VW starts to cut investment after scandal

Pressure on new chief executive Matthias Müller to find savings to pay fines and settle lawsuits

SABMiller agrees to takeover by AB InBev

London-listed brewer accepts in principle £44-a-share proposal

Ireland sets out €1.5bn budget giveaway

Recovery allows for tax cuts and spending pledges

Investors see return to Barclays bullish ethos

Veteran US investment banker Staley chosen as new chief

Barclays set to pick Jes Staley as chief

Appointment of ex-JPMorgan investment banker likely within weeks

UK backs out of Saudi prison deal

Contract was part of scheme to sell civil service expertise

Official: missile brought down MH17

Kiev criticised for not closing airspace

Gertjan Vlieghe of the BoE MPC
©Gertjan Vlieghe

Treasury committee accuses BoE on Vlieghe

Bank had allowed MPC appointee to keep interest in hedge fund

Labour MPs poised to rebel on fiscal charter

Parliamentary party meeting described as ‘brutal’ and ‘carnage’

Greg Medcraft approached to lead FCA

Australian regulator is contender to head UK watchdog

GE sells finance arm to Wells Fargo

Major step towards meeting goal of $200bn in asset sales

Comment & Analysis

Bloomberg 2016 is a billionaires’ fantasy

Talk of a third party candidacy reflects unease with today’s fractious politics

China’s Great Game: Road to a new empire

FT series: A modern Silk Road is Beijing’s signature foreign policy

US oil output rises despite drilling fall

US oil producers have managed to offset collapse in drill rig numbers with efficiency gains

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

Market-moving news and views, 24 hours a day

Sorry, Fast FT is unavailable at the moment