News US President Barack Obama pauses while making a statement about the death of former South African President Nelson Mandela in the briefing room of the White House

US politicians are closing in on a deal to ease the impact of spending cuts worth up to $200 billion (£122 billion) which are due to hit home next year, it emerged today.

US third quarter growth revised up to 3.6%

Chancellor George Osborne's boasts that Britain was growing faster than any other economy were scuppered within hours after a significant upgrade for the US economy.

Retail sales fall as hard-hit shoppers rein in spending

Britons eased back on the barbecues last month after a glorious July, sending retail sales skidding lower for the first time since April today.

Economic boost puts pressure on Mark Carney over interest rates

Readings will make it hard for Canadian to fulfil his pledge to keep rates on hold until 2016

German confidence up as powerhouse of EU economy continues to expand

German firms are feeling more confident than at any time in the past 16 months, according to the latest survey of the sector.

Market Report: Oil giants expected to ride out 'fix' storm

While Westminster worried about the scale of an oil price-fixing scandal, the City took a more sanguine view. Tuesday's raid of the oil giants' offices by the European Commission – the start of an investigation into allegations of fixing that could have affected millions of motorists – fuelled fears that the oil majors are facing their very own version of the banks' Libor disgrace.

Eurozone jobless hits new record – and no end to misery in sight

Unemployment across the eurozone soared to yet another new record as analysts warned that the jobs pain would continue for months to come.

Barclays boss Jenkins bags ING Direct in online deal

Barclays has snapped up the online bank ING Direct UK in the first deal struck under its new chief executive Antony Jenkins.

Banking giant Barclays has agreed to buy savings and mortgage business ING Direct UK in a deal that will see it add another 1.5 million customers.

Banking giant Barclays agrees to buy ING Direct UK

Barclays has agreed to purchase ING Direct UK in a deal that will see it acquire another 1.5 million customers.

Services sector suffers worst performance in eight months

The powerhouse services sector suffered its worst performance in eight months in June, a closely-watched survey said, fuelling fears the UK remains stuck in recession.

Low inflation sets up ECB rate cut

Mario Draghi, president of the European Central Bank, has breathing space to cut eurozone interest rates to a new record low as the threat of rising prices fades, experts said yesterday.

Big fall in US jobless boosts Obama's re-election hopes

US President Barack Obama's hopes of a winning a second term this year gained a major boost yesterday as upbeat jobs figures revealed the biggest fall in unemployment for nearly three years.

Manufacturing sector suffers worst quarter for three years

The manufacturing sector suffered its worst quarter for nearly three years despite an “encouraging” performance in December, figures showed today.

HSBC in talks to sell US credit card arm

HSBC is in talks to sell its US credit card arm, with Capital One Financial seen as the leading buyer for the $30bn (£18.5bn)-plus business.

George Osborne on track over borrowing

Chancellor George Osborne has remained on track to meet his annual borrowing target, despite figures today showing a bigger than expected rise last month.

Market Report: Speculation leads to one big step for Man Group

The rumour mill turned its attention back towards Man Group last night, as reheated speculation that the world's biggest listed hedge fund manager could be a target helped it to surge up the blue-chip index's leaderboard.

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