Oil prices slipped back below $73 a barrel today as optimism over the strength of a global economic recovery faded.
Crude was down 56 cents to $72.35 having hit a seven-week high of $73.24 earlier in the day. The initial rise was sparked by a plunge in oil stocks in the US, which many thought was due to increasing demand and recovery.
However, it soon became clear it was down to a fall in imports.
Moody's has sent shockwaves through the global banking system and sparked fury in the City, as the ratings agency threatened to slash the...
One of London's most senior bankers is calling on the government to issue a renminbi-denominated bond as part of a charm offensive to boost...
"After going to hell and back this is a day to remember," said fired Olympus boss and whistle-blower Michael Woodford after seven executives...
Ian Cheshire, B&Q owner Kingfisher's chief executive, and his top team are set for bumper payouts after smashing its bonus scheme's targets
European stock markets were jittery and the euro has dropped to its lowest level in four weeks as the brinksmanship between Greece and its...
Add £1000 python skin Gucci handbags to the list of things that remain popular despite the economic gloom
BAE Systems has raised the prospect of further job cuts as Britain's biggest manufacturer announced a disappointing set of results for 2011...
The economy might be in dire straits but Brits still love a pint down the pub
Is it time for Unilever to consider breaking up?
Tonight:
5°c
