Economics / Markets

The Dow Jones opened more than 20 points lower Friday after AIG posted a $9bn Q4 loss.

Greece has said it exceeded budget revenue targets last month - earning the country some respite amid the ongoing fallout from its spiralling debt crisis.

The US economy grew 5.9% in the fourth quarter of 2009, up from 2.2% in the previous three months, revised GDP figures show.

Advisers should tell clients to get their money out of the pound before the currency collapses, urges a former City broker.

The pound is on the brink of a collapse which will herald a downturn worse than 2008/9, warns George Soros' former business partner.

The FTSE opened sharply higher today at 5329.29, up 51.07 (0.97%), following a slight recovery on Wall Street after disastrous early trading yesterday.

Bank of England Governor Mervyn King says failure to act now on banking reforms could lead to a bigger financial crisis.

US and European markets tumbled this afternoon amid fresh concerns over the state of the US economy.

Following the market lows in early March 2009, there was a strong rally in UK equities as confidence grew throughout last year over the increasing signs of a recovery despite the economy struggling to leave recession.

Savers with money in Northern Rock will lose the government's 100% guarantee on their deposits in three months' time.