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The Metropolitan Police arrested another suspect as part of their investigations into phone hacking at the now closed News of the World newspaper, London's Metropolitan police said on Thursday.
The euro zone is stressing and central bankers are talking - it's time for your FX Fix.
Singapore dollars get snapped up and European officials underwhelm - it's time for your FX Fix.
'Dim Sum' bonds – yuan-denominated instruments issued through Hong Kong – are set to become a major market as investors look for alternatives to Western issuance and exposure to China, according to one investment manager.
German growth disappoints, British inflation rolls on, and Sarkozy and Merkel are set to meet - time for your FX Fix.
The UK's Financial Services Authority yesterday issued the largest ever fine to an individual for market abuse and other offenses, imposing a penalty of 2 million pounds ($3.3 million) on Dutch hedge fund manager Michiel Visser.
Did a misunderstanding over a fictional series of articles in Le Monde contribute to a mysterious sell-off in French bank stocks last week? The New York Times investigates.
After the turbulence of the summer, there has been plenty of speculation about whether Western economies may suffer a double dip into recession after recovering from the downturn of 2008-09.
Asking prices for residential property in England and Wales showed their first year-on-year fall since September 2009, property marketing company Rightmove said on Monday.
"The problems in the European markets are based on a lack of clarity and a lack of a long term solution," Gemma Godfrey, head of research at Credo Capital told CNBC. "Things are getting a lot worse......the ECB is using debt to solve a problem of debt," she added.
London-based hedge fund Derwent Capital Markets, dubbed “The Twitter Fund” because it uses tweets to help it predict market activity, turned in positive returns in its first official month of trading.
A 15-day short selling ban , which will be implemented on Friday morning across several European countries, has attracted opprobrium from market participants, who see the restrictions as a superficial move that will do little to solve the underlying problems of the euro zone and stop market turbulence.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."
Police appear to have brought under control the rioting and looting that gripped the UK on the fifth night since violence flared up in the North London borough of Tottenham on Saturday and spread like fire across the country, but politicians and society at large are struggling to grasp the economic and social root causes of the unrest.
The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.
The insured costs of the riots that have rocked the United Kingdom for four days look set to exceed 100 million pounds ($163 million), according to early estimates from the Association of British Insurers (ABI).
London's streets were quiet Tuesday night after three nights of rioting, but police battled with looters in several other UK cities, including Manchester, Liverpool, Nottingham and Birmingham as the country's violent unrest continued for a fourth night.
Central London's police cells are full to the brim as more than 200 people were arrested on a third night of disorder in the U.K.'s capital. Some 16,000 police officers will hit the city's streets Tuesday night, as the government tries to stem the rising tide of violence.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.