LONDON--Inflation in the U.S. needs to climb back toward the 2% target before the Federal Reserve should consider slowing the pace of its asset purchases, a senior Federal Reserve official said Thursday.

The updated figures from the Office for National Statistics showed that the UK's dominant services sector, which accounts for three quarters of national output, drove the recovery - growing 0.6pc over the three months.

LONDON | Thu May 23, 2013 12:22pm BST. LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S.

Mothercare's UK business is still mired in the red despite attempts to improve its finances with a swingeing store closure plan.

BE: It seems to be that Ben said: �The free bar's still open. You don't have to sober up yet.� BE: �We don't know yet when you'll begin to sober up, but we'll probably decide within the next few months when we intend to close the bar.

Airline Flybe will end its direct Isle of Man to Gatwick flights from April 2014, it has confirmed. The company sold its slots at the London airport to Easyjet for �20m, blaming an increase in airport charges.

Thu May 23, 2013 7:07am EDT. * Pretax profit falls 22 pct to 72 mln stg. * Unveils 100 mln-stg plan to invest in retail business. * Cuts dividend, profits to be hit until 2016.

China's manufacturing is contracting in May for the first time in seven months, adding to signs that economic growth is losing steam for a second quarter.

Ford will close its two Australian factories in October 2016, ending nine decades of production in the country, blaming high costs and a strong currency.

The veteran investor's private equity fund Quantum Strategic Partners has backed the infrastructure effort. Hyperoptic is extending its fibre optic cables all the way into homes, allowing it to provide internet access at one gigabit per second, more than 10 times ...