Bloomberg A tangle of cracks has opened up around an erupting volcano in the Philippines that’s triggered hundreds of earthquakes and urgent pleas for residents to evacuate areas at risk of dangerous fissures and ashfall. Police locked down three towns near Taal Volcano, 65 kilometres (40 miles) south of Manila, to prevent residents from returning home. More than 82,000 people ...

Bloomberg The path to a Bank of England (BOE) interest-rate cut as soon as this month became clearer on Wednesday after inflation unexpectedly slowed to a three-year low. The pound fell and traders increased bets that policy makers would reduce rates on January 30, as the shock reading reinforced speculation fuelled by dovish comments from BOE Governor Mark Carney and ...

Bloomberg The Federal Reserve Bank of New York announced plans to conduct repurchase agreement operations through until at least February13, although the size of term operations will be trimmed to $30 billion from the start of next month. The central bank did not elaborate on plans beyond that. The move extends a programme that has been in place since it ...