The UK government said it will sell a majority stake in 360-year-old Royal Mail via an initial public offering by the end of March.

A last-minute package of rescue loans that saves Cyprus from a banking collapse and bankruptcy helped push Asian stock markets higher today.

Japan’s benchmark stock index jumped as a softening yen helped boost the country’s powerhouse export sector.

ROYAL Bank of Scotland’s decision to cut jobs at its investment bank, RBS Securities, by more than a quarter may kickstart a wider shake-up among its rivals.

THE European Central Bank’s unprecedented cash injection is easing borrowing costs for Italy, Spain and Belgium, compensating for the lack of a solution to the debt crisis and the risk of recession.

EUROPEAN stock markets made a positive start to the week on the back of the continent’s super-powers ramping up attempts to end the eurozone debt crisis and save the future of the single currency.

IRISH bank shares soared yesterday but stocks across Europe slid as fears mounted about the spread of a crisis.

THE group of G20 nations have failed to agree on a proposal to impose a global tax on banks aimed at making the financial industry shoulder the cost of bailouts, settling instead for a common set of guidelines.

A US bankruptcy judge approved the sale of Lehman Brothers Holdings’ prized investment management unit to a group of managers and employees.

The list of investors who say they were duped in one of Wall Street's biggest pyramid schemes is growing, snaring some of the world's biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities.

Japan’s key stock index today plummeted more than 11% – the biggest one-day loss in 21 years – as sobering reports on the US economy intensified recession fears.

Creditors of collapsed Lehman Brothers have asked a US judge to allow an investigation into whether JPMorgan played a role in weakening the investment bank as it headed towards bankruptcy.

Wall Street extended its decline today, dipping lower after the Labour Department said productivity was flat in the third quarter while wages rose nearly 4%.