UK Mortgages rates and deals

The US Federal Reserve slashed interest rates from 1 per cent to a new range of 0-0.25 per cent.

The UK maker of electromagnetic shields for mobile phones is to cut 40% of its workforce to cope with a large expected decline in handset sales

With another rate cut on the horizon and volatility declining, the dollar will likely lose some more ground. I’m also dropping Perrigo, a maker of generic drugs, which has dropped 10% since I bought it.

The UK’s rate of inflation fell to 4.1% in November, official figures show, less of a decline than analysts had expected.

The list of investors and banks hit by an alleged $50bn (£33bn) fraud by US trader Bernard Madoff continues to grow.

The inflation rate fell sharply in November as falling energy prices and a deepening recession eased upward pressure on prices, although the CPI index was still higher than the 3.9% forecast by economists

Opec’s two most hawkish members, called on the cartel to double the number of barrels it has already promised to withhold from the market as oil prices continued to trade far below the group’s pain threshold