Ferrari will ramp up investment in new technology by half to €2bn through 2017 as the Italian marque seeks to build the world's most fuel-efficient high-performance engines. "Ferrari will build the ...

WM/Reuters plans to overhaul its foreign exchange fix, the pivotal financial benchmark at the centre of a global regulatory probe into allegations that traders are trying to manipulate the $5.3tn a ...

Citigroup said Rohan Ramchandani, its former head of European spot trading who was already on leave, had left the bank, a departure that comes amid a global probe into the fixing of foreign exchange ...

The Co-operative Bank will next week attempt to draw a line under its ill-timed merger with Britannia building society by writing off at least £500m of bad commercial property and mortgage loans it ...

Christophe Salmon, a former BNP Paribas financier, will take over from Pierre Lorinet in September, the company has said in a statement. "I have decided it is time to take a career break and devote ...

Modest English devolution could add £144bn to the UK economy by 2020 by handing greater spending control to the regions, according to a survey of local business and political leaders. Localis, a think ...

The main "flashpoint" for arts funding is the threat to local authority spending, the chairman of Arts Council England has warned. ACE's annual grant-in-aid funding of £730m has been slashed by a ...

Tesla Motors, the US electric car manufacturer, announced plans to sell at least $1.6bn in convertible senior notes to raise funds for a vast new battery factory as its shares hit a record high on ...

The European Central Bank and the People's Bank of China have established a currency swap agreement, the latest in a string of moves to help encourage global use of the renminbi. The swap line, at ...

Charterhouse Capital Partners has highlighted private equity groups' increasing appetite for the education sector after agreeing to pay $2bn for SkillSoft, a US teaching software provider. The ...

Britain's workers became less productive in the final quarter of 2014, highlighting a significant weakness that has dogged the UK economy for eight years. After a hat trick of good economic news this ...

Former employees of ICAP, Rabobank, the Royal Bank of Scotland, Deutsche Bank and UBS were among 22 names that the UK Serious Fraud Office included as alleged co-conspirators on a draft indictment ...