Business Blog

Bank of England governor Mark Carney discusses the possibility of interest rates rising, and whether the Bank has too much power.

* European shares inch up, but Iraq concerns, data weigh * Most Asian markets in the red as U.S. growth outlook in spotlight * U.S. 10-year yield near 3-week low, German yield near 1-year trough * Canadian dollar at 6-month high following inflation surprise By Marc Jones LONDON, June 27 (Reuters) - Concerns about Iraq and Ukraine and subdued economic data left Eu

UK economic growth in the first quarter of 2014 was helped by the fastest expansion in business investment in two years, official figures have shown.

North Korea's economy grew by 1.1% in 2013 according to estimates by South Korea's central bank, even as trade with the nation is constrained by UN sanctions.

Bank of England governor Mark Carney suggests interest rates could reach a "new normal" of around 2.5% in early 2017.

Debt markets fall short of Federal Reserve’s rate forecasts, with interest rate futures predicting Fed funds rate of 1.7% by the end of 2016