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African free trade zone is agreed
The leaders of three African trading blocs agree to create a free trade zone of 26 countries with a GDP of $624bn (£382.9bn).
Car hire firm Avis to axe jobs

Car hire firm Avis Europe today said it planned to cut 315 jobs - equivalent to 5 per cent of its workforce - and close some rental locations.

Barclays board to seek re-election in funds row

Barclays' entire board will stand for re-election next year to let shareholders pass judgement on a controversial £7bn capital raising that would dilute existing investors and leave Middle East funds owning almost a third of the bank.

Rate of housebuilding has halved in the past year

The Government pledged to fight on to meet housebuilding targets yesterday, despite a fall in new starts to a record low. Seasonally adjusted housebuilding starts fell by a third in the three months to September, compared with the quarter to June. Compared with a year earlier, they almost halved.

Market Report: Traders turn attention to job security

On a day of nothing but pain for the markets in London, traders were feeling anxious and self-reflective. As the life insurers, miners and oil firms sent the blue chips sprawling, those on the floor were more preoccupied over where the job cuts were going to hit next.

Sharp fall in inflation as food and petrol prices dive

The rate of inflation in Britain fell further than expected in October as the sharp drop in the price of petrol and food helped push the consumer prices index back towards its target level.

Investment Column: Bodycote tarnished by auto industry links

Economic View: The world's authorities must recognise the eastward shift in financial power

If you want one measure of the shift in global power, consider this: all the economic growth that will take place next year is forecast to come from the emerging economies, not from the present developed world. This point hangs over the Group of 20 meeting in Washington this weekend, a group that includes the main developing countries as well as the old developed ones. If you want growth, you won't find it here.

Recessions hits US harder than expected

The cost of living in the US fell by the most in on record and builders started work on fewer homes since at least the 1960s last month, as the recession bites more deeply than expected into the world’s largest economy.

Premier Foods pays £5m to delay debt test

Premier Foods is to scrap its interim dividend payment after agreeing to pay its creditors almost £5m in return for a postponement of an examination of whether the company has breached its banking covenants.

Russian oil giant circles Repsol
Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.
Mazda buys its shares from Ford
Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
Market update - 17 November

The FTSE 100 was down 80.61 points at 4152.36 while the FTSE 250 fell to 6034.42, down 93.34 points, at 12.20pm.

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