News by: Himanshu Singh
And Barclays has set aside £500 million to cover the cost of ongoing investigations into the rigging of currency markets.
The Dow Jones added 221 points as a report showed faster-than-estimated growth in GDP and by another round of strong earnings reports including Visa.
Shares decline after the US central bank confirmed it will end its asset-purchase programme and expressed confidence in the country’s economic prospects.
And the Serious Fraud Office has launched a formal criminal investigation into accounting practices at Tesco.
And tumbling oil prices have hit the earnings of two big London-listed energy companies - BP and BG Group - in one of the first tangible signs of how the oil supply glut is reverberating across the global economy.
Amgen climbed 6.1%, a day after its 2015 outlook topped expectations, while T-Mobile US added 3.1% after boosting its estimate for subscriber acquisitions.
Energy stocks fell with another decline in oil prices, while telephone and consumer shares rose.
And the BoE has written to dozens of insurance companies to assess the risk that climate change poses to their solvency and earnings.
And Vodafone's £6 billion acquisition of Ono has been tarnished by allegations that the Spanish cable operator's profits were inflated by tax fraud.
Shares rose in morning trade, taking heart from upbeat earnings and US economic data and as a stress test passed by most European banks added to signs of recovery in the region.
The outcome puts the focus on Italian banks, nine of which were found to have a total shortfall of €9.4 billion.
And about 25 banks are expected to fail the European Central Bank’s landmark health checks.
Caterpillar Inc jumped 5% after profit beat forecasts and the machinery maker raised its full-year profit forecast.
And Tesco withholds £2 million payout to former bosses as accounting scandal sparks 92% fall in profits.
Biogen Idec fell 5.4% after sales of its multiple sclerosis drug, Tecfidera, fell short of lofty expectations.
And China’s outbound direct investment is for the first time set to exceed investment into the country.
The bullish tone was helped by news that said the European Central Bank is considering buying corporate bonds.
And China’s economy grew at its slowest pace since the depths of the global financial crisis in the third quarter.
Earnings reports from Halliburton, Gannett Co, and others, helped ease the worries over global growth.
And IBM’s latest attempt to overhaul its century-old business in the face of one of the technology world’s periodic upheavals faltered.