It has emerged that Britain’s five largest banks have agreed to bonus terms set out by the world’s leading nations at last week’s G20 summit.
The five UK banks that have accepted the curbs on bonuses are Barclays, HSBC, Lloyds, RBS and Standard Chartered.
Under the new terms set out at last week’s summit, up to [...]
Today the world’s largest economy received a boost after the Commerce Department revealed that the US economy shrank at a far slower rate in the second quarter than previous estimates showed.
According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the 1% previously reported and far [...]
Gold is selling close to $1,000 (£632) an ounce – up more than 20% over a year – but is this high price a signal you should buy or sell?
The International Monetary Fund’s (IMF) Global Financial Stability Report has provided a positive assessment of the global economy.
It has cut its amount likely to be written off globally in bad loans and investments by $600 billion to $3.4 trillion (£2.1 trillion).
According to the IMF, co-ordinated efforts by Governments and Central Banks have helped reduce the [...]
European equities markets were lower Wednesday after a measure of manufacturing activity in the Midwest United States showed a decline into contraction in September.
The Chicago Purchasing Managers’ Index dropped to 46.1 in September, against an expected rise to 52 after being at 50 in August.
The FTSE 100 was 0.5 percent lower to 5,133.9 in London, [...]
Eurostat today announced that consumer prices fell in the euro zone in September by a faster rate than they had in the previous month.
Furthermore, prices fell further than had been expected by economists after Eurostat said the inflation rate fell to -0.3% in the 12 months to September, from -0.2% in the year to August.
On [...]