Economics / Markets

Warren Buffett, Bill Gross and UK fund stars including Jim Leaviss have seen their warnings on US treasuries proved right as S&P downgraded its outlook for US credit.

Standard & Poor's has cut its credit outlook for the US from stable to negative for the first time since 1941, causing the dollar and shares to tumble.

Nationals round-up: House prices could be a worry over the next few years, while income protection is back on the agenda...

The Monetary Policy Committee (MPC) should keep interest rates at 0.5% until November, as any rise will cause "disastrous consequences" for the UK economy, a group of influential economists has warned.

The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".

Michael Ellam, managing director of the Treasury's international and finance directorate, has been appointed chairman of the EU's financial services regulation committee.

US inflation hit 2.7% in March, with rising food and petrol prices pushing the rate up from 2.3% in February.

A record monthly increase in eurozone inflation unexpectedly sent the annual rate to a 29-month high in March, strengthening expectations that the European Central Bank will tighten monetary policy further this year.

London's leading share index edged up this morning while other global markets were cautious on fears China will hike interest rates to stem soaring inflation.

The Chinese economy grew a faster-than-expected 9.7% in Q1 and its inflation rose to the highest level in almost three years despite government attempts to slow surging growth.