Standard Chartered set to axe about 1,000 top jobs - CEO

StanChart CEO plans to cut about 1,000 top staff

09 Oct Standard Chartered's new CEO Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs go.

The US Federal Reserve surprised much of Wall Street by keeping interest rates unchanged at its September meeting

Fed waiting to see if global slowdown to hit US

09 Oct The US Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course.

WTI is up nearly 30% and Brent almost 24% higher after hitting six-year lows in August.

Oil prices extend gains in Asia

09 Oct Oil prices extended their recent rally in Asia on hopes that increasing demand and a decline in US crude production would ease a supply glut.

Morning business news with Adam Maguire

Morning business news - October 9

09 Oct The economy is to grow by 5.6% this year and 4% in 2016, according to a consensus forecast compiled by DKM Economic Consultants.

Apple CEO Tim Cook launching Watch in September 2014

Review: Apple Watch

09 Oct By now you will have seen and possibly read plenty about Apple's Watch - the tech giant's long anticipated first foray into the wearable space.