FTSE slips on US rate rise prediction

Greenspan said the threat of deflation is "no longer an issue" adding that banks can adjust to higher borrowing costs, which would make borrowing more expensive. Rio Tinto lost 36p to 1,305p after the miner said bad weather had affected iron-ore production, which in turn caused quarterly output of the material to fall for the first time in a year. Reuters fell 10p to 405p despite the company reporting first quarter revenue fell less than the average forecast. In Asia, Tokyo's Nikkei 225 index lost 7.96 points to 11,944.30 earlier today, and Hong Kong's Hang Seng index shed 170.84 ...