Dollar picks up on rate hike speculation

Tokyo (AFP) - The dollar climbed Tuesday to a five-week high against the yen and held its euro gains on growing expectations the US Federal Reserve will raise interest rates this year.

ECB ready to act to help credit market if needed: Liikanen

MILAN: The European Central Bank is ready to boost liquidity in the credit market by issuing another long-term loan if necessary, ECB Governing Council member Erkki Liikanen was quoted as saying on Sunday by Italy's Corriere della Sera newspaper.

US Federal Reserve could taper in October , depending on data: James Bullard

NEW YORK: The US Federal Reserve could still scale back its massive bond buying program at an October meeting should data point to a stronger economy, St. Louis Fed President James Bullard said on Friday.

UK economy 'buoyant' as services sector grows at fastest rate in two years

Hopes of an economic recovery are growing as the UK's dominant services sector expanded at its fastest rate in more than two years, according to monthly data.

Federal Reserve leaves interest rates alone and pledges to continue stimulus

The US Federal Reserve left interest rates unchanged and reaffirmed its pledge to maintain its massive stimulus program amid further signs of a split in the central bank's committee and speculation that chairman Ben Bernanke is preparing to step down.

Warren Buffett: Fiscal cliff talks could miss deadline

Billionaire investor Warren Buffett believes the US fiscal cliff may be solved by January rather than December. Congress has until 31 December to cut a deal to stop existing economic stimulus measures terminating and huge automatic spending cuts coming into effect.

London investors to track another key week for eurozone

LONDON: Investors on the London stock market were set to pay close attention next week to the latest chapter in the eurozone crisis, while also tracking British company earnings and official economic data.