Pimco fund loses crown to Vanguard

Outflow since Bill Gross’s departure reaches more than $110bn

Spending on cancer drugs hits $100bn

Global record comes as industry set to launch new treatments

Appetite rises for debt finance in property

Intense competition for assets drives push for riskier returns

Visa expands UK mobile payments service

Competition is intensifying with launch of digital wallets

China to slow as ‘migrant miracle’ ends

Flow of rural labour that fuelled boom peters out

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Supreme Court to hear HMRC bonuses case

Tax authority to pursue UBS and Deutsche over employee schemes

National Front suspends Jean-Marie Le Pen

Comments on gas chambers leads to climax in row with daughter

In a sign that leveraged buyouts are being disrupted, the private equity-owners of Scandic, the Nordic hotel chain, has started hiring entrepreneurs to thwart new online rivals

Upheaval hits private equity industry

Online rivals, the end of cheap debt and venture capital groups threaten model

Study hits at ‘predatory’ Queensway Group

Report on HK-based network adds to concern over front companies

Asia bourses slide as Australia cuts rates

Reserve Bank of Australia trims interest rates to record low 2%

Osborne warns over ‘fallout Friday’

Chancellor says Labour win would hit business confidence

Comment and Analysis

China must prove Silk Road is serious

Beijing has tired of buying up endless volumes of US bonds, writes George Magnus

Europe’s timid embrace of digital economy

The EU’s task is to learn more and guard against special interests

Brazil suffers from recession and scandal

President Rousseff’s new economic pragmatism faces a gruelling test

Best comments from our readers


"'Delivering' is not just being stretched to mean 'doing': it's also being squeezed not to mean 'delivering' any more – a meaning which, weirdly, is now replaced by 'shipping', though no ships are ever involved. With the linguistic ice melting so fast beneath us, maybe we shall have to take up speaking French, or Welsh or something instead."
By Mark O'Sullivan on Twitter chief’s six common crimes against the dictionary



"In a few years, when cars are loaded to the roof with electronic gizmos, one of the manufacturers will launch a version with only useful stuff on it. The reduction in the selling price could be several thousand dollars. I wonder whether it would sell well?"
By RBater on Ford scraps plan to build car seat that detects heart attack


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