Markets

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.

J.P. Morgan's Nick Gartside and Barings' Alan Wilde have warned the UK's AAA-status is at risk of downgrade following the shock contraction in the second quarter's GDP.

Apple shares led the fallers on the Nasdaq shortly after open following a disappointing second quarter trading update from the tech giant.

The Financial Services Authority (FSA) has promised that one of its replacement bodies, the Financial Conduct Authority (FCA), will not be a retrospective regulator.

The redeveloped macroeconomic investment model at Guinness family office and fund manager Iveagh is pointing to a pick-up in the Chinese economy, according to CIO Chris Wyllie.

The UK economy shrank by 0.7% in the second quarter of the year, a far worse contraction than economists had forecast, keeping the UK mired in recession.

Anthony Bolton has said he expects to see more positive news emerging from China later this year after a fall in inflation left the authorities with more flexibility to boost growth.

Spain and Germany have moved to reassure investors the former will not need a full-blown bailout, while Greece has found itself back in the headlines after a warning it faces imminent bankruptcy.

Shares in technology giant Apple are today poised to fall around 5% after it delivered a trading update which missed expectations.