Russia's recent economic turbulence, weakened ruble and high inflation could be coming to an end, according to a chief financial officer in Russia.
The Bank of England is likely to keep interest rates on hold until the middle of next year rather than raising them sooner, following a gloomier outlook for the global economy, according to the economic forecaster CEBR.
A reputation for economic competence can be lost in a day and take a generation to win back. Ask the Conservatives.
The US economy grew faster than previously thought in the second quarter of the year, according to new figures that have fanned expectations that the Federal Reserve will raise interest rates before the end of 2015.
For the past couple of months, the Bank of England has been preparing the ground for an increase in interest rates.
The Federal Reserve declined to raise interest rates from their record low of near-zero on Thursday, citing concerns that the still fragile world economy may “restrain economic activity” and further drag down already low inflation.
Homes listed for $100 million or more are piling up fast, but sales have ground to a halt, leading some to call a top in the very top of the real estate market.
Sterling and European stock indexes fell further on Monday, with the outlook for the region unclear after the U.K. voted to quit the EU last week.
George Osborne has sought to reassure financial markets by insisting Britain’s economy is in a strong position to adjust to life outside the European Union.