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.

Market Report: Redrow rallies as 'double dip' fears ease

Housing sector stocks bounced back last night, with Redrow rebounding by almost 7 per cent after the bulls moved in on the view that the market was disproportionately discounting the possibility of "double dip" in house prices.

Abu Dhabi says it was duped by Citigroup over investment deal

Emirate desperate to tear up agreement after share collapse at banking giant

Citigroup in $20.5bn cash call to repay bailout funds

Move will allow bank to pay executives and top traders bumper bonuses

Terra Firma sues Citi over 'fraudulent' auction for EMI

US banking giant accused of lying during bid process for British music company

Citigroup sued by Terra Firma over EMI deal

British private equity firm Terra Firma accused Citigroup Inc of fraud and sued the bank for billions in damages in connection with Terra Firma's purchase of music business EMI Group in 2007, court documents filed yesterday in New York showed.

Stephen Foley: Time to put the brakes on Citigroup

US Outlook: Vikram Pandit, Citigroup's chief executive, has spent the past week lashing a horse to the back of a cart and trying to persuade everyone that he's created a roadworthy vehicle.

Citigroup sounds out investors on $15bn cash call to repay bail-out

Regulators urge caution over bank's ambitions

Citi and UBS to advise on sales

Investment banks Citi and UBS will be retained as advisers to the Government and London & Continental Railways (LCR), when the Channel Tunnel rail link is sold next year.

Seegers out as Diamond wins again in the power struggle at Barclays

Barclays' retail banking chief, Frits Seegers, is to quit the bank in the wake of a surprise shake-up of the bank's board. Mr Seegers is understood to have been unhappy with plans to remove commercial banking operations from his remit and will receive a pay off of around £700,000.

The Week Ahead: Future looks good for BSkyB's HD business

Analysts expect to hear of strong demand for BSkyB's HD, or high-definition, products when the satellite television group posts first-quarter results at the end of this week.

Market Report: Rexam rises as investors look Stateside

The packaging manufacturer Rexam firmed up last night as investors bought in ahead of updates from the group's American peers.

Citi sells Phibro and ends bonus furore

The US banking giant Citigroup has sold Phibro, its oil trading business, in a deal that helps the group to avoid potential sticky questions over a $100m (£63m) bonus paid to star trader Andrew Hall.

Tesco to report sales slowdown

Tesco, Britain's biggest retailer, will report half-year profit figures this week under a cloud of warnings over falling food prices which analysts say will hit profits at food supermarkets over the next year.

Balfour Beatty to buy US project group for $626m

Friendly takeover of Parsons Brinckerhoff to be financed by rights issue
Arts and Entertainment
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Prices correct as of 17 April 2015
Armenian genocide: To continue to deny the truth of this mass human cruelty is close to a criminal lie

Armenian genocide and the 'good Turks'

To continue to deny the truth of this mass human cruelty is close to a criminal lie
Lou Reed: The truth about the singer's upbringing beyond the biographers' and memoirists' myths

'Lou needed care, but what he got was ECT'

The truth about the singer's upbringing beyond
Migrant boat disaster: This human tragedy has been brewing for four years and EU states can't say they were not warned

This human tragedy has been brewing for years

EU states can't say they were not warned
Women's sportswear: From tackling a marathon to a jog in the park, the right kit can help

Women's sportswear

From tackling a marathon to a jog in the park, the right kit can help
Hillary Clinton's outfits will be as important as her policies in her presidential bid

Clinton's clothes

Like it or not, her outfits will be as important as her policies
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
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His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace