Fewer Americans claimed jobless benefits last week

Fewer Americans than expected claimed the dole last week, indicating that the US job market may be losing some of its slack.

Bank of England policy unchanged, economists predict June 2015 hike - UPDATE

The Bank of England (BoE) has decided to keep interest rates at 0. 5% and asset purchases at £375bn, as predicted by analysts.

ECB keeps interest rates, policy unchanged, as forecast

The European Central Bank (ECB) has decided to keep interest rates unchanged at 0. 05% and the deposit facility at -0. 20%.

UK house price growth slows further in October, says Halifax

UK house prices advanced at a 8. 8% year-on-year pace in October, according to the latest data available from mortgage provider Halifax.

Over $48bn withdrawn from Pimco after Gross departure

Investors withdrew almost $50bn from Pacific Investment Management Co. ’s (Pimco) mutual funds in October after the departure of manager Bill Gross.

BT wins latest round of TV battle with BSkyB

Telecoms group BT has won the latest round in its legal battle with arch-rival BSkyB over screening TV sport.

UK services PMI drops to weakest since May 2013

The Eurozone's service sector PMI for October revised lower to 52.3

The Eurozone economy was stymied by weak demand and renewed job losses, according to the October composite purchasing managers index (PMI) data published by Markit on Wednesday.

Oil ends at three-year low after Saudis cut selling prices for US

Brent crude futures drop after Saudi Arabia cuts oil prices to US

Overnight, Saudi Arabia reduced its prices for exports of crude to US clients. The largest of the Organisation of Petroleum Exporting Countries’ (OPEC) producers cut the premium of its Arab Light variety of crude, with respect to US Gulf Coast benchmarks, by 45 cents, to its lowest level this year.

US manufacturing PMI unexpectedly revised down, Markit reveals

The US manufacturing purchasing managers’ index was unexpectedly revised down to 55. 9 in October from 56. 2 initial estimate, Markit revealed.

UK manufacturing growth accelerated in October

Growth in the UK's manufacturing sector accelerated slightly in October, despite weakness abroad, particularly in the Eurozone, according to the results of a survey.

Labour MP Alistair Darling to step down

Alistair Darling, the Labour MP, is to step down, it was announced on Sunday evening.