Hedge funds have suffered their worst quarter in seven years after more than $15bn was pulled out by investors starting to fight back against the high fees charged across the industry.
With 98 per cent of the ballots counted, Donald Trump had secured 60.5 per cent of the vote in the empire state’s Republican primary election. In the Democratic primary, Hillary Clinton h...
The EU has given its strongest signal to date of its intent to crack down hard on Google’s mobile operating system, comparing an imminent antitrust case against Android to Brussels’ epic ...
Attempts by some of the world’s biggest oil producers to freeze output ended without a deal on Sunday night, after Saudi Arabia insisted Iran should be part of any agreement.
Last year’s deal on an €86bn bailout to prevent Greece from leaving the eurozone may need to be completely renegotiated with more realistic fiscal targets for the International Monetary F...
Regulators warned five big US banks to reform or face harsh sanctions after plans to show how they could be wound up in a crisis were deemed inadequate. The “living will” plans — a centra...
The heads of the world’s largest oil trading houses sought to draw a line under nearly two years of falling prices on Tuesday as Brent crude rose to its highest level this year. Vitol, Tr...
US Treasury Secretary Jack Lew called on the IMF to play a more aggressive role in policing exchange rate fluctuations, global imbalances and its members’ failures to live up to commitmen...
Following a week of corrosive headlines about his own financial affairs, UK Prime Minister David Cameron will today promise to create a new criminal offence for companies that fail to sto...
David Cameron has bowed to a week of political pressure and disclosed that he had made money from an offshore fund.
Iceland’s prime minister became the first casualty of the global revelations on offshore companies as he stepped down on Tuesday.
The Obama administration helped wipe more than $20bn off the market value of the drugmaker Allergan by unveiling a new push to curb the kind of tax-cutting deal it is pursuing with Pfizer.
A huge leak of documents from a Panamanian law firm has provided an unprecedented insight into the use of offshore financial centres by the rich and powerful, which could have reverberati...
An investor consortium led by China’s Anbang Insurance has lost the bidding war for Starwood Hotels & Resorts, after a person directly involved said it had failed to demonstrate it ha...
Global investment banks have suffered declines in their trading businesses of as much as 56 per cent in the first three months of the year, analysts believe, stoking fears of further lay-...
