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.

Questions Of Cash: 'Nationwide held on to my ISA for six months'

Q. A couple of years ago you helped with a large debt from O2 Ireland. As a result of your help, O2 Ireland stopped making demands for an old disputed mobile phone bill. But now my mother in County Cork has received a demand from debt collectors for €1,180.34 (£1,060), addressed to me. MR, London.

Market Report: Centrica flares higher on payout hopes

Earnings hopes supported Centrica as the FTSE 100, hit by another round of weakness in the mining sector, traded lower last night.

Change of tune at EMI

Guy Hands' Terra Firma has endured a torrid time since its acquisition of EMI. Now it is changing its management. Nick Clark reports

McCartney backs bid to save Abbey Road studios

Former Beatle Sir Paul McCartney told of his hopes that the famous Abbey Road Studios could be saved after reportedly being put up for sale by owner EMI.

World famous Abbey Road recording studios up for sale

London's iconic Abbey Road recording studios have been put up for sale by embattled music group EMI, it was reported today

Hit turns to miss as Hands sues Citigroup over EMI deal

Terra Firma's boss says he bought the now struggling music company for a 'fraudulently inflated' £4.2bn.

Citi hits back as Hands tries to block trial move

Terra Firma founder argues that his case against bank should be held in New York not London

Big bonuses at Citigroup despite huge losses

Citigroup, the embattled American bank, yesterday unveiled huge losses for the second year in a row. The bank said it shed $1.6bn last year after it plunged into the red in the fourth quarter, largely thanks to repaying $6bn of US government support.

'Enormous progress' as bank loses £4.7bn

US banking giant Citigroup reported a full-year loss today but hailed "enormous progress in 2009".

Market Report: Cairn lifted by hopes for Greenland drilling

Cairn Energy stood out as the FTSE 100 touched a new 16-month high yesterday, with buyers outnumbering sellers amid hopes for the oil and gas prospector's foray into Greenland.

Market Report: Smiths grounded after airports boost

Smiths Group fell prey to a round of profit-taking last night as traders moved to secure recent gains, believing that the potential boost from the scramble for airport scanners might prove to be relatively limited.

Russian miner turns to Citi in $9bn flotation

Citi, the investment bank, will help to lead the London listing of the Russian coal giant Suek, one of a number of huge initial public offerings (IPOs) in 2010.

What's on the books for 2010

As the US, bastion of free market capital, pumps another $3.8bn into the car loans giant GMAC, Stephen Foley reports on the unfinished business of the crunch

Stephen Foley: When will Citigroup pay for its sins?

US Outlook: Surely this week's fund-raising debacle is the final straw for shareholders, when it comes to their tolerance of Vikram Pandit's incompetent leadership at Citigroup?

Citi shares dive on botched sale

Shareholders and analysts have reacted angrily to Citigroup's botched $20.5bn (£12.5bn) fundraising, in which poor demand from investors drove the banking giant's share price sharply lower and left the US government unable to sell any of its stake.

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Independent Travel
Vietnam & Cambodia
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Prices correct as of 17 October 2014
The drugs revolution starts now as MPs agree its high time for change

The drugs revolution starts now as MPs agree its high time for change

Commons debate highlights growing cross-party consensus on softening UK drugs legislation, unchanged for 43 years
The camera is turned on tabloid editors in Richard Peppiatt's 'One Rogue Reporter'

Gotcha! The camera is turned on tabloid editors

Hugh Grant says Richard Peppiatt's 'One Rogue Reporter' documentary will highlight issues raised by Leveson
Fall of the Berlin Wall: It was thanks to Mikhail Gorbachev that this symbol of division fell

Fall of the Berlin Wall

It was thanks to Gorbachev that this symbol of division fell
Halloween 2014: What makes Ouija boards, demon dolls, and evil clowns so frightening?

What makes ouija boards and demon dolls scary?

Ouija boards, demon dolls, evil children and clowns are all classic tropes of horror, and this year’s Halloween releases feature them all. What makes them so frightening, decade after decade?
A safari in modern Britain: Rose Rouse reveals how her four-year tour of Harlesden taught her as much about the UK as it did about NW10

Rose Rouse's safari in modern Britain

Rouse decided to walk and talk with as many different people as possible in her neighbourhood of Harlesden and her experiences have been published in a new book
Welcome to my world of no smell and odd tastes: How a bike accident left one woman living with unwanted food mash-ups

'My world of no smell and odd tastes'

A head injury from a bicycle accident had the surprising effect of robbing Nell Frizzell of two of her senses

Matt Parker is proud of his square roots

The "stand-up mathematician" is using comedy nights to preach maths to big audiences
Paul Scholes column: Beating Manchester City is vital part of life at Manchester United. This is first major test for Luke Shaw, Angel Di Maria and Radamel Falcao – it’s not a game to lose

Paul Scholes column

Beating City is vital part of life at United. This is first major test for Shaw, Di Maria and Falcao – it’s not a game to lose
Frank Warren: Call me an old git, but I just can't see that there's a place for women’s boxing

Frank Warren column

Call me an old git, but I just can't see that there's a place for women’s boxing
Adrian Heath interview: Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room

Adrian Heath's American dream...

Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room
Simon Hart: Manchester City will rise again but they need to change their attitude

Manchester City will rise again but they need to change their attitude

Manuel Pellegrini’s side are too good to fail and derby allows them to start again, says Simon Hart
Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes