China confirms probe of ex-security chief Zhou

Investigation into “severe disciplinary problems”

‘Dark pool’ probes draw in UBS, Deutsche

Authorities request information on trading operations

Scots’ Yes campaign gains among undecided

Poll shows slight swing towards backing independence

UK mortgage approvals rise in June

Increase follows five months of declines

Ben Broadbent, member of the MPC, photographed in his office at the Bank of England this afternoon.
©Charlie Bibby

UK trade deficit not a threat to growth

BoE deputy says strong policy and overseas balance sheet reduces concern

Poundland Chairman Andrew Higginson photographed in an interview with Andrea Felsted. PHOTOGRAPH BY DANIEL JONES 2012 07815 853503
©Daniel Jones/FT

Higginson to become Wm Morrison chairman

Ex-Tesco finance director joins supermarket’s board

HK petition denounces pro-democracy group

Campaign of 1m signatures aimed at countering Occupy Central

Receivers put £650m Gherkin up for sale

City of London tower was designed by Lord Foster

Electra rejects Bramson’s board seat demand

Trust shuns activist manager’s request to lead strategy review

Deutsche Bank takes lead in fixed income

Lender’s second-quarter net income falls more than expected

Tokyo Olympic Games costs jump

Weak yen drives up price of materials

Comment and Analysis

India struggles with infrastructure dream

Modi must deal with previous projects that were stalled or aborted

Shale gas speed-up faces slow progress

Environmental constraints handicap Whitehall’s ambitions

Politics kept at bay in cheery Glasgow

Scotland’s staging of the Commonwealth Games has been joyful so far, marred little by discord

Best comments from our readers

"Politicians use tax as a social policy vehicle (e.g. cigarette taxes and tax credits) and an economic competitiveness weapon... Until its main purpose, a means of equitable funding expenditure is re-established as the dominant motivation, complexity will continue."
By cockney dave on Tim Harford: Why tax systems are trickier than Martian algebra

"The West Lothian Question is a complete non-issue. MPs are elected from all parts of the UK to make decisions about all parts of the UK... The fact that some decisions are devolved doesn't mean that those who are not subject to devolution are disadvantaged."
By RDerby on England may pay dearly for staying united with Scotland

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