Breaking Finance news

Liberty Reserve processed an estimated 55m transactions to launder $6bn in criminal proceeds from 2006 until May 2013, US authorities allege

Executives say the new unit will have strong brands, global scale, a balance sheet capable of funding acquisitions and opportunities

In a move that could undermine its tough stance on corruption when the act was passed in 2011, rules on facilitation payments are set for review

Top-name companies have suspended their Facebook marketing campaigns after the risks in a new form of targeted advertising were exposed

France, Spain and the Netherlands to be given a waiver on the annual 3% deficit limit on condition national governments embark on labour market reforms

Ministers in Moscow vow to fulfil a delivery contract for S-300 anti-aircraft missiles a day after the EU agrees to lift its embargo on arming rebels

Prices surged 10.9% in March from a year earlier driven by record-low mortgage interest rates, an improving jobs market and low inventory levels

The MSCI Asia Pacific index falls for fifth consecutive session, amid expectations that the US Federal Reserve will soon wind down its bond purchases

Meeting lays bare divisions within bloc as Britain and France prevail because – without unanimous agreement – a broader package of sanctions against Syria would have expired

The risk to children causes a serious ‘brake’ on progress in emerging economies, charity says in its study, which monitored 3,000 infants

Long-awaited Alternatives Review to conclude next month that other proposals are more costly or impractical, threatening to provoke a coalition split

Growing political debate over whether local authority pension funds, which manage some £180bn on behalf of 4.6m people, should be forced into mergers

Berlin’s resistance has undermined position of trade commissioner De Gucht as he confronts Beijing in the EU’s biggest ever trade investigation

Niall Booker says there are ‘no quick fixes’ as it is announced that he is to replace Barry Tootell as head of the mutual group’s banking arm

Letter to the RHJI points out company’s failings, offers resolutions that include ousting its board and calls for the return of cash to shareholders

Shares in French holiday resort group jump after biggest shareholders Axa Private Equity and Fosun International launch friendly offer

Deal is largest in about 60 acquisitions since Pearson took charge at Valeant, boosting the group’s share price after takeovers fuelled by debt

Specialised component makers see tenfold rise in market value as South Korean group’s global smartphone dominance grows

Exporter shares lead fall in Japanese stocks as yen rises, with sentiment in Asia weak amid questions over when the Fed will taper off its stimulus programme

Booming Brixton is leading the way, as analysts credit a strengthening economy and improving mortgage availability more than the Help to Buy scheme