The chief executive of the Royal Bank of Scotland, which is largely owned by the UK government, is to forgo a shares allowance worth £1m.

Australia's national carrier Qantas has reported its best half-year profit in four years as turnaround plans come to fruition.

Asian shares were mostly down on Thursday following US Federal Reserve chair Janet Yellen's reiteration that the Fed would consider interest rate rises "on a meeting-by-meeting basis".

UK state-owned bank RBS reports a £3.5bn loss for 2014, down from £9bn loss the previous year.

Chinese computer maker Lenovo becomes the victim of a cyber-attack following a warning by the US government about software called Superfish.

The TV licence does not have a long-term future and is likely to be replaced by a new levy within the next 15 years, a group of MPs says.

Bookmaker Ladbrokes reports a big fall in pre-tax profit for 2014 and expects to close 60 UK shops in the coming year.

India's government announces plans to invest $137bn (£88bn) to modernise its ageing railway network over the next five years.