Britain will grow faster this year than previously expected according to the International Monetary Fund (IMF), in the first major upgrade of the UK's economic outlook for almost three years.
The International Monetary Fund downgraded its global growth outlook for 2013 on Tuesday, and warned of three "new risks" that threaten to derail the global economic recovery.
The bitcoin has been getting a whole lot more attention since the Winklevoss twins - who famously alleged that Facebook founder Mark Zuckerberg stole their website idea - last week revealed plans to launch an ETF to track the virtual currency.
European Central Bank President Mario Draghi reiterated on Monday his commitment to low interest rates, saying higher rates were not currently warranted.
The International Monetary Fund (IMF) could be forced into an embarrassing U-turn this week and upgrade growth forecasts for the U.K, analysts said on Monday.
A cash machine that accepts the virtual currency bitcoin is set to be distributed around the globe this summer, according to its maker Lamassu, which expects pre-orders for the technology to be placed soon.
The Reserve Bank governor, Glenn Stevens, gave a speech in Brisbane last week to the Economic Society of Australia. Here’s what you need to know.
The government of Iceland does not have the necessary skills to manage its own currency.
European stocks may have loved the forward guidance issued by both the European Central Bank (ECB) and the Bank of England (BoE), but some economists have expressed their concern over the move, arguing that it reeks of desperation.
Amundi, Europe’s biggest asset manager with almost $1 trillion of funds, said it increased cash holdings at the expense of equities and high-yielding bonds because global growth may be weaker than expected next year.
Inflation was negative for a second successive month in October, at -0.1%, as price cuts for food and the fading impact of student fee rises kept a lid on the cost of living.
The UK’s inflation rate is expected to have remained in negative territory when official figures are released on Tuesday, leaving the Bank of England in little hurry to start raising interest rates.