The People's Bank of China is cutting its one year deposit rate to 2.75% from 3.0% to try to revive the flagging economy. The cut, the first since 2012, comes into effect on Saturday.
FRANKFURT (Reuters) - European Central Bank President Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the euro zone economy, saying "excessively low" inflation had to be raised quickly by whatever means necessary.
Struggling Rolls-Royce finally had some good news for the City today as it landed a $5 billion (�3.2 billion) airline contract that will help alleviate the impact of global defence spending cuts.
MOSCOW Nov 21 (Reuters) - Russia's government is discussing a possible cut in oil production to shore up flagging prices but has yet to make a decision, Energy Minister Alexander Novak said on Friday.
The Office of Rail Regulation (ORR) has delivered a withering verdict on Network Rail's performance covering April-October 2014.