ECONOMY

Italian Treasury faces stern test to raise €9bn after surprise GDP revision and Fitch downgrade.

Newly available City jobs rises to 2,583 in February from 2,331 in January, giving a promising start to the year.

Japan machinery orders drop sharply in January, signalling weak capital spending in the coming six to nine months.

Parliamentary Commission on Banking Standards recommend banks to be broken up if they flout ring-fencing rules.

CBI expects the Budget on 20 March to be fiscally neutral and the economy to grow at a rate of 0.3 percent in first-quarter of 2013.

China undertakes major revamp in government bodies in charge of energy, rail and food safety to curb corruption.

The banking commission demands the inclusion of legal powers for the breakup of banks that violate ring-fencing rules.

China's factory output and retail sales data indicate underlying issues in the economy, which is still recovering from slow down.

Fitch believes that structural reforms are not possible in the near future, given the present political uncertainty in Italy.

The unprecedented jump in food prices is expected to be due to the seasonal distortions caused by the New Year holidays.

US February unemployment rate falls to 7.7 percent, the lowest since December 2008.

PM assertion that tax increases and spending cuts have not hurt growth are wrong, says the Office for Budget Responsibility.

Financial Services Authority reveals that banks paid customers £439m in January alone.

China's growing middle class will provide massive boost to the European tourism industry, says research

Investors bet on deeper central bank support in face of tepid data and rising political risks.

The US oil imports rise 12.3 percent in January while sales to Europe, China, Japan and Brazil decline.

China's exports surge 21.8% in February beating forecasts of a 5% rise, while imports drop 15.2%.

Japan's economy expands 0.2 percent in fourth quarter, but widening current account deficit remains a challenge to Shinzo Abe.

Asian markets report mixed response as China posts an unexpected trade surplus for February.

Sterling rises and gilts fall after Bank makes no change to £375bn asset purchase programme

Vince Cable's right-hand person puts question to parliament after consulting IBTimes UK over series of exclusives.

Oil policy will not change overnight but Malcolm Graham-Wood details the repercussions on the energy markets.

France’s jobless rose above 10 percent for the first time since the second quarter 1999

The Financial Times says Chancellor Osborne may be preparing extra powers for incoming BoE Governor Mark Carney to revive economic growth.

Italian bank suffering huge derivatives losses seeks damages from two former executives as well as Nomura and Deutsche Bank.

Britain's second-biggest insurance group says dividend cut will free-up cash to reduce debts.

BCC expects medium-term improvement, reaching 2.2 percent in 2015.

As critics round on Bank of England Funding for Lending Scheme, research suggests limited appetite for credit.

Bank of Japan maintains the size of its asset-purchase programme and policy rate as governor Shirakawa departs.