G20

Reform-minded outsider Widodo takes over as Indonesia's president

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JAKARTA - Indonesia's Joko Widodo took over as president of the world's third-largest democracy on Monday with supporters' hopes high but pressing economic problems and sceptical rivals set to test the former furniture businessman. | Video

Reform-minded outsider Widodo takes over as Indonesia's president

JAKARTA - Indonesia's Joko Widodo will on Monday take over as president of the world's third-largest democracy with supporters' hopes high but pressing economic problems and sceptical rivals set to test the former furniture businessman.

World, 12:43am BST

Getting used to the 'new mediocre'

LONDON - Evaporating inflation and slowing growth have put financial markets into such a spin that they could inflict further damage on the world economy.

Business, 19 Oct 2014

Three London FX traders leave JP Morgan and HSBC - sources

LONDON - Three London-based currency traders have left JP Morgan and HSBC , sources said on Tuesday, as investigations by banks and regulators into alleged collusion and manipulation in the $5.3 trillion-a-day market draw closer to a settlement.

Business, 14 Oct 2014

Irish tax changes may cost U.S. groups billions

LONDON - Ireland's plan to close a "Double Irish" tax loophole could cost U.S. companies including Apple and Google billions of dollars, although a new break and pressure to tackle tax avoidance elsewhere means they are unlikely to decamp.

Business, 14 Oct 2014

G20 watchdog toughens up new rule for securities financing

LONDON - Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".

Business, 13 Oct 2014

Australia PM says will confront Putin at G20 over downed flight MH17 'murders'

SYDNEY - Australian Prime Minister Tony Abbott said on Monday that he would use an upcoming G20 leaders summit to confront Russian President Vladimir Putin over the downing of Malaysia Airlines Flight MH17 and the "murder" of Australian citizens.

China's job market better than expected - central bank chief

BEIJING - China's labour market is performing better than expected and the economy is likely to grow around 7.5 percent this year, Central Bank Governor Zhou Xiaochuan said on Monday.

Business, 13 Oct 2014

Banks accept derivatives rule change to end 'too big to fail' scenario

LONDON - The $700 trillion (435 trillion pounds) financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.

Business, 12 Oct 2014

Banks accept derivatives rule change to end 'too big to fail' scenario

LONDON - The $700 trillion (435 trillion pounds) financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.

Business, 11 Oct 2014