Economics / Markets

The UK economy grew by 0.7% in the second quarter of 2013, a higher than previously estimated figure, according to latest figures from the Office for National Statistics.

Better-than-expected data from China and the Eurozone helped the FTSE 100 rebound from a three-day sell-off that saw the index hit a six-week low earlier this week.

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Analysts are upgrading their UK growth forecasts ahead of a potential upwards revision to Q2 figures this Friday.

In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.

The FTSE 100 has shed 40 points in early trading to move back towards the 6,400 mark, compounding losses suffered in recent days.

JP Morgan is facing accusations that it hired the children of influential Chinese officials to help the investment bank win business in China.

Experts are warning that the end could be nigh for ‘zombie' companies, which are kept alive by lenient creditors but are too weak to invest or expand.

Shares in the US closed sharply lower on Thursday - with some indices hit by the worst one-day percentage falls since late June - as positive jobs data sparked fears the Federal Reserve will move earlier than expected to taper its quantitative easing...

Fitch Ratings has said any potential break-up of Royal Bank of Scotland (RBS) is 'unlikely' as the costs and risks would outweigh the benefits.