PRA chief criticises EU cap on bankers' bonuses

AMD shares down 6% after missing estimates

AMD, the manufacturer of microprocessors, told investors that third quarter adjusted earnings per share came in at just 3 cents on sales of $1. 43bn.

Google's third quarter results miss analysts' forecasts

Technology giant Google saw third quarter net income fall 5. 4% to $2. 81bn or $4. 09 a share, from $2. 97bn in the year earlier period.

Fall in Brent futures could deliver $1.1trn in stimulus to global economy - Citi

The sharp drop in Brent crude futures, which is now trading over 20% below its average for the last three years may be set to deliver a welcome boots to global economic activity according to economists at Citi.

Apple shares off after launching new iPads

Technology giant Apple garnered applause from the audience at the launch of its new iPad models on Thursday, but markets seemed a bit non-plussed.

US stocks in the blue as Dow Jones Industrials gains 68 points and S&P 500 another 14

US markets clambered into the blue on Thursday evening, buoyed by a spate of largely better-than-expected economic reports, but above all by soothing remarks from Fed speakers.

Deutsche Telekom and Orange look at alternatives to EE float

European Telecommunications giants Deutsche Telekom and Orange SA are again studying a possible sale of their British mobile phone joint venture EE as an alternative to a stock-market listing.

Meeting between Merkel and Putin in Milan cancelled - Bloomberg

London Mining to enter administration

Deutsche Telekom and Orange resume talks to sell UK mobile-phone joint venture

US Philly Fed index comes in slightly ahead of forecasts

Manufacturing conditions in the north-eastern US cooled a tad in October, according to a monthly gauge on activity crafted by the Federal Reserve bank of Philadelphia.

Bullard says Fed should consider extending QE past October

The US central bank should consider extending its bond-buying beyond the expected end date of October. That was St. Louis Fed president James Bullard’s suggestion in an interview with Bloomberg News on Thursday evening. The central bank cannot tolerate the recent drop in inflation expectations as seen in inflation–protected Treasury securities, adding that the monetary authority has always said that the first move in interest rates would be data-dependent.

Goldman Sachs reports quarterly EPS of $4.57, ahead of analysts' forecasts

Shares of Goldman Sachs were moving lower before the start of trading despite the company saying third-quarter profits surged from $1. 5bn to $2. 2bn.

Philadelphia Fed president Plosser says rates should rise sooner rather than later

Unperturbed by the latest ructions in global capital markets, on Thursday the president of the Federal Reserve bank of Philadelphia, Charles Plosser, said the US central bank should begin raising its main policy rate “sooner rather than later. ”.

Initial weekly US jobless claims drop to lowest since April 2000

Initial weekly US jobless claims dropped by 23,000 over the seven days ending on 11 October, according to the Department of Labor.

Air France flight grounded in Madrid Barajas airport due to health emergency

Abbvie recommends calling off Shire takeover - UPDATE

The board of Abbvie has recommended shareholders vote against the $54bn takeover of Shire due to changes in US tax law.

West Texas crude futures fall $1.79, below $80 per barrel for first time since June 2012

Greek 10-year bond yields surge on political uncertainty

Yields on 10-year Greek government bonds were surging higher in later morning trading on Thursday as international capital markets continued to react to a perceived increase in political uncertainty in the Mediterranean country.

Warren Buffett cuts Tesco stake to below 3%

US billionaire investor Warren Buffett has reportedly lowered his stake in grocery operator Tesco to below 3% after admitting he made a “huge mistake” by investing in the UK supermarket.