Public relations minefield or move to greater transparency ? Companies and governments hosting question and answer sessions over the social media site Twitter have had their fair share of mishaps over the years, but that hasn't dissuaded the Bank of England (BoE).
One of Britain's most senior bankers has questioned the effectiveness of Mark Carney's policy of "forward guidance", which ties future interest-rate rises to the level of unemployment in the UK.
The U.K's jobless rate - which is closely watched by the Bank of England - held steady in the three months to August, but the number of people claiming unemployment benefits fell much more than expected.
The Bank of England warned that interest rates might rise as early as next year as its chief economist said Threadneedle Street's desire to keep borrowing costs low for several years could be thwarted by a combination of stronger than expected growth and unusually weak productivity.
The government shutdown has so far cost the US economy $24bn – or $1.5bn a day, ratings agency Standard & Poor’s said on Wednesday.
Fitch Ratings put the US government's "AAA" credit rating on 'rating watch negative' Tuesday, saying that the standstill on the U.S. debt ceiling negotiations risks undermining the effectiveness of the country's government and political institutions.
Higher than expected inflation is a problem for George Osborne.
Cramer's hearing chatter that some lawmakers view a debt default as bitter but much needed medicine. That's concerning. The stakes are massive.
Inflation last month was higher than expected, keeping household budgets under pressure even before the next round of energy bill increases come in this winter.
From the fiscal cliff to sequestration to the current shutdown debt ceiling debate: What's the cost of the U.S. government careening from crisis to crisis?
A group representing 250 landlords is to launch a court challenge against tax changes to buy to let coming into force in 2017, claiming they have been victimised by the chancellor, George Osborne.
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly.
George Osborne has received a second pre-Christmas setback after official figures showing a a stuttering performance by the economy in the months following the general election put the government’s 2015 growth forecast at risk.