U.S. ratings agency Standard & Poor's downgraded Wednesday its credit rating for Japan from AA- to A+, but has revised its outlook for the world's third-largest economy from negative to stable.
Interest rates in the US have been close to zero since the depths of the financial crisis but global investors are braced for change, as the country’s central bank prepares to raise borrowing costs.
Sharp falls in petrol prices are expected to have pulled UK inflation back down to zero in August, economists predict ahead of the latest official figures today.
A “hard landing” for China is likely to plunge the world economy into recession in the next two years, Willem Buiter, chief global economist at Citigroup and a former Bank of England policymaker, has said.
Britain’s businesses are urging the Bank of England to leave interest rates on hold “well into 2016”, to cushion the economy against global turmoil, as rate-setters prepare to announce the result of their September policy meeting.
The days of business leaders and company execs trumpeting their exposure to the world's second largest economy appear to be over.
China's National Bureau of Statistics on Monday revised down 2014 gross domestic product (GDP) growth to 7.3 percent from a previously reported 7.4 percent.
Deflation is not a large threat in 2015, the head of Italy's central bank told CNBC, but warned of "very, very low inflation" ahead.
The economic downturn in China has compounded pressures on UK manufacturers and hit their output and exports, a leading business group will warn on Monday as it slashes its outlook for the sector.
Sterling rose and the City’s leading share index closed at its highest level for 11 months after a Bank of England policymaker said a lack of panic since Britain’s shock Brexit vote called into question the need for a knee-jerk cut in interest rates.
The average asking price of homes coming on to the market in England and Wales has fallen since mid June, according to property website Rightmove, with the Brexit vote exaggerating the usual summer slowdown.