Barclays set to name Jes Staley as CEO

Appointment of ex-JPMorgan investment banker likely within weeks

Labour signals U-turn on balanced budget

John McDonnell gets hostile reception from party’s MPs

London plays up the pomp for Xi’s visit

China enjoying ‘a golden time’ in diplomatic hyperbole

Fed official urges rates hold amid risks

Brainard says dangers to the US are ‘tilted to downside’

Facebook puts spotlight on Osborne levy

Social network company’s tax bill sparks questions on restructuring

China growth expected to fall below target

Economists’ bearish predictions highlight problem for policymakers

Draft rules hurt City’s China ambitions

Policymakers and banks wake up to draft’s full implications

Yodel to boost workforce by up to 7,000

Group seeks to prevent repeat of late deliveries last Christmas

400,000 UK VWs to need new engine parts

Recall of affected diesel vehicles set to start in January

Amazon’s Bezos plummets in CEO rankings

Founder slips to 87th after non-financial factors added

Tommee Tippee steps up US push

UK baby-products business targets online growth

Comment & Analysis

Bond predators humbled by distressed bets

Hedge funds lose 4.2% in year to date on debt bets

James Ferguson illustration
©James Ferguson

A global test of American power

Obama is under pressure, at home and abroad, to restore the image of US strength

Deaton shares his 3 big ideas

Scotland-born academic on inequality, poverty and foreign aid

Best comments from our readers

"Sure the US finance industry will grow larger. The question really is if you think that they are adding anything productive to the economy. Efficiently allocating capital does not seem to me to be such a difficult job as to deserve 20% of productive capacity of the economy. Perhaps it's extracting this rent from other sectors of the economy."
By IRLecon on Europe needs homegrown bulge bracket banks

"You are waaayyyy behind modern working environment. The thing to do is join a local office, such as the bazillions of hubs in a neighbourhood near you. The amount I saved on commuting was more than enough to join a hub many times over, which gives the social interaction, the feeling of work being important."
By BetaByNature on Spare yourself the loneliness of long-term home workers

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