News by: Himanshu Singh
And inflation in the UK could double as oil price pushes up petrol costs.
And Bank of England will tolerate higher inflation for the sake of growth.
And Standard & Poor's has warned on the UK's reserve currency status as Brexit hardens.
Reviving concerns about the health of the world's second-largest economy, data showed China's exports fell 10% in September.
And Wells Fargo chief John Stumpf resigns after bank rocked by sales scandal.
Aluminum giant Alcoa fell 2.9% a day after losing 11% as it announced disappointing third-quarter earnings.
And according to Chinese ambassador in the UK, Brexit has made China keener to strike a trade deal with Britain.
Alcoa tumbled 11.4% after the metals company's quarterly profit missed estimates and it lowered its revenue forecast.
And Britain should embrace weaker pound and it needs to fall further, says former BoE governor and currency guru.
Yesterday’s gains also came after Russia supported international efforts to limit oil supplies pushing up crude prices rose to their highest in a year.
An American jobs report on Friday showed its central bank remains on course to lift interest rates in December.
And Facebook enjoys £11 million UK tax credit as it makes £5 billion global profit.
And after sterling’s terrifying plunge, bosses plead for clarity on the future of Brexit.
And taxpayers are set to lose out on £3.6 billion Lloyds sale as retail investors barred as stake sold at discount.
And foreign investors race to snap up London commercial property after Brexit vote.
Twitter plunged 20.1% as fears mounted that a much-anticipated auction of the social media company will draw minimal interest from potential buyers.
And Tesco boss Dave Lewis says it's 'time to step it up' as he unveils new growth plans.
Financials rose on the increasing likelihood of an interest rate increase after strong economic data.
The FTSE closed just 30 points off its record high of 7,104 in April last year amid rock-bottom deposit rates and plunging bond yields.
Sears surged 6.42% amid reports that the department store chain's Craftsman tool brand had attracted multiple bidders.