Jacques Gabillon, head of the global commodities principal investments group at Goldman Sachs Group, swears in to a Senate permanent subcommittee on investigations hearing in Washington, DC, today. Photograph: Andrew Harrer/Bloomberg

Goldman Sachs took the lead today in rejecting allegations by a powerful US Senate subcommittee that Wall Street banks were exploiting physical com(...)

Policymakers at the Fed, chaired by Janet Yellen, worried about being too negative at their most recent meeting Photograph: Bloomberg

The Federal Reserve wrestled with whether to nod to financial market volatility and a weakening global economy in its policy statement last month, but(...)

A man walks past a restaurant in the Dotonbori amusement district of Osaka,  Japan, yesterday. The difficulties caused by fiscal austerity have become particularly evident in Japan and the euro zone. Photograph: Reuters

David Cameron, the UK prime minister, states that “red warning lights are once again flashing on the dashboard of the global economy”. The lights are (...)

US car factories cut back for a third consecutive month, showing US manufacturing was off to a slow start in the fourth quarter.

Factory production struggled to gain traction in October car makers cut back for a third consecutive month, showing US manufacturing was off to a slow(...)

Mario Draghi, president of the European Central Bank, arriving for the ECB’s monthly press conference in Frankfurt, earlier  Photograph: Reuters

European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank’s staff will prep(...)

Haruhiko Kuroda, governor of the Bank of Japan, points to a sign as he speaks during a news conference at the central bank’s headquarters in Tokyo yesterday.  Photograph: Bloomberg

Japan is no longer governed by consensus. This is true at least of its monetary policy. Haruhiko Kuroda, governor of the Bank of Japan, launched still(...)

The US Federal Reserve announced last week that quantitative easing (QE) was finally over, an event investors seem to have taken in their stride.Grant(...)

Haruhiko Kuroda,  governor of the Bank of Japan, defied objections from four fellow board members to push ahead with the stiumuls. Photograph: Tomohiro Ohsumi/Bloomberg

The Bank of Japan stunned global markets yesterday and sent the dollar soaring as it unexpectedly expanded its stimulus programme just days after the (...)

Inflation crept higher in the 18 countries that use the euro in October — but the rise to an annual 0.4 per cent offered little relief to the European(...)

While growth in consumer spending decelerated to a 1.8 per cent pace from the second-quarter’s 2.5 per cent pace, it still contributed 1.22 percentage points to GDP growth

A smaller trade deficit and a surge in defense spending buoyed US economic growth in the third quarter, but other details of Thursday’s report hinted (...)