Economics / Markets

The IMF has cut growth expectations for the UK for this year to 1.7%, down 0.3% from its previous prediction in January.

Asian stocks declined the most in almost a month on Tuesday after the International Monetary Fund (IMF) cut its economic growth forecasts for the US and Japan.

The Japanese government has raised the severity of the crisis at the Fukushima Dai-Ichi nuclear plant to 7, a rating only previously applied following the 1986 Chernobyl disaster.

Aviva is selling 15% of its stake in Delta Lloyd and will no longer be the majority shareholder in the Dutch insurer.

A powerful earthquake today struck north-east Japan on the one-month anniversary of the magnitude 9 quake which left nearly 28,000 people dead or missing.

Nationals round-up: Parents may need to save more for their children than they expected, while investors are being urged to look to Russia.

Disposable incomes among British households are at their lowest peacetime levels since 1921, amid soaring inflation and low pay rises.

Iceland has rejected a deal with the UK and the Netherlands to repay debts relating to the collapse of Icesave.

The Independent Commission on Banking has recommended UK banks' retail operations should be "ring-fenced" from their investment banking arms.

Portugal is set to receive an €80bn bailout package by the middle of May - as long as the beleaguered nation pushes through tough austerity measures.