Central banks cut rates
The US Federal Reserve and the European Central Bank today cut half a point off interest rates in an aggressive move intended to avert a collapse in world markets.
On a ...
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US to cut rates by 75 points 'in weeks
Fear of creating panic over US financial prospects may prevent the Federal Reserve from making an immediate cut in interest rates, despite market expectations.
However,...
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Pressure builds for rate cut
The US Federal Reserve was under mounting pressure last night to bolster confidence in the damaged American economy by cutting interest rates before the New York stock ex...
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Tanker owners set to benefit from rising freight rates
Consumers could be hit by extra transport costs as shipping movements are delayed by tighter security at ports and vital commodities such as oil are affected by higher ta...
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Graduate employment rates a cause for concern
There are some universities where twice as many students as the national average do not find jobs after graduation, according to the latest employment statistics.
Just o...
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US jobless rate jumps to 4.9%
The US jobless rate rose unexpectedly to 4.9% in August as a slowdown in the world's largest economy hit the labour market.
Unemployment soared to its highest level in f...
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Bank of England leaves rates at 5%
The Bank of England today left rates unchanged at 5% despite deepening gloom in the battered manufacturing sector.
"This decision is disappointing but not surprising," s...
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Switch to sickness benefit masks unemployment rate
Britain's apparently low unemployment rate is being understated due to huge numbers of unemployed people claiming sickness benefit instead of unemployment benefit, a new ...
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Business calls for new rate cut
Industry leaders are calling on the Bank of England to cut rates again this week, amid signs that service sector firms are increasingly worried about the economic downtur...
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No cut in rates this week, say economists
The Bank of England will not cut base rates at this week's meeting of the Monetary Policy Committee, say economists.
The MPC is not in a position to follow the recent e...
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Banking 
