Markets

Economists have warned the UK could suffer a triple-dip recession next year after the recovery effects of the Olympics wear off.

The British economy's "capacity to absorb shocks" will help it to recover from recession and ensure it keeps its AAA credit rating, Standard & Poor's (S&P) said.

Facebook shares have fallen 15% after the company reported a drastic slowdown in revenue growth and failed to reassure investors on its ability to boost advertising growth.

The US economy has beaten forecasts from analysts after it expanded by 1.5% in Q2.

Fewer financial institutions will be able to dodge the incoming FATCA rules, according to the latest agreement on the US tax regime.

European stocks are climbing after a four day sell-off, following a pledge from European Central Bank president Mario Draghi that the ECB will "do whatever it takes to preserve the euro".

HSBC's Mexican business has been fined $27.5m for failing to comply with anti-money laundering regulations.

Shares in Royal Dutch Shell fell almost 4% this morning as the weak oil price and North American gas prices dragged on profits in the second quarter.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

The British Bankers Association (BBA) has come under fire from a former member of the LIBOR compilation team at Thomson Reuters, who claims the organisation was told on a weekly basis in 2008 that the rates were being distorted.