The Bank of England seems intent on confusing the financial markets about the future course of interest rates.
The failed Tokyo-based bitcoin exchange, Mt.Gox, received court approval on Tuesday to begin Chapter 15 bankruptcy proceedings in the United States as it awaits approval of a settlement with U.S. customers and a sale of its business.
Inflation fell to its lowest level in more than five years in May after a sharp drop in air fares and retailers discounted food and clothing prices.
UK house price inflation has hit a four-year high, according to official figures that will intensify the debate about whether policymakers need to take steps to cool the market.
The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country's products.
The debate about house prices is reignited on Mondayamid claims by Britain's biggest property website that prices for homes have come "off the boil".
The Treasury insists the Bank of England's new powers to cap mortgages do not amount to an admission of error over introducing the Help to Buy scheme for first-time buyers.
Bad weather in the U.S., the crisis in Ukraine, rebalancing in China and the anticipated rise in interest rates will hit global growth this year, according to the World Bank, which has urged countries to continue urgent reforms.
The World Bank has cut its growth forecast for the global economy in 2014 following a weak start to the year in both rich and poor countries.
Hope that Britain's economic recovery is broadening beyond consumer spending have been boosted by news that manufacturers enjoyed their strongest annual growth for more than three years in April.
The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi has warned.
Hindsight is a wonderful thing.
The US economy added 151,000 jobs in January while the unemployment rate dropped to 4.9%, the US Department of Labor announced on Friday.