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  • How George Osborne toughed it out - and won Telegraph - 1 hour 45 minutes ago

    History will judge George Osborne to be one of Britain's greatest Chancellors, says leading economist Andrew Lilico

  • With just a few days to go before the election, a decisive result still looks unlikely but when it comes to the economy, the choices between the parties are stark

  • US stocks rally after weak 1Q GDP data AFP - Fri, May 1, 2015 23:40 BST
    US stocks rally after weak 1Q GDP data

    Wall Street stocks finished the week on a positive note after a bruising two-day retreat following a dismal US economic growth report

  • 5 Things to Watch on the Economic Calendar The Wall Street Journal - Fri, May 1, 2015 22:40 BST

    The April employment report will headline a busy data week for economy-watchers. Coming reports might change what we think of first-quarter growth and our views of what’s ahead.

  • Commodities mostly rise on weak dollar, US economy

    The US dollar sank on weak economic growth and the uncertain interest rate outlook, as the euro soared to a two-month high of $1.1285

  • Irish central bank bond policy unchanged, makes record profit Reuters - UK Focus - Fri, May 1, 2015 16:07 BST

    Ireland (Other OTC: IRLD - news) 's central bank said on Friday it will not change the timetable for bond sales tied to a 2013 deal to ease the state's burden as it delivered a record profit to the state last year, mainly on the sale of such bonds. As part of the deal struck with the European Central Bank (ECB) to stretch …

  • China manufacturing grows modestly in April: govt AFP - Fri, May 1, 2015 15:34 BST
    China manufacturing grows modestly in April: govt

    Workers produce toys in a factory in Lianyungang, east China's Jiangsu province in April 2015

  • PTSB opens new chapter for CoCos Reuters - UK Focus - Fri, May 1, 2015 15:27 BST

    An inaugural Additional Tier 1 bond issue for Permanent TSB heralds a new dawn for the market. PTSB is using the funds to help fill a capital hole, demonstrating that AT1 instruments can also be used to meet shortfalls with private funds. The 125m perpetual non-call six-year transaction, which was also the first ever …

  • British manufacturing cools before closely fought election Reuters - UK Focus - Fri, May 1, 2015 11:46 BST

    British manufacturing growth slowed sharply in April, a survey showed on Friday, underlining the uneven nature of an economic recovery that is at the heart of a national election just six days away. Separate data showed consumer lending rising sharply, suggesting that the recovery is being driven by spending. Sterling …

  • Irish Central Bank says policy on bond disposals unchanged Reuters - UK Focus - Fri, May 1, 2015 11:00 BST

    Ireland (Other OTC: IRLD - news) 's Central Bank said on Friday it will not change the timetable for bond sales tied to a 2013 deal the Irish government struck with the European Central Bank to ease the burden of its bank debt. Ireland won ECB approval in 2013 to stretch out the cost of bailing out the collapsed Anglo …

  • London stocks fell on Friday despite a better-than-expected first quarter from Lloyds Banking Group as investors were treading carefully in the absence of trading across Europe.

  • Key UK manufacturing gauge tumbles six days before election Reuters - UK Focus - Fri, May 1, 2015 09:30 BST

    Financial data company Markit (NasdaqGS: MRKT - news) said its monthly Purchasing Managers' Index for manufacturing dropped to a seven-month low of 51.9 in April from a downwardly revised 54.0 in March, the biggest one-month fall since February 2013. "Today's UK PMI delivered less-than-positive news on the health of the …

  • Rentokil says on track for year after Q1 revenue rise Reuters - UK Focus - Fri, May 1, 2015 08:58 BST

    British support services firm Rentokil Initial (LSE: RTO.L - news) said it was on track to achieve its full-year expectations after a 2.2 percent rise in revenue in the first quarter, helped by strong growth in Britain, North America and Latin America. The company, which offers services from pest control to the supply …

  • Irish manufacturing growth slows a touch in April -PMI Reuters - UK Focus - Fri, May 1, 2015 06:00 BST

    Irish manufacturing expanded for the 23rd successive month in April, albeit at a slightly slower rate than in the previous two months as growth in orders from abroad hit a six-month low, a survey showed on Friday. The Investec Manufacturing Purchasing Managers' Index, which posted its fastest growth in 15 years in February, …

  • Markets in the Asian countries not observing Labour Day edged forward on Friday, as Japanese stocks reversed earlier losses.

  • Irish central bank governor to retire at end of year - sources Reuters - UK Focus - Thu, Apr 30, 2015 20:33 BST

    Irish Central Bank Governor Patrick Honohan will announce on Friday he intends to retire at the end of the year, nine months before his seven-year term was due to end, two sources familiar with the decision said. Honohan, who is also a member of the European Central Bank's (ECB) governing council, was appointed to his …

  • Irish central bank head may outline plays to resign - Bloomberg Reuters - UK Focus - Thu, Apr 30, 2015 18:19 BST

    Irish Central Bank Governor Patrick Honohan may outline plans to step down when he presents the bank's annual report on Friday, Bloomberg reported on Thursday, citing people familiar with the matter. Honohan, who is also a member of the European Central Bank's (ECB) governing council, would not intend to step down immediately, …

  • Stocks in the euro-area were in positive territory as Greece indicated concessions in bailout talks and data showed an improvement in Eurozone consumer prices.

  • Trichet defends ECB role in Irish bailout, banking crisis Reuters - UK Focus - Thu, Apr 30, 2015 17:36 BST

    Ireland was in such a perilous position in 2010 that it had no choice but to seek an international aid programme, former European Central Bank head Jean-Claude Trichet said on Thursday, defending his role in the Irish crisis. At a much-anticipated event during a parliamentary inquiry into Ireland's banking crisis, Trichet …

  • U.S. data suggest economy picking up steam after weak Q1 Reuters - UK Focus - Thu, Apr 30, 2015 17:02 BST

    The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. "This morning's reports all point to an economy that is doing a lot better than the near-stagnation …

  • Trichet defends role in Irish bailout, says no other option Reuters - UK Focus - Thu, Apr 30, 2015 16:24 BST

    Ireland (Other OTC: IRLD - news) was in such a perilous position in 2010 that it had no choice but to seek an international aid programme, former European Central Bank head Jean-Claude Trichet said on Wednesday, defending his role in the bailout. Trichet was speaking at a much-anticipated event, facilitated by a parliamentary …

  • GLOBAL MARKETS-U.S. data and Fed caution keep pressure on stocks, dollar Reuters - UK Focus - Thu, Apr 30, 2015 12:27 BST

    World stock markets and the dollar remained in sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve. Asian and European ...

  • Euro zone exits deflation - just Reuters - UK Focus - Thu, Apr 30, 2015 11:04 BST

    The euro zone ended four months of deflation in April with consumer prices unchanged from year-ago levels, removing the threat of persistent price declines as energy costs pushed up in the month. Consumer prices in the 19 countries that share the euro were flat in April from a year earlier after a 0.1 percent decline in …

  • GLOBAL MARKETS-U.S. data, Fed caution keep pressure on stocks, dollar Reuters - UK Focus - Thu, Apr 30, 2015 09:46 BST

    World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve. Asian and European ...

  • UK stocks are expected to open with small gains on Thursday after a two-day sell-off wiped 2.2% off the value of the FTSE 100.

  • Morning MoneyBeat Europe: Bounce Tipped, Markets Mull Fed Call The Wall Street Journal - Thu, Apr 30, 2015 06:05 BST

    European markets are tipped to bounce back a little early Thursday as investors digest the latest monetary policy meeting outcome from the United States Federal Reserve.

  • Japan factory output inches down in March AFP - Thu, Apr 30, 2015 02:45 BST
    Japan factory output inches down in March

    Japan's factory output falls by a less-than-expected 0.3% in March, but the still-weak statistics underscore an uncertain economic recovery

  • FOREX-Euro shoves dollar aside as bund yields jump Reuters - UK Focus - Thu, Apr 30, 2015 00:38 BST

    A statement from the Federal Reserve, issued a few hours after the GDP data, said the slowdown was probably transitory but still suggested any interest rate hike will not happen soon. The dollar index fell as far as 94.678, reaching a low not seen since late February.

  • Ignore the 'whiff of panic' as US economy stalls Telegraph - Wed, Apr 29, 2015 22:17 BST

    The economy contracted in the first quarter once inventories are stripped out. 'It is hard to put lipstick on that pig,' said UniCredit.

  • Stock markets worldwide fell on Wednesday after weak corporate results and data showing U.S. economic growth braked more sharply than expected in the first quarter, while the dollar pared losses after a Federal Reserve policy statement. The data hit European shares, which also suffered from weak corporate results from …

  • US STOCKS-Wall St ends down after Fed statement, GDP data Reuters - UK Focus - Wed, Apr 29, 2015 21:32 BST

    U.S. stocks ended lower on Wednesday as the Federal Reserve cited weakness in the U.S. economy and data showed U.S. growth slowed more sharply than expected in the first quarter. "We all know the Fed would love to start normalizing rates, but the simple fact is, the data does not warrant that action right now," said Wayne …

  • TREASURIES-U.S. yields rise in global sell-off; no new Fed clues Reuters - UK Focus - Wed, Apr 29, 2015 20:18 BST

    The U.S. Treasuries market sagged on Wednesday with benchmark yields hitting their highest in six weeks amid a global bond sell-off, as the U.S. Federal Reserve acknowledged a softening in economic growth ...

  • Federal Reserve remains open to interest rate hike in June Sharecast - Wed, Apr 29, 2015 20:18 BST

    The Federal Reserve said it anticipates a rebound in the US economy after the sluggish winter months, remaining open to the possibility of an interest-rate increase as early as June.

  • Federal Reserve says US weakness is only 'transitory' Telegraph - Wed, Apr 29, 2015 20:15 BST

    Officials at the world's most influential central bank have said that a slowdown in growth and hiring at the start of the year reflected 'transitory factors'

  • US STOCKS-Wall St cuts losses following Fed statement Reuters - UK Focus - Wed, Apr 29, 2015 19:36 BST

    U.S. stocks were down slightly on Wednesday after a Federal Reserve statement pointed to labor and other areas of U.S. economic weakness, suggesting it was in no rush to raise interest rates. "We all know the Fed would love to start normalizing rates, but the simple fact is, the data does not warrant that action right …

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