FT

Europe’s largest independent clearing house is to cut charges by two-thirds and waive fees for high-volume traders as a price war intensifies in securities post-trade business

Irish banks are gearing up to repay more than €25bn of debt, in what could prove an important test of investor sentiment towards the broader eurozone financial sector

US companies face a “logistical nightmare” from a new rule forcing them to disclose the ratio between their chief executive’s pay package and that of the typical employee, lawyers have warned.

Concerns that the depressed US housing sector will remain a drag on the US labour market have mounted following the loss of nearly 120,000 jobs in construction and related businesses in the last three months for which statistics were available

Iceland’s Keflavik airbase, a bulwark of western security during the cold war, would be home to two squadrons of Russian-made fighter jets under plans being considered by Reykjavik

Germany’s Bundesbank has warned that its image has been damaged by provocative comments on immigration by a member of its board but it stopped short on Monday of demanding his immediate departure

Airline share prices have risen more than 70 per cent from their lowest point at the beginning of last year, as investors bet on a strong recovery in the highly cyclical aviation business

Genzyme rejected a takeover offer from Sanofi-Aventis, calling the French pharmaceutical group’s $69 a share bid ‘opportunistic’ and ‘unrealistic’

The first-half profit results for China’s banks looked eerily similar, highlighting the risks that are building up across the sector

Italian politicians from all sides criticised prime minister Silvio Berlusconi over his close political and economic ties to Libya as Muammer Gaddafi used a visit to Rome to call on Europeans to convert to Islam

Iran’s radical and conservative fundamentalists have ignored the orders of the regime’s supreme leader and reignited their war of words

The UN climate change panel needs a thorough overhaul of management and procedures, the world’s scientific academies said on Monday

Germany’s growth spurt led to a larger-than-expected rise in eurozone economic optimism in August but failed to mask diverging performances across the 16-country region

Poland’s economy grew by an unexpectedly strong 3.5 per cent in the second quarter, thanks in part to continuing strong exports to the rapidly rebounding German economy as well as resilient domestic demand

Asian stock markets are falling back with Tokyo shares sinking as the yen rebounds after disappointing stimulus measures from the Bank of Japan and amid scepticism over an improvement in US consumer spending and income

Intel, the US chipmaker, has agreed a deal to buy the wireless chip business of Germany’s Infineon

Japan has moved to shore up its fragile economic recovery, with the central bank announcing an extra Y10,000bn in cheap six-month financing and the government outlining a Y920bn ($10.8bn) package of stimulative measures

The price of steelmaking commodities iron ore and coking coal will drop next quarter for the first time in a year as lower steel production forces global miners Vale of Brazil and UK-listed Rio Tinto and BHP Billiton, to offer discounts on their supply contracts

Personal spending in the US is diverging into two distinct categories as strong growth at high-end stores contrasts with continuing difficulties for mass-market, low-price retailers

Google’s YouTube video site is in negotiations with Hollywood’s leading movie studios to launch a global pay-per-view video service by the end of 2010, putting it head-to-head with Apple in the race to dominate the digital distribution of film and television content