Economics

The president of the Confederation of British Industry (CBI), Sir Roger Carr, has called for an end to the "demonisation" of banks, energy companies and the defence industry.

Asian stocks fell overnight alongside US indices after a congressional committee in the States charged with reducing the nation's deficit failed on Monday to agree on cuts.

US shares plunged at opening ahead of an expected announcement politicians have failed to agree a deal to cut the US' sprawling budget deficit.

Warren Buffett has provided a much needed boost to Tesco by saying he is considering upping his stake in the supermarket giant.

Credit rating agency Moody's has warned on the status of France's AAA-rating after the yield on its bonds spiked last week.

Hungary has asked the International Monetary Fund (IMF) and the European Union (EU) for financial aid as its debt pile grows and its currency weakens.

Lloyds Banking Group has announced the interim replacement for group CEO António Horta-Osório [pictured].

The Financial Services Authority (FSA) has warned investors to be wary of a bogus firm trying to clone Sarasin & Partners.

Global markets fell this morning over fears the new Spanish government, instated over the weekend, will not be able to pull back its domestic economy from the brink of default.

ECONOMICS