LONDON (Reuters) - British retail sales surged at their fastest annual rate in more than a decade in November, as U.S.-style "Black Friday" discounts drove record sales growth at electrical and department stores.
The government sold 60% of Royal Mail for 330p a share in October 2013. Photograph: Stefan Rousseau/PA. Sponsored by: iShares. Julia Kollewe and Frances Perraudin.
Switzerland's franc weakened the most in nine months versus the euro after the nation's central bank introduced negative interest rates to help defend the currency's cap.
Stocks rose around the world, with Standard & Poor's 500 Index futures signaling gains after the gauge's biggest jump in more than a year, and European bonds rallied after the Federal Reserve pledged patience on interest-rate increases.
The negative effects of the sharp fall in the oil price since June have been well aired. As this week has already shown, a collapse in the currencies of oil exporters such as Russia can infect markets across the globe.