Economy News

The US Federal Reserve repeats its pledge to keep interest rates at "exceptionally low levels" to aid the recovery.

Government plans to cut the UK's budget deficit are not ambitious enough, a European Commission report will warn this week.

New car sales in Europe rose by 3.2% in February from a year earlier, but fell 30% in Germany as its scrappage scheme ended.

Petrol prices in the UK could hit a record average high of £1.20 a litre in the next few weeks, according to the AA.

European finance ministers delay plans to vote on a new regulation of hedge funds and venture capitalists.

Greece receives some positive news from the financial markets as ratings agency Standard & Poor's (S&P) backs its economic recovery plans.

Construction of new US homes fell in February, with blizzards in some parts of the country being partly blamed.

Members of the forthcoming new state pension scheme - the National Employment Savings Trust - will be charged 0.3% of their funds each year.

The consortium behind the planned Nord Stream gas pipeline from Russia to Europe has secured a 3.9bn euro funding deal from 26 banks.

The worst winter in decades has cost the UK's small and medium-sized companies about £7.3bn, a study says.