Janet Yellen said the Federal Reserve was keeping open the option of taking interest rates negative as headwinds grow in the global economy but played down the likelihood of such a move.
Jeremy Paxman did a lot of damage to political discourse. Not that I disapproved of him. I liked him. The problem is that so many MPs seem desperate to copy him.
Sainsbury's says its customers are responding positively to a reduction in special offers. Photograph: PA. Rebecca Smithers Consumer affairs correspondent.
British Gas says the price cut means the average annual bill will be almost �100 lower than 13 months ago. Photograph: Rui Vieira/PA.
... * S&P 500, Dow down more than 10 pct for year. * 10-yr Treasury yields hit 1.53 pct, lowest since Aug 2012. * U.S., European banking shares tumble.