Goldman Sachs slashed its forecasts for China's growth over the next three years amid broadening pessimism over the health of the world's second largest economy.
Forget the financial turmoil in China and around the world. When it comes to the UK, Mark Carney would have us believe he remains in charge.
Central bankers have their own lingo. They tend to speak in tortured prose that obscures more than it illuminates. Given the choice, they favour a gnomic utterance over plain speaking.
The first rise in UK interest rates could be delayed until autumn 2016, according to City expectations, as market turmoil in China raises the prospect of historically low borrowing costs staying in place for longer than expected.
Carnage in financial and commodity markets may be painting a doomsday picture for the world economy, but the threat of a global recession is low, says Goldman Sachs, which advocates remaining overweight developed market equities over the next six to 12 months.
Tumbling share prices.
The FTSE 100 has hit its lowest level this year after further signs of a weakening Chinese economy spooked global investors.
Everyone loves a good comeback story. And if you were to look for one right now in the euro zone, most economists would point to Spain.
The Federal Reserve is inching closer to the first interest rate increase in nearly a decade, minutes of the central bankers’ latest meeting indicated on Wednesday.
Unemployment dropped to its lowest rate since 2005 in April, to a level which without the looming Brexit vote would set off interest rate warning bells at the Bank of England.
The US Federal Reserve announced it would notraise interest rates on Wednesday afternoon, blaming uncertainty over the UK’s potential exit from the EU and slowing economic growth for the decision.
A vote to leave the European Union would trigger economic and political convulsions in the UK, plunging the country back into recession and sending the pound sharply lower, a forecasting group has warned.