There is a bloodbath in retailing in terms of competition.

The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation.

The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation,

There is a persistent trend that we are seeing in Asian currencies and it has got to do with more than a view on Fed policy.

This raises the chances of an easing in French and German rates before the year end.

Europe has had an image problem. It has seemed unable to change and adapt to the world.