Economics / Markets

UK stock markets are rising this morning after the two-day bank holiday, following gains in Asia and the US, and as hopes grow a further round of quantitative easing will be launched.

The country's banks are sitting on £40bn of undeclared losses that are stopping them lending to business and households, analysis has found.

Weak US jobs data has caused panic in global markets and forced US Treasury yields to fall to yet another record low.

The Chancellor, George Osborne, is taking legal action against the EU over plans to give a pan-European superviser far-reaching powers to ban or limit the short-selling of financial products, the Financial Times reports.

The British Chamber of Commerce (BCC) has revised down its forecast for economic growth this year, from 0.6% to 0.1%

Ireland's government is confident of victory in today's eurozone fiscal pact referendum as secret official polling forecasts more than 60% of Irish voters will tick the Yes box.

Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe.

JPMorgan Chase is spinning out the "special investments group" from its troubled chief investment office (CIO) as executives clean up the division that caused $2bn trading losses, according to people familiar with the matter.

The head of Ten Downing Street's policy unit under the premiership of John Major is set to join the board of Lloyds Banking Group, the taxpayer-backed lender.

Asian markets fell more than 1% in some regions overnight, with the wider area set for its biggest monthly drop since the financial crisis of 2008.