News

Bank of England monetary policy committee member Martin Weale has said he would prefer a base rate cut to further quantitative easing, were the Bank to unveil more stimulus measures.

Richard Black is avoiding ‘usual suspect' stocks Aviva and Tesco in his L&G UK Equity Income fund over fears their strategies are wrong in the current environment.

HSBC is in talks to settle with US regulators over a money laundering investigation, but increased regulatory scrutiny has led to S&P cutting the bank's credit rating.

Royal Bank of Scotland (RBS) will be hit with greater fines than Barclays over the LIBOR-fixing scandal, a member of the Treasury select committee has claimed.

The US Republican party is reportedly to look at restoring the link between the dollar and gold as part of its platform for the 2012 elections.

Aviva has said up to 800 jobs at its UK business are under threat as it continues to drive through cost-cutting measures.

Germany's economic growth cooled to 0.3% in the second quarter, down from 0.5% expansion in Q1, the Federal Statistical Office has announced in its final reading.

The eurozone will fall back into recession in the third quarter, posting a 0.5%-0.6% contraction, PMI data has estimated.

Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.

Veteran investor Jim Rogers said moves by Chinese policymakers to stimulate the country's slowing economy are "a mistake".