Economics / Markets

TOP PERFORMERS

SECTOR REPORT

China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.

WHAT'S HOT

Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".

AUGUST ANGST

The Bank of England (BoE) is set to cut economic growth forecasts to almost 0% for this year, amid a deepening double dip recession.

Jessica Harper, a former head of online security at Lloyds Banking Group, has admitted carrying out a £2.5m fraud.

UK-listed banking giant Standard Chartered saw its UK share price fall by almost a quarter in early morning trading following allegations it assisted in a $250bn money laundering scheme.

Spanish stocks rallied sharply on Monday afternoon after a technical glitch shut down the country's blue chip index for almost five hours.