Economics / Markets

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.

SOAPBOX

Sterling rose against other major currencies this morning after the minutes from Monetary Policy Committee (MPC) meeting showed most members backed Mark Carney's forward guidance policy on interest rates.

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Most members of the Bank of England's Monetary Policy Committee (MPC) backed their new governor's policy of forward guidance on interest rates, minutes from the Committee's latest meeting show.