Twitter has set a price of $26 for its initial public offering of stock, which means the company’s shares can begin trading today on the New York Stock Exchange.

Barclays boss Antony Jenkins will attempt to break from the bank’s scandal-hit past this week by announcing the closure of its tax avoidance unit and the cull of around 2,000 investment banking jobs, it was reported today.

Barclays Capital says it plans to lay off 275 employees at three offices in New York.

Kenya has moved a step closer to being the next big geographical base for Tullow Oil, after the Irish-founded exploration company made a further significant oil find at one of its assets there.

The ECB chief’s plan is awaited with interest by the markets, writes Alan Wheatley

The leadership crisis at Barclays showed no signs of easing today after the frontrunner for the role of chairman reportedly withdrew from the race.

A phone call between Barclays boss Bob Diamond and the Bank of Englandultimately led to some of the rate-rigging actions at the heart of the ongoing banking scandal, the bank said yesterday.

A phone call between Barclays boss Bob Diamond and the Bank of England ultimately led to some of the rate-rigging actions at the heart of the ongoing banking scandal, the bank said today.

Barclays boss Bob Diamond is facing mounting calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.

Serious Fraud Office investigators are in talks with the City watchdog in Britain over the Barclays rate-rigging scandal that has rocked the banking industry, Chancellor George Osborne said today.

More banks in the UK could be caught in the scandal which saw Barclays pay £290m to settle claims that it used underhand tactics to try to rig financial markets.

Bob Diamond, the chief executive of Barclays Bank, has painted himself as the ultimate self-made man, rising from nothing to lead a bank with £33bn in assets. But all that glisters may not be gold for the banker, says Kyran Fitzgerald

A shareholder revolt over the pay of chief executive Bob Diamond is set to hit UK banking giant Barclays at its annual meeting later this month.

World markets wallowed in the red today as investor confidence was hit by fears over slowing growth in Asian powerhouse China.

Barclays was accused of ignoring anger over bonuses and running “business as usual” as it revealed a £1.5bn (€1.8bn) pot for investment bankers yesterday.

Banking giant Barclays slashed the bonus pool for its investment banking arm by 32% in 2011 to £1.5bn (€1.78bn0)amid mounting pressure over the controversial payouts.

Banking giant Barclays will report another multibillion-pound profit haul tomorrow despite a turbulent year for its powerhouse investment arm.

Britain's Barclays bank will reportedly attempt to defend itself against "banker bashing" by revealing it's cut pay and met targets for lending to businesses.

Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fester much longer.

A union representing 20,000 oil and gas workers in Nigeria has threatened to shut down all production starting on Sunday as part of a crippling nationwide strike over spiralling fuel prices.

BANKERS expect agriculture to more than hold its own in 2012. As a result, they are encouraging investors to get involved in agricultural commodities.

Barclays is reportedly planning to pay its investment banks an estimated £5bn (€5.8bn) this year despite calls for restraint from Bank of England governor Mervyn King.

EUROPE’S finance chiefs will try again next week to end a deadlock over bank funding, after the industry regulator warned time is running out to revive confidence across the eurozone.

EBAY, the world’s largest online marketplace, forecast fourth-quarter sales and profit last night that missed some analysts’ estimates as it spends more on marketing products to woo developers and strengthen its payment services.

British supermarket giant Asda has secured a financial boost ahead of a planned tilt at frozen food retailer Iceland, it was reported today.

WHEN Jean-Claude Trichet retires on October 31, the euro area may lose more than just a European Central Bank president.

INTEREST rates could rise again before the year is out, following indications from the European Central Bank (ECB).

ITALIAN Prime Minister Silvio Berlusconi, facing record bond yields and calls for his resignation, said Italy is “up to the task” of tackling the debt crisis as its economic fundamentals are solid.

BARCLAYS, Britain’s second-largest bank by assets, is eliminating about 3,000 jobs this year as second-quarter investment banking profit fell by more than 25%.

Banking giant Barclays saw a 33% drop in profits to £2.6bn (€3bn) in the first half of the year as the payment protection insurance scandal took its toll.

GREENCORE is to acquire British convenience food group Uniq for about £113 million (€125m).

THE head of the European Central Bank (ECB) says it has a responsibility to 331 million people in the eurozone — not just Ireland.

ITALIAN Prime Minister Silvio Berlusconi overcame coalition infighting to win a vote of confidence, his first parliamentary test since suffering two stinging electoral losses.

THE results from Greencore, former owners of Irish Sugar — shut down a few years ago due to misguided thinking — showed some resilience.

THE shares of Greencore Group, whose focus is the own-brand convenience food sector in Britain, rose 2.99% to €2.99 yesterday, following speculation about its future.

The FTSE 100 Index closed in the red today as a raft of disappointing earnings and falls among miners dragged the market lower.

The FTSE 100 Index fought back today despite a flurry of disappointing company updates and a lacklustre performance from the UK economy.

Barclays today reported a 9% drop in quarterly profits after it saw a sharp fall in income from its investment banking arm.

Banking shares kept the London market aloft today following bullish comment on the sector from investment brokers.

Japan’s central bank is continuing to pour cash into the banking system to calm jittery money markets as the yen shot to a record high.

Japan’s central bank pumped billions more into the financial system today to quell fears that the country’s banks could be overwhelmed by the impact of the earthquake and tsunami.

Bank of England governor Mervyn King today played down the prospect of an imminent interest rate hike despite signalling borrowing costs would need to rise to curb inflation.

The City today priced in an interest rate rise in May with potentially two more hikes to come later in the year.