Economics

The euro has continued to fall in overnight trading as a stronger dollar and expectations of full-blown quantitative easing weigh on the single currency

The government will fail to deliver planned spending cuts within the next Parliament and interest rate rises are off the table until summer at least, according to a survey of economists.

Aberdeen Asset Management's CIO and Standard Life Investments' head of global strategy are among those to have been recognised in the 2015 New Year honours list.

The FTSE 100 is set to post a loss of around 2.5% for 2014 after falling back sharply yesterday (30 December) following several days of gains.

UK GDP is confirmed to have risen 0.7% in Q3 - but the Office for National Statistics (ONS) has revised down a string of recent annualised growth figures.

The UK's current account deficit widened faster than expected in the third quarter to reach a record high of £27bn.

Saudi oil minister Ali al-Naimi, the most significant voice in the OPEC cartel, has said the group will not cut production even if the price of oil falls to $20 a barrel.

The Financial Reporting Council (FRC) is to investigate several years' worth of Tesco financial statements following the revelation the supermarket overstated profits earlier this year.

Vladimir Putin has said Russia could take as long as two years to recover from its burgeoning economic crisis.

A hawkish statement from the Federal Reserve has been perceived by markets as another step towards an interest rate rise, although it is unlikely to come before April 2015.