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Moody's cuts Italian sovereign debt to one notch above 'junk', but outlook 'stable'
Moody's downgraded the long-term rating on Italy's sovereign debt on Friday, arguing that the government's revised medium-term budget plans will fail to lift the country's low growth and leave it vulnerable to future fiscal shocks.
Atlanta Fed's Kaplan says 'couple' more hikes left
Two top US central bank officials signalled a need for two or three more interest rate hikes over the current tightening cycle.
Week ahead: ECB, Fedspeak in focus
The European Central Bank will likely dominate the headlines over the coming week, as rate-setters in Frankfurt meet on Thursday to decide on policy.
US close: Stocks finish on mixed note, despite weak Chinese data
Wall Street finished on a mixed note on the 31st anniversary of the 1987 stock-market crash, as a rebound in Chinese equity benchmarks overnight helped relieve some concerns regarding dwindling global growth, despite Beijing having reported the nation's softest rate of economic expansion in nearly a decade.
Sunday share tips: Horizon Discovery, Osirium
In the Sunday Times this week, Sabah Meddings was looking at gene-editing specialist Horizon Discovery for her ‘Inside the City’ column, noting how analysts were apparently struck by chief executive’s snazzy dress sense as well as his promises of sales growth on his first appearance in the role.
Sunday newspaper round-up: Brexit, Theresa May, People's Vote, Ryanair, Debenhams, Babcock
A Tory rising star today issues a call to arms for MPs to oust Theresa May, saying Britain cannot be led by someone guilty of an “abject failure to govern” at such a defining moment in our history. Writing in the Sunday Times, Johnny Mercer says he “cannot continue to support an administration that cannot function” on issues from Brexit to the Grenfell Tower disaster and the Windrush scandal. - The Sunday Times.