Economics / Markets

Janet Yellen's appointment as chairman of the US Federal Reserve could see tapering of quantitative easing (QE) as early as December, experts say.

SOAPBOX

US President Barack Obama will nominate Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank on Wednesday, according to a White House official.

The International Monetary Fund has upgraded its growth forecast for the British economy amid what it called ‘welcome signs' of a pick-up in activity following the global crash.

UK shares had a shaky start to the week as negotiations over the US debt ceiling continue to drag on.

Christine Lagarde, managing director of the International Monetary Fund (IMF), has warned that the US' failure to raise its debt ceiling could be far worse than the country's current government shutdown.

A simple typographical error boosted Spain's 2014 public debt forecast by €10bn (£8.4bn), the government has admitted.

SOAPBOX

US

Prime Minister David Cameron has pledged to continue cutting taxes for what he calls the "hardworking people in our country".