Economics / Markets

Reports suggesting Bank of Canada governor Mark Carney was being lined up to replace his Bank of England (BoE) counterpart Sir Mervyn King have been denied.

The government's "loose" monetary policy of quantitative easing (QE) and low interest rates is diminshing retirees' income, a report by MPs concludes.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

Greece has fallen out of a list of the top ten riskiest sovereign credits after restructuring its debt, but a number of other sovereigns are still at risk, new research has revealed.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.

Standard & Poor's (S&P) has reaffirmed its AAA credit rating for the UK and forecasts the government's net debt burden will peak next year.

Police are investigating a US financial adviser who allegedly donated hundreds of thousands of dollars to a religious sect on behalf of a senile client.

CONDENSED NEWS

China's economy, the world's second-largest, has expanded at its slowest pace in almost three years.

NBNK has made a revised offer to Lloyds Banking Group to buy the 632 branches it was due to sell to Co-operative Group.