News

Two of the world's largest banks suspended, or put on leave, traders in London and New York yesterday as part of an investigation into alleged manipulation of the trillion-dollar currency market.

Lloyd Blankfein, Chairman and CEO of Goldman Sachs Group

Goldman Sachs quarterly profits decline- but beat expectations

Goldman Sachs beat Wall Street forecasts for its fourth-quarter earnings, largely thanks to paying its bankers less

US watchdogs visit Citigroup's London headquarters amid forex probe

Two of the most powerful watchdogs in the US have sent investigators into the London headquarters of the giant bank Citigroup as the probe into alleged manipulation of global currency markets.

Three City traders deny charges of fraud by rigging Libor interest rates

Three City of London traders who are accused of manipulating markets by rigging Libor benchmark interest rates denied all the charges yesterday at Southwark Crown Court.

Market Report: Marks & Spencer on Citi's shopping list

We are richer, there are more jobs and we are saving less, so we must be shopping more. Analysts at Citi think "material upgrades to the UK economic growth" will benefit retailers. This coupled with "management initiatives" make high street stalwart Marks & Spencer a more attractive company than before.

Market Report: IMI flares up on shale gas boom

The shale gas boom in America's Midwest has been a boon to the Birmingham engineer IMI and news of its strong results yesterday helped it soar to the top of the benchmark index. IMI makes valves that control fluid flow in a host of products from drink dispensers and heating systems to nuclear plants, but the growth of the United States' shale gas sector has been a big area of expansion for the company.

Nikhil Kumar: So will the SEC start getting tough
with wrongdoers? Don’t bank on it

Is the Securities and Exchange Commission (SEC), the US government agency charged with policing the markets, finally getting tough?

Gem unearths third giant diamond

Gem Diamonds has recovered a 100-carat diamond from its Letseng mine in Lesotho – the third such discovery there since May.

Hands lives to fight another day in court after Terra Firma wins appeal on EMI deal

A US appeals court has thrown out a 2010 ruling against a claim by Guy Hands that he had been tricked by Citigroup into overpaying for EMI, setting the stage for a fresh showdown between the private-equity mogul and the bank over the sale of the London-based music business.

Market Report: Dividend fears cause National Grid tumble

The power was pulled from National Grid amid fears of a dividend cut as the wider London market also took a tumble yesterday. Vague rumours that the energy company could cut its dividend sent it to the bottom of the benchmark index.

New Yorkers have embraced the Citi Bikes

Two days in: How are Mike’s Bikes doing in New York City?

New York City, home of the horn-leaning taxi driver and death-wish bicycle courier, has survived a second day on its version of London’s Boris Bikes. At the time of writing, there were no reported calamities involving the new swarm of 6,000 rental machines.

Market Report: Morrisons goes on Citi's shopping list

Shares in Bradford's supermarket chain were in danger of being left on the shelf after weak results, but yesterday City scribblers said it was time to put Morrisons in the buy basket.

Barack Obama's choice for Treasury Secretary grilled on his finances

Jack Lew, President Barack Obama's pick to replace Tim Geithner as Treasury Secretary, was grilled on his tenure at Citigroup, with Republican lawmakers pressing him on his past investments in a Cayman Islands fund and on a nearly $1m bonus he received as Citi was receiving government support during the financial crisis.

Spotlight On... Jack Lew; US Treasury Secretary elect

He's the new Tim Geithner, is that correct?

Market Report: Weekend blues – or has the rally ended?

Have we seen a quick bit of profit-taking, or is the rally really over? Yesterday the FTSE 100 index lurched and lost 100.4 points – the biggest one-day fall since early November. The finish, at 6,246.84, was in contrast to Friday, when the Footsie ended the week on a near five-year high.

Hamish McRae: Lengthy stagnation for West in a two-tier world

Economic View: In this slow-growing world, how can we protect our savings from being whittled away by inflation?

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There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
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Caroline Flack became the tenth winner of Strictly Come Dancing
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Elton John and David Furnish will marry on 21 December 2014
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The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

The 12 ways of Christmas

We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
Birdwatching men have a lot in common with their feathered friends, new study shows

The male exhibits strange behaviour

A new study shows that birdwatching men have a lot in common with their feathered friends...
Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

Famous diaries: Christmas week in history

Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
From noble to narky, the fall of the open letter

From noble to narky, the fall of the open letter

The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'
Marian Keyes: The author on her pre-approved Christmas, true love's parking implications and living in the moment

Marian Keyes

The author on her pre-approved Christmas, true love's parking implications and living in the moment
Bill Granger recipes: Our chef creates an Italian-inspired fish feast for Christmas Eve

Bill Granger's Christmas Eve fish feast

Bill's Italian friends introduced him to the Roman Catholic custom of a lavish fish supper on Christmas Eve. Here, he gives the tradition his own spin…
Liverpool vs Arsenal: Brendan Rodgers is fighting for his reputation

Rodgers fights for his reputation

Liverpool manager tries to stay on his feet despite waves of criticism
Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

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Michael Calvin: Sepp Blatter is my man of the year in sport. Bring on 2015, quick

Michael Calvin's Last Word

Sepp Blatter is my man of the year in sport. Bring on 2015, quick