Standard Chartered's chief executive, Peter Sands, right, received a modest pay rise last year to take his package to $8m (£5m), but his counterpart at Credit Suisse, Brady Dougan, saw his pay more than halved to Sfr5.8m (£4m).

A takeover battle erupted yesterday for the Mozambique-focused oil explorer Cove Energy, after Shell's £992m bid was trumped by a far bigger offer of £1.12bn by Thailand's state-owned PTT Exploration.

Liverpool have dismissed claims they were pressured into issuing apologies over the Luis Suarez affair by shirt sponsors Standard Chartered.

Standard Chartered tells club of 'disappointment' over player's failure to shake hands with Evra

Alastair Cook's career-best 137 near single-handedly kept England competitive with a total of 260 for seven in the first one-day international at the Zayed Stadium.

Liverpool managing director Ian Ayre believes the club's vast global appeal gives them the financial muscle to absorb revenue lost from missing out on European football.

The Independent on Sunday: Industry set to plumb the depths

Britain will suffer a deeper recession than previously thought, leading economists have warned.

The private equity arm of financial services group Standard Chartered has secured a stake in a Saudi construction company in a deal worth $75m.

Standard Chartered, the British bank that makes most its profits in Asia, said yesterday it was on course to report its eighth consecutive year of record profits after a 17 per cent jump in its bottom line in the first half.

With the five major UK banks releasing interim results this week, their global peers have seemingly been doing their best to dampen sentiment.

China, the world's biggest owner of US Treasuries, turned up the pressure on the US to sort out its sovereign debt woes yesterday as its official news agency labelled American politicians "dangerously irresponsible" for failing to resolve the crisis.