Economic News

Latest News

  • (ShareCast News) - London´s top-flight index barely managed to close in the green, following the release of somewhat mixed economic data Stateside and ahead of speeches from two key Fed speakers, one later ...

  • (ShareCast News) - Sterling was lower as UK's Q1 2016 gross domestic product (GDP) growth was confirmed to have slowed, with the US dollar down after a range of data and commentary from Federal Reserve ...

  • (ShareCast News) - 1630:Close The Footsie barely managed to eke out a positive close, with traders proving cautious following recent gains and given the headline risk surrounding speeches from two top ...

  • The growth picture was further boosted by another report on Thursday showing the number of Americans seeking unemployment benefits fell more than expected last week, pushing them back to near cycle lows. The Commerce Department said orders for non-defense capital goods excluding aircraft, a closely watched proxy for business …

  • Orders for long-lasting U.S. manufactured goods jumped 3.4 percent in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over. "The U.S. durable goods data was not as good as expected so we've …

  • Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel (BSE: TATASTEEL.BO - news) 's UK assets. With (Other OTC: WWTH - news) serious offers now on the table for Tata Steel UK, Britain's …

  • Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday, lifting commodity and energy-related shares in Europe and Asia, though worries about U.S (Other OTC: UBGXF - news) . Oil's rise took it to levels more than 80 percent above January's 12-year lows and was fuelled in part by a weaker …

  • (ShareCast News) - Headline economic growth in Spain remained robust at the start of the year, but the details of the report revealed a sharp slowdown in investment due to the impact of the severe political ...

  • Europe's benchmark German bond yield nudged up on Thursday as oil prices cleared $50 for the first time in 2016 and raised the prospects of a future boost to the bloc's near-zero inflation. Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday he would support raising interest rates in the "near future," …

  • UK GDP up 0.4% in the first quarter Sharecast - 16 hours ago

    (ShareCast News) - Data from the Office for National Statistics showed UK gross domestic product increased by 0.4% in the first three months of the year, in line with the flash estimate and as expected....

  • Net (LSE: 0LN0.L - news) migration to Britain reached its second highest level on record in 2015, according to the final set of official data to be released before an EU referendum in which the number of new arrivals from Europe has driven much opposition to the bloc. Net migration, the difference between the number of …

  • Net (LSE: 0LN0.L - news) migration to Britain rose to 333,000 last year, according to the final set of official data to be released before Britons vote in an EU referendum in which the number of new arrivals from Europe has driven much opposition to the bloc. In 2010, Prime Minister David Cameron promised to reduce the …

  • Thursday preview: Tate & Lyle reports finals Sharecast - Wed, May 25, 2016 18:28 BST

    (ShareCast News) - Tate & Lyle is expected on Thursday to report a decline in full year profits on foreign exchange headwinds as the food ingredients company undergoes a restructuring.

  • TREASURIES-U.S. bond prices flat ahead of 5-year note sale Reuters - UK Focus - Wed, May 25, 2016 17:24 BST

    U.S. Treasury prices were little changed on Wednesday, paring initial losses, in advance of a $34 billion auction of five-year notes following Tuesday's stellar two-year debt sale. Short- and medium-term yields touched 10-week highs in earlier trading, as further gains on Wall Street and growing bets on a possible Federal …

  • Brexit vote could bring two more years of austerity, IFS report claims

    A fresh warning about the potential economic cost of Brexit has been issued by the head of the World Trade Organisation, who warned import tariffs would cost the country billions.

  • European stocks retreat AFP - Wed, May 25, 2016 15:16 BST
    Global stocks rally rolls on

    Around 1330 GMT, the London stock market was up 0.5 percent

  • (ShareCast News) - Leaving the European Union could "jeopardise" the pound´s standing as a reserve currency, make attracting foreign capital dearer, Standard&Poor´s Global Ratings pointed out....

  • Strong German business, consumer morale boost hopes for growth Reuters - UK Focus - Wed, May 25, 2016 14:35 BST

    Analysts had expected the economy to lose steam over the summer months, but the Ifo index for May, released on Wednesday, suggested that any slowdown could be very limited. In another positive sign for the German economy, consumer morale further improved heading into June as shoppers remained upbeat, the GfK (Swiss: GFK.SW …

  • S&P: The pound could lose its spot as one of the world's top currencies in a Brexit Business Insider UK Finance - Wed, May 25, 2016 14:31 BST
    S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

    Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P argues that the impacts Brexit could have …

  • US pre-open: Stocks seen higher as oil advances Sharecast - Wed, May 25, 2016 12:57 BST

    (ShareCast News) - US futures pointed to a higher open on Wednesday as oil prices advanced, edging closer to the $50 a barrel level.

  • FOREX-Dollar at 2-month highs on rate view, Greek deal helps euro Reuters - UK Focus - Wed, May 25, 2016 08:30 BST

    The dollar hit a two-month high against a basket of currencies on Wednesday on expectations the Federal Reserve will raise rates in the near term, but it gave up gains against the euro on relief that there was progress in Greek bailout talks. The dollar index was flat at 95.536, after rising as high as 95.661 earlier in …

  • UK 'in recession by 2019' unless free trade agreement secured if Brexit backed

    Britain would lose £30 billion in exports and more than 1,700 UK firms would go bust if its fails to secure a free trade agreement (FTA) with Europe in the event of Brexit, a report has found. 

  • IMF approves 550-million euro loan for Bosnia AFP - Tue, May 24, 2016 21:52 BST
    IMF approves 550-million euro loan for Bosnia

    EU membership is a major political objective for Bosnia, and under pressure from Brussels it launched economic reforms last year, notably on the labour market

  • Carney Accused Of Brexit Debate Propaganda Sky News - Tue, May 24, 2016 15:15 BST
    Carney Accused Of Brexit Debate Propaganda

    Bank of England governor Mark Carney came under fire at a grilling by MPs today when he was accused of rehashing "propaganda" on the economic consequences of Brexit. Mr Carney was involved in a testy exchange with Conservative pro-leave MP Jacob Rees-Mogg as he suggested that the Bank's reputation for independence had …

  • Family holidays to Europe 'to cost £230 more' after Brexit, PM claims

    Leaving the EU could put £230 on the cost of a family holiday and £4 on the price of a phone call home, David Cameron has claimed, as he set out what he termed the "retail" case for continued membership.

  • Eurozone ministers push for Greece debt deal

    Greece and its European Union creditors are locked in talks on how to reduce the country's debt burden, which the International Monetary Fund (IMF) said must happen if it is to contribute any more of its ...

  • Osborne Faces Shaky Start On Public Finances Sky News - Tue, May 24, 2016 12:16 BST
    Osborne Faces Shaky Start On Public Finances

    George Osborne suffered a shaky start to the new financial year as official figures showed public sector borrowing was higher than expected last month. Borrowing - excluding the effect of bank bailouts - came in at £7.2bn in April, according to the Office for National Statistics (ONS). It is only the first month of the …

  • Why Ireland is awash with investment but startups still feel starved of funding

    Those at the heart of the sector explain the problems early stage companies have finding backers.

  • US open: Stocks rise despite hawkish Fed speakers Sharecast - Mon, May 23, 2016 16:37 BST

    (ShareCast News) - US stocks gained on Monday as investors seemed unfazed by hawkish statements from Federal Reserve officials and a worse-than-expected manufacturing report.

  • (ShareCast News) - Britain would enter a year-long recession with a 3.6% growth slump and 500,000 jobs lost if it left the European Union, according to a Treasury analysis.

  • (ShareCast News) - The United States' relatively tight labour market may place upward pressure on inflation, raising the case for higher interest rates in that country, said St Louis Federal Reserve president ...

  • (ShareCast News) - London stocks were under the cosh on Monday as mining and oil shares edged lower.

  • (ShareCast News) - US futures pointed to a modestly weaker open on Wall Street on Monday amid declining oil prices, as investors looked for further clues on the timing of the next rate hike by the Federal ...

  • Osborne: Brexit Would Mean Year-Long Recession Sky News - Mon, May 23, 2016 10:01 BST
    So What's Fishy About Treasury Brexit Report?

    Britain's economy would be tipped into a year-long "DIY recession" if the UK votes to leave the EU, according to George Osborne. David Cameron and the Chancellor have released the second and ...

  • Get ready for an economic crash if Britain leaves the EU Business Insider UK Finance - Mon, May 23, 2016 08:48 BST
    Get ready for an economic crash if Britain leaves the EU

    Britain's economic growth could tank by 3.6% if we leave the European Union, according to the Treasury. Under a shock scenario, the UK's GDP growth would be 3.6% lower than the current forecast of a 4.3% increase by 2018. The falling pound would drive prices for imported goods upwards and house prices would drop by about …

Next >>