Global markets plunge amid China fears
Stock markets across the world plunged on Monday amid fears of a China-led economic slowdown.
It was a very volatile day of trading, with the...
US markets suffer biggest one-day loss in almost four years
Wall Street suffered its biggest one-day loss in nearly four years on Friday amid fears of a global economic slowdown.
The S&P 500 plunged 3.2...
Co-op Bank doesn’t expect to make a profit until 2017
The Co-operative Bank said that it doesn’t expect to make a profit for at least another two years after posting pre-tax losses of £204.2 million for...
Rail fares rise ‘three times faster’ than wages over five years
According to a new report, rail fares in the UK have increased nearly three times faster than wages over the past five years.
Since 2010...
FTSE 100 CEOs earn 183 times more than a full-time worker
According to a report by the High Pay Centre, FTSE 100 chief executives (CEOs) earn 183 times more on average than a full-time worker.
The...
Eurozone agrees on €86 billion Greek bailout deal
Greece will stay in the eurozone. The country will receive a €86 billion bailout after EU finance ministers agreed on a “bail-in” of Greek...
UK unemployment rose by 25,000 to 1.85 million
UK unemployment rose by 25,000 in the three months to June up to 1.85 million, according to data by the Office for National Statistics.
This...
China’s trade surplus dropped 10% on the year in July
China’s trade surplus dropped 10% on the year to around 263.0 billion yuan ($43.1 billion) in July, according to the customs administration.
Chinese exports fell...
US economy added 215,000 jobs in July, jobless rate at 5.3%
The U.S. economy added 215,000 jobs in July, representing yet another strong month of job creation, while the unemployment rate held at a relatively...
UK sold off £2.1 billion stake in RBS, Osborne being criticised
The UK sold off a £2.1bn stake in Royal Bank of Scotland (RBS), representing the return of the company to the private sector and...