Economics

Credit ratings agency Moody's has cut the rating of the Royal Bank of Scotland, amid fears its restructuring will 'heavily depress' profits.

Markets across Asia fell sharply overnight, with key indices shedding over 3%, as worries about the health of the Chinese economy and its ability to re-balance continued to hurt equities.

Analysts suggest the Bank of England may look to an unlikely source for interest rate guidance after New Zealand today became the first developed market to raise rates since the financial crisis.

Shares in the UK's three main supermarket chains have tumbled today after Morrisons warned profits could halve this year and raised the prospect of sector-wide discounting.

T Rowe Price's emerging market debt team has cut back on its Iraq government debt position, in anticipation of renewed political turmoil in the country.

Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term, endorsing comments made by colleague Charles Bean earlier this week.

Euan Sutherland, group chief executive of the troubled Co-operative Group, has offered to resign from his role less than a year in to the job, saying the company is "ungovernable".

New limits on pensions tax relief, a boost for VCTs, and a simplification capital gains tax law are some of the likely headlines from next week's Budget, according to Brewin Dolphin.

The FTSE 100 got off to a positive start on Monday, with shares shrugging off weak data from both China and Japan to move higher.

Polar Capital's chief executive Tim Woolley has sold 500,000 shares in the company for almost £2.4m.