Economics

Sterling fell sharply today after Bank of England Governor Mervyn King labeled the UK economic recovery "fragile".

THE EUROPEAN UNION has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state, reports The Telegraph.

GERMANY has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone, reports...

The UK economy has exited its longest recession since records began, with GDP growth of 0.1% in the final quarter of 2009.

Last week's news that the Chinese economy continued to power through the global economic crisis, with growth of 10.7%, adds weight to those who argue for a greater weighting to the country and emerging markets in general.

KRAFT'S largest shareholder, Warren Buffett, condemned the company's proposed £11.9bn takeover of Cadbury as a "bad deal" yesterday, saying he felt "poor" as a result, reports The Independent.

BRITAIN will have emerged from its deepest recession since the second world war when official data is released later this month, with the economy showing modest growth in the fourth quarter after 18 months of contraction, according to a respected economic...

US shares fell in early trading on the back of interest rate concerns following the Chinese Central Bank's decision to increase its inter-bank rate for the first time in four months.

Interest rates have been held at 0.5% for the eleventh consecutive month today.

The Dow Jones opened trading in the red on the back of disappointing employment figures showing the number out of work increased to 84,000 in December.