Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy.
As many as 4,000 jobs are on the line as Germany's ThyssenKrupp and India's Tata Steel prepare to merge their European steelmaking operations and generate savings of up to €600m a year.
Retail sales for August smashed expectations, growing well above the consensus forecast of 0.2pc, and providing a boost for the pound.
The OECD said Britain's labour market remained robust, but weak productivity and real wage growth persisted. Photograph: David Davies/PA.
The City is unsure that the ONE policy of B&Q's owner will, by 2021, yield the expected profits. Photograph: Paul Faith/PA.