US Republican presidential candidate Mitt Romney is the front-runner to challenge Barack Obama for the Presidency after securing the swing state of Ohio on Tuesday night.
Lehman Brothers has emerged from bankruptcy and is now a liquidating company that will begin the process of paying back its creditors and investors before finally being wound up.
Martin Weale voiced fears over "persistent" inflation yesterday in a hawkish speech underlining the growing splits at the Bank of England over the path of monetary policy.
US GDP for the fourth quarter of 2011 has been revised up from 2.8% to 3%.
Upbeat economic news in the US pushed the Dow Jones through 13,000 on Tuesday, the first time it had been at that level since May 2008.
The UK's prized triple-A credit rating was under threat last night after US ratings agency Moody's put it on negative outlook, citing pressures from the eurozone.
The US Treasury today issued updated proposals designed to fight offshore tax evasion.