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European shares steadied close to two-month highs today, encouraged by gains in Asia.

European shares steadied close to two-month highs today, encouraged by gains in Asia and led by miners on upbeat data from China, the world’s top meta(...)

Brent crude dropped toward $108 per barrel this morning after a sharp rally in the previous session.

Brent crude dropped toward $108 per barrel this morning after a sharp rally in the previous session, while investors waited for a slew of US data this(...)

Carney’s gambit

The Bank of England’s new governor, Mark Carney, has promised to keep interest rates at or below their current level - 0.5 per cent - until Britain’s (...)

The Taxi business is often a much broader representation of an economy - and a city’s culture - than the simple task of driving someone from A to B mi(...)

Mark Carney, governor of the Bank of England, speaks during the bank’s quarterly inflation report news conference at the Bank of England. Photograph: Simon Dawson/Bloomberg

The Bank of England broke with tradition today, saying it planned to keep interest rates at a record low until unemployment falls to 7 per cent or bel(...)

CRH rose 2.2% to €16.45. Photograph: Brenda Fitzsimons.

European stocks advanced for a fifth day, extending a nine-week high as company earnings beat estimates and investors studied US jobs data for indicat(...)

New data showed the US job market is inching toward recovery, with the broader economy still stuck in low gear. Photographer: Tim Boyle/Bloomberg

US employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the US Federal Reserve more cautious (...)

Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 326,000, the lowest level since January 2008.

The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5½ year low, suggesting a steadily improvi(...)

Natural gas flares are seen at an oil pump site outside of Williston, North Dakota. Photograph: Shannon Stapleton/Reuters

Brent crude oil slipped towards $107 a barrel today, weighed down by concerns over demand growth, although a weak dollar and fears about supply disrup(...)

Euro zone credit slump deepens

Loans to the euro zone’s private sector shrank by more than expected in June, starving the economy of the funds needed to sustain recovery and piling (...)

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