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Prime minister pledges that the government will protect small business from the threat posed by ‘litigious culture’ and cap legal fees in disputes
SocGen seeks to axe investment staff
French lender may cut 13% of jobs in its corporate and investment bank as it announces it is ‘stepping up’ its restructuring of the division
Italian bond yields jump back above 7%
Rome’s 10-year yields stood at 7.06%, but the European Financial Stability Facility sold €3bn in three-year bonds, with order books rising to €4.5bn
Barnes & Noble eyes e-reader unit spin-off
US book retailer’s shares fall 20 per cent as analysts question how successful the e-reader business would be without the support of the retail chain
US private sector adds jobs in December
American companies last month added their most positions for a year in a further sign that the country’s labour market recovery is strengthening
China to take steps to boost consumption
Commerce minister highlights Beijijng’s new focus on raising domestic demand in the face of weakening exports and a property market downturn
Eurozone worries weigh on sentiment
Wariness over the region’s debt difficulties offset recent optimism about the global economy, leaving growth-focused assets scrambling for traction
Swiss bank chief refuses to stand down
Philipp Hildebrand says he is ‘not aware of any legal breaches’ in his wife’s forex transactions but accepts ‘the public also asks moral questions’
Romney presses for quick victory
Mitt Romney seeks to build on his new-found momentum by closing the gap with his more conservative rivals for the Republican nomination
Buffett to sing for Chinese New Year
Billionaire investor will sing and play guitar to celebrate the country’s upcoming Lunar New Year in a special broadcast on state television
