Economics / Markets

The dollar has plummeted to a 16-month low against the euro as markets expect the Federal Reserve to signal it will hold interest rates.

Economists react to today's ONS estimate of UK GDP growth in the first three months of this year...

The UK economy grew by 0.5% in the first quarter of the year, down slightly on economists' forecasts, the Office for National Statistics (ONS) said in its first estimate today.

Syndicate Asset Management has offloaded its institutional fixed income asset arm for £2.1m as the group continues to shift its focus on to wealth management.

A number of economists predict the Monetary Policy Committee will raise interest rates in August this year, to curb rising inflation.

China and the United States have agreed to hold economic talks as tensions between the world's two biggest economies continue to rise.

Lloyds Banking Group has declined to comment on fresh speculation the company is looking to sell Scottish Widows.

Retail sales staged an unexpected recovery in March, providing some respite for the embattled high street.

The FTSE has extended yesterday's gains, adding 0.2% in early trading, as strong corporate earnings and upbeat economic data continue to power the index.

BP has lauched a $40bn (£24bn) lawsuit against Transocean, the owner of the Deepwater Horizon rig that exploded in the Gulf of Mexico last year.