The 34 largest US banks have all cleared the first stage of an annual stress test, according to the Federal Reserve.

​Bank of England policymaker Kristin Forbes said she feared the pound's weakness would have a lasting effect on inflation.

Mexico's central bank raised borrowing costs for a seventh straight time as the country's annual inflation rate surged.

Qatar Airways has expressed interest in buying up to 10 per cent of American Airlines, an unsolicited approach.

Warren Buffett has come to the rescue of embattled Canadian lender Home Capital with a $2 billion loan facility.

Iron ore's demand-driven price surge last year is increasingly looking like an aberration.