Bank of America pays Fannie Mae and Freddie Mac $2.6bn

Bank of America has agreed to pay US mortgage giants Fannie Mae and Freddie Mac about $2.6bn (£1.7bn) to settle claims…

Porsche shares surge on hopes of VW merger

Shares in German carmaker Porsche have soared after a US judge dismissed a lawsuit that had threatened to de-rail a planned merger with Volkswagen Two hedge funds claimed more than $2bn (£1.3bn) in damages over a 2008 deal in which Porsche bought…

Europe’s Eastern periphery

"There are more risks to being inside the eurozone than being outside." Those were…

Russia-China oil pipeline opens

The first oil pipeline linking the world's biggest oil producer, Russia, and the world's biggest consumer of…

FirstCaribbean hikes fees on New Year’s Day

FirstCaribbean International Bank Jamaica has slapped huge increases on a range of transactions effective New Year's…

Top 10 business stories in 2010

IN 2010, the Jamaican dollar appreciated for the first time in 18 years and interest rates fell to the lowest in 25…

Copper enters 2011 at record high

The price of copper has hit a new all-time high, rounding off a year in which industrial metals rebounded…

Indian Citibank ‘fraudster’ arrested

Police in India have arrested a Citibank employee accused of defrauding clients out of millions of dollars. Shivraj…

FSA fines treble to £89m in 2010

Fines handed down by the UK city regulator almost tripled during 2010 from the year…

New £32m Thames road bridge at Walton approved

A £32.3m bridge over the River Thames has been given the go-ahead by the government. The new Walton Bridge in…