Economics

The much coveted Nobel Prize for economics has been awarded to game theorists Alvin Roth and Lloyd Shapley for an "an outstanding example of economic engineering".

Monday 19 October, 1987, is known as 'Black Monday' after stock markets worldwide plummeted in a single day.

The Bank of England's chief economist Spencer Dale has warned printing more money "might do more harm than good" and could cause harm for the future.

The UK's unemployment rate fell in the second quarter of the year, from 8.2% to 8%, although the number of young jobseekers climbed over the period.

The UK economy has been given a surprise boost after the latest official data from the construction sector showed a smaller decline in output than previously announced.

The UK's unemployment rate showed a surprise fall from 8.3% to 8.2% in the first quarter, according to the latest figures from the Office for National Statistics.

FATCA

ECONOMICS

The International Monetary Fund has revised up its forecast for UK GDP growth in 2012 from 0.6% to 0.8%, amid the return of "some optimism" to the global economy.

Jonathan Ruffer, founder and director of boutique investment house Ruffer, has stepped back from direct involvement in the fund management within the firm.