UK recession chances creep up to 40%

The risk that Britain's economy will slide into recession in the next 12 months has edged up, and this might prompt the central bank to boost its asset purchase programme again to

Euro zone crisis hammering developed economies

The outlook for developed economies remained dangerous in November despite an emerging split between Europe, ravaged by an intensifying sovereign debt crisis, and a slightly better performance in the United States. Reuters

Berlusconi resignation fails to convince markets

Prime Minister Silvio Berlusconi's pledge to resign after implementing economic reforms did nothing on Wednesday to staunch a perilous collapse in market confidence in Italy. Financial markets have been clamouring for weeks