The Chancellor has pressed the start button on plans to whittle down the government's stake in Lloyds before the General Election, in a move which could raise more than �3billion for the Treasury.
European Central Bank executive board member Beno�t Coeur� told The Wall Street Journal in an interview that he sees �broad consensus� around the bank's governing council that it must �do more.
Signaling she's in no hurry to raise rates, Federal Reserve Chair Janet Yellen said the central bank is unlikely to move before the end of April and that borrowing costs will remain low for a �long time� after liftoff.
Catlin Group has confirmed it has received an approach from XL Group. Under the indicative terms of the possible offer, XL would acquire 100% of Catlin for consideration of 410p in cash and 0.130 shares of XL for each Catlin common share.
Prices paid by American consumers dropped in November by the most in almost six years, providing a boost to buying power that will propel economic growth.