Breaking News
ECB unveils 'bazooka' plan to purchase €60bn a month in sovereign bonds
The European Central Bank (ECB) has announced a huge new quantitative easing programme, with €60bn of public and private sector asset purchases for at least 18 months from March 2015.
ECB said to propose QE of 50bn euros a month through 2016
The European Central Bank (ECB) is reportedly considering calling for bond purchases in the region of €50bn per month for at least 12 months.
US housing starts rise 4.4% in December, more than forecast by analysts
US housing starts rose 4. 4% to 1. 09m in December, beating forecasts for a 1. 2% increase or 1. 04m units.
BoE voted unanimously to keep interest rates and asset purchase programme unchanged
The Bank of England (BoE) voted unanimously to keep policy unchanged, according to minutes of the central bank's last meeting.
UK jobless rate falls more than expected to 5.8% from 6%
The UK unemployment rate fell to 5. 8% in the three months to November from 6% the previous period, ahead of the 5. 9% forecast.
Netflix Q4 sales raise to $1.48bn from $1.18bn, in line with forecast
Turkey's central bank cuts benchmark one-week repo rate to 7.75% from 8.25%
Turkey's central bank slashed its one-week repo rate by 50 basis points on Tuesday to tackle slowing inflation but left other key rates on hold.
Former Weavering boss could face up to 10 years in jail
Magnus Peterson, the boss of collapsed UK hedge fund Weavering, could face up to 10 years in jail after being found guilty of fraud.
Alpari UK declares insolvency after Swiss franc surge
Alpari UK has declared insolvency as a result of the losses incurred by clients following the surge in the Swiss franc on Thursday.
US retail sales drops 0.9% in December, more than expected
US retail sales declined 0. 9% year-on-year in December, more than the 0. 1% drop expected by analysts.
UK inflation eases to 0.5%, well below 0.7% forecast
UK inflation dropped well below 1% growth for the first time since June 2002, dragged by falling oil prices.
Shire to buy NPS Pharmaceuticals for $5.2bn
Santander confirms €7.5bn capital increase
After the Spanish market regulator CNMV suspended trading in shares of Banco Santander on Thursday, the bank confirmed that it will be holding an extraordinary board meeting to approve a capital increase.
BoE to keep interest rates unchanged for the 70th consecutive meeting
The Bank of England’s Monetary Policy Committee left interest rates on hold at the opening meeting of 2015.
Tesco to close stores and cut prices as turnaround plan unveiled, shares surge
Tesco saw its share price surge on Thursday after the company announced it would cut costs, close 43 unprofitable stores, lower prices and move its head office, as part of chief executive Dave Lewis's plan to revive the struggling supermarket chain.
Deadly attack on satirical French magazine Charlie Hebdo, attackers remain at large
Three gunmen remain on the run after shooting 12 people dead at the Paris office of Charlie Hebdo, a satirical magazine.
Eurozone enters deflation more than expected at -0.2%, Eurostat reveals
The Eurozone has entered deflation more than expected, Eurostat revealed in its flash estimate on Wednesday, adding to hopes of further stimulus measures by the European Central Bank (ECB).
Brent crude breaks below $50 for first time since May 2009
As weakness in crude continues, the price of Brent crude broke below $50 for the first time since May 2009.
The good times are over as risk-taking diminishes, says Bill Gross
“The good times are over” and 2015 will be a tough year for many asset classes, according to Bill Gross, the former boss of bond fund Pimco.
UK service sector growth slowest in 19 months in December
The UK services sector lost momentum at the end of last year, providing policy-makers with a mixed bag of news on the health of the economy, analysts said following the release of a survey.