Shares of leading British banks surged on Friday after long-awaited rules limiting their indebtedness proved less draconian than industry executives had feared.
WPP's founder Sir Martin Sorrell warned yesterday that the Ebola epidemic, the rise of Isis and unrest in Hong Kong are �grinding down� confidence among major advertisers.
The yen tumbled to its weakest level in almost seven years after the Bank of Japan unexpectedly boosted monetary stimulus, underscoring the widening gulf in monetary policy with the Federal Reserve.
... * Oct official PMI dips to 50.8, vs f'cast 51.2, Sept 51.1. * Growth in domestic, export orders cools. * Manufacturers also facing high borrowing costs (Adds more reaction from economists, details).
THE owner of British Airways has stepped up pressure on its European rivals by forecasting it will make bigger than expected profits this year.