Economics / Markets

Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.

George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.

UK consumer prices index (CPI) inflation remained unchanged at 2.8% in the year to March, after a slight rise during February.

The US' three major equity markets dropped overnight after a bomb blast at the Boston Marathon shook markets and weak data from China continued to weigh on stocks.

The European deleveraging process is five years behind that seen in the US and may obstruct a further rise in equity markets, according to Invesco Perpetual's Neil Woodford.

The International Monetary Fund (IMF) is expected to release a gloomier picture of the world economy this week, by trimming its forecast for global growth this year by 0.1%.

Despite the prospect of a triple-dip recession and yearly rises in tax on alcohol, the British are still taking to the pub in droves. Annabelle Williams looks at an alternative way to invest in the sector.

Loose central bank policies could threaten global financial stability when interest rates rise as lenders become "addicted" to central bank financing, the International Monetary Fund (IMF) has warned.

Global markets soared on Wednesday after the US Federal Reserve inadvertently released minutes from its latest policy meeting five hours earlier than planned.

Fitch has cut China's local currency rating from AA- to A+, amid concerns the country is not doing enough to address its soaring debt levels.