US Federal Reserve chairwoman Janet Yellen addresses a Senate banking committee hearing in Washington, DC, yesterday. She told lawmakers the central bank must press on with monetary stimulus as “significant slack” remained in labour markets and inflation was still below the Fed’s goal. Photograph: Andrew Harrer/Bloomberg

US stock markets rose yesterday, adding to earlier gains as investors bet that the US Federal Reserve would not adjust guidance about how soon it w(...)

Consumers greeted the new Apple launch with more excitement than investors. Pictured outside an Apple store in central Sydney today is Christian Ibrahim. Ibrahim said he and some friends will take turns to sit outside the store until the iPhone 6 is available to buy, which he is hoping will occur late next week. Photograph: David Gray/Reuters

Asian shares tumbled overnight as markets wagered the Federal Reserve would raise interest rates earlier than expected, sending US bond yields higher (...)

US job growth slowed down sharply in August and more Americans gave up the hunt for work, giving a cautious Federal Reserve more reasons to wait a bit(...)

The single currency’s capitulation comesafter ECB president Mario Draghi announced a range of rate cuts and a new plan to push money into the flagging euro zone economy.

The euro hovered near a 14-month low today and headed for its longest weekly losing streak against the dollar in its history after the European Centra(...)

The BoE said on Thursday it was keeping its stock of assets amassed under its quantitative easing programme at £375 billion

The Bank of England kept interest rates on hold on Thursday as Britain’s economy continued to thrive, although risks to the recovery both at home and(...)

US consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1.5 years, indicating that households remain cautio(...)

Mario Draghi: until the ECB president’s most recent speech there has been no acknowledgement of the need to run growth at a higher rate or even of the possibility that fiscal austerity can damage growth in the short-term.

Economists often complain that they can’t do laboratory experiments, something which explains why the profession only pretends to be a science. Becaus(...)

Janet Yellen, chair of the US Federal Reserve, left, speaks with Mario Draghi, president of the European Central Bank, during the Jackson Hole economic symposium, sponsored by the Kansas City Federal Reserve Bank, at the Jackson Lake Lodge in Moran, Wyoming, last week. Yellen said “the labor market has yet to fully recover,” in a speech today at the Kansas City Fed’s annual conference. Photograph: Bradly Boner/Bloomberg

Asian stocks rose, extending two- week of gains, as investors weighed comments from central bank leaders for clues to monetary policy and earnings rep(...)

Bank of Ireland was one of the main movers on the day, up 2.1 per cent at closing to 29.1 cent. Traders said 280 million shares changed hands on the day, and it was the most traded stock on the exchange. Photograph: Frank Miller

European stocks declined, paring their biggest weekly gain in six months, after Federal Reserve chairwoman Janet Yellen underscored the persistence(...)

US Federal Reserve chairwoman Janet Yellen walks past a protester at the Jackson Hole economic symposium in Moran, Wyoming. Photograph: Bradly Boner/Bloomberg

Federal Reserve chairwoman Janet Yellen highlighted extreme uncertainly about how many more jobs the US economy can create before inflation picks u(...)