Economic Affairs (IEA) is holding a competition to find the best plan for a 'Brexit' - a UK exit from the European Union.

The row between M&G and AIM-listed oil group Gulf Keystone Petroleum (GKP) worsened over the weekend after the energy company sent a highly critical note to shareholders.

Asian stock markets finished Monday's session firmer as the latest growth figures from China matched forecasts.

The rally across much of Europe has passed Spain by so far this year, with the country's chief index lower than at the start of 2013.

The UK is two years behind the US in terms of economic recovery, a leading fund manager has warned.

UK shares are enjoying a positive session despite the latest growth wobble in China, after the country's finance minister revealed the economy is going to undershoot the 2013 growth target of 7.5%.

Investors backing the US dollar were caught out last night after Ben Bernanke, chairman of the Federal Reserve, said stimulus measures are likely to remain in place in the US for some time.

Members of parliament are set to receive a pay rise of more than £6,000 from 2015, though other allowances will be scaled back, the MPs expenses watchdog is set to recommend on Thursday.

Credit ratings agency Moody's has upgraded its outlook for British banks from negative to stable, saying they are strong enough to withstand another financial crisis.