Markets are braced for more gloomy news on the western economies with US data expected to confirm a poor outlook for jobs and shaky confidence.
Figures yesterday showed a surprise jump in US claims for unemployment benefit to a three-month high of 479,000, reports the Guardian. They are expected to be followed by labour market data today showing jobs were lost for the second month running in July while the unemployment rate crept back up towards 10%. Read more BARCLAYS set aside a £1.7bn bonus pool for its staff in the first half of the year as profits surged to £3.9bn. The bonus pool will be benefit 150,000 staff, but the lion's share will go to Bob Diamond's investment bankers at Barclays Capital, reports The Indepe...
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