The oil price falls below $28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem.

World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and US activity steady.

British bank HSBC fires six staff after they filmed a mock Islamic State-style execution video during a team-building day out and posted footage online.

HSBC, Europe's biggest bank, is planning to cut 20,000 jobs around the world as it tries to reduce costs and simplify its business.

Two UK banks have started internal reviews into whether they were used for corrupt payments by Fifa officials.

Asia's two largest economies, China and Japan witness factory activity expand at a slower pace in March, suggesting that their recovery may be losing momentum

The dollar slumps the most since October 2011 after the Federal Reserve reduced projections for interest- rate increases and expressed concern the dollar's surge is weighing on exports and inflation

Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering

WITH a former HSBC banker blowing the top off the bank's scandal and the French authorities launching a full blown investigation in 2008, evidence has emerged that nationals of Bangladeshi origin are among those suspected of money laundering between the years 1985 and 2006.