Economics

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.

In an exclusive interview, Hugh Hendry explains his 'out of the box' thinking, analyses a policymaking pivot, and responds to critics who claim he has 'gone over to the dark side'.

UK inflation is likely to remain below target for longer, but some members of the Monetary Policy Committee (MPC) see possible risk factors that could cause it to overshoot its 2% target in the coming year.

UK unemployment fell by 63,000 to 1.96 million in the three months to October, while wage growth picked up, according to the Office for National Statistics (ONS).

The Federal Reserve may have to resort to an 'aggressive' rate hike as a consequence of stalling the decision for too long, according to Schroders' Strategic Bond fund manager Gareth Isaac.

The FTSE 100 has endured a volatile session as the impact of the falling oil price and Russian currency collapse continue to reverberate around global markets.

UK CPI inflation fell further than expected in November to its lowest level since 2002, according to the Office for National Statistics (ONS).