Economics

Agnes Deng on what makes the China equity market a good buy

Britain's largest banks will present their "living wills" to the FSA next month, ahead of the G20 summit of leading industrialised nations in South Korea.

America's wave of new financial regulation is likely to prompt the country's biggest financial institutions to break themselves up, according to the chairman of the Federal Reserve.

The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.

Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.

The UK economy grew by more than expected in Q2 of 2010, boosted by a strong performance from the construction sector.

Disappointing economic figures from the US coupled with a warning over a double-dip recession in the UK have plunged global markets further into the red in afternoon trading.

The FTSE 100 has plunged in late morning trading as renewed concerns over the global economy end the recent rally powered by M&A speculation.

A number of the UK's largest banks have warned the proposed changes to the country's regulatory system - including the scrapping of the FSA - will leave too much power in the hands of a small group.

Japan's economy grew at a much weaker than expected pace and was overshadowed by China in the second quarter.