- Sterling edges down from three-week high, GDP data eyed Reuters - UK Focus - 1 hour 46 minutes ago
Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data. Sterling rose 1.2 percent last week after July inflation and retail sales numbers …
- Fed's Kaplan: Case strengthening for rate hike soon CNBC - 2 hours 0 minutes ago
But Dallas Fed President Robert Kaplan refuses to put a timetable on a possible hike.
- US Treasury yields rise; Yellen, auction eyed CNBC - 2 hours 4 minutes ago
U.S. government debt prices were higher Thursday as investors eyed the auction of $28 billion in seven-year notes.
- Poland first in Europe to issue Chinese 'Panda bonds' AFP - 3 hours ago
- Op-Ed: The Fed needs to stop stalling and hike rates now CNBC - 4 hours ago
The Fed needs to consider the possibility that hiking interest rates could actually be good for the economy, says Michael Farr.
- Portugal minister on bank recap: 'It's another big step for our financial system' CNBC - 5 hours ago
Portugal's bank recapitalization plan is "another big step towards the stabilization of the Portuguese financial system," the finance minister told CNBC.
- Spain's growth stagnates in second quarter AFP - 6 hours ago
- Net migration to Britain fell slightly before EU vote Reuters - UK Focus - 6 hours ago
Net (LSE: 0LN0.L - news) migration to Britain fell slightly in the year to March but remained close to record levels, official data showed on Thursday, the first to be released since the June 23 vote to leave the European Union. Prime Minister Theresa May has said the result of the EU referendum, in which immigration …
- Clean air but murky policy as Yellen speech awaited AFP - 11 hours ago
- Op-Ed: Why a Fed rate hike now would be a crushing blow to the economy CNBC - Wed, Aug 24, 2016 14:33 BST
Global economic policy needs to become more coordinated, more comprehensive, more coherent and more growth-oriented, says Ron Insana.
- Does This Mean There'll Be No U.K. Recession? The Wall Street Journal - Wed, Aug 24, 2016 13:34 BST
This story is from WSJ City: Fast, fact-packed updates on financial news impacting London and beyond. Made for mobile. Download for iPhone or Android. Sign up to newsletters here.
- US CREDIT OPEN-Markets sitting, waiting ahead of Yellen speech Reuters - UK Focus - Wed, Aug 24, 2016 12:56 BST
By John Balassi NEW YORK, Aug 24 - Summary of overnight events and Wednesday's main headlines: Dow Futures: +3, S&P Futures: +0.75, Nasdaq Futures: +2.75 CDX IG.26: -0.0625 tighter, CDX HY.26: +0.0625 ...
- Fed doesn't have real plan to make policy: CNBC survey respondents CNBC - Wed, Aug 24, 2016 11:52 BST
As the Fed meets in Jackson Hole to discuss how to make monetary policy, many on Wall Street are convinced there isn't any blueprint to do so.
- What political deadlock? Spain economy forges ahead AFP - Wed, Aug 24, 2016 08:25 BST
- Four reasons why Goldman is upbeat about India CNBC - Wed, Aug 24, 2016 04:52 BST
The world's fastest-growing major economy is set to accelerate in the current fiscal year, according to Goldman Sachs.
- Terror, strikes and rain: France sees 7% tourism drop AFP - Tue, Aug 23, 2016 17:28 BST
- So where exactly is our DIY recession following the Brexit vote? International Business Times - Tue, Aug 23, 2016 15:45 BST
The Treasury warned us that if we voted to leave the EU there would be an immediate short-term shock that would tip us into recession. They thought consumer and business confidence would mean spending contracted. They believed interest rates would go up, the housing market would fall sharply, and some large companies would …
- GLOBAL MARKETS-Stocks creep up amid Fed limbo, dollar dips Reuters - UK Focus - Tue, Aug 23, 2016 13:39 BST
World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S (Other OTC: UBGXF - news) . Wall Street was expected to open modestly higher, with a busy day of economic data helping traders fill the gap before an annual gathering of global …
- MPs To Question Chancellor Philip Hammond Over Help To Buy ISAs Sky News - Tue, Aug 23, 2016 10:38 BST
Philip Hammond will be asked to justify the terms of the Government's controversial Help to Buy ISAs, the chairman of the Treasury Select Committee has said. Andrew Tyrie told the Daily Telegraph the committee would be asking the Chancellor about the savings scheme in the autumn. Mr Tyrie, who is a Conservative MP, said: …
- Europe is more France than Germany right now Business Insider UK Finance - Tue, Aug 23, 2016 09:01 BST
It is preliminary PMI day in Europe, meaning we are getting the first read on growth across the European Union in August. Germany missed growth forecasts due to weaker than expected service sector growth, but still posted decent numbers overall. France and the EU as a whole topped expectations thanks to better than forecast …
- France private sector activity hits 10-month high CNBC - Tue, Aug 23, 2016 08:09 BST
French private sector output hit a 10-month high in August, new data showed on Tuesday, suggesting the U.K.'s vote to leave the European Union was yet to knock nearby economies.
- Op-Ed: Why Fed won’t hike interest rates until after the elections CNBC - Tue, Aug 23, 2016 06:06 BST
Statements by Fed officials about the timing of next policy moves are part of the holding pattern until presidential elections on November 8.
- UK government told: ‘You can borrow for free, so get spending’ CNBC - Tue, Aug 23, 2016 06:04 BST
The U.K. government is being told to increase spending on infrastructure projects to help offset any Brexit related slowdown.
- Poland forecasts greater spending, slower growth in 2017 AFP - Mon, Aug 22, 2016 16:47 BST
- Bilateral agreements can be a long and winding road International Business Times - Mon, Aug 22, 2016 16:21 BST
Canada summit in Prague, the proposed agreement to be called the Comprehensive Economic and Trade Agreement (CETA). Today, in late August 2016, CETA is all "done and dusted" but has yet to come into force. Surely a time frame of over seven years should have been enough to iron out all contentious issues, especially when …
- Brexit is officially going to turn Britain's housing market upside down next year Business Insider UK Finance - Mon, Aug 22, 2016 10:36 BST
Britain's house prices are going to fall by 1% in 2017 as Britain's economy will suffer due to the nation voting for a Brexit, according to Countrywide. A 1% drop may not seem like a big deal, but considering house prices have continually increased for the past few years, a sudden switch to a negative reading is alarming. …
- Sterling inches higher after strongest week in five Reuters - UK Focus - Mon, Aug 22, 2016 09:45 BST
Sterling inched up on Monday after registering its strongest week in five against the dollar, as a run of robust economic data suggested Britain's economy was faring better than expected following its vote to leave the European Union. The pound was boosted last week after inflation and retail sales numbers for July beat …
- MORNING BID EUROPE-Merkel seeks path through post-Brexit jungle Reuters - UK Focus - Mon, Aug 22, 2016 08:12 BST
A decade ago, after referendums in France and the Netherlands killed Europe's overly ambitious constitution, German Chancellor Angela Merkel helped forge agreement on a more modest pact, the Lisbon treaty, allowing the EU to save face and regain a semblance of forward momentum. By the end of the week she will have met …
- 'Nobody believes in anything anymore': Why Greece's economic crisis is not over CNBC - Mon, Aug 22, 2016 06:06 BST
It's easy to forget that Greece's political and economic crisis dominated headlines last summer and that the country's problems have not gone away.
- Zambia's Lungu faces battle to restore economic growth AFP - Sun, Aug 21, 2016 06:01 BST
- UK surplus lower than expected at £1bn despite corporation tax boost PA Money News - Fri, Aug 19, 2016 15:37 BST
- Sterling Drops After Public Borrowing Figures Fall Short Of Forecast International Business Times - Fri, Aug 19, 2016 14:07 BST
- INVESTMENT FOCUS-Investors see British infrastructure getting stimulus boost after Brexit Reuters - UK Focus - Fri, Aug 19, 2016 13:06 BST
UK infrastructure funds are hitting record highs on the prospect of more government spending after Britain's vote to leave the European Union, bolstered by the view that the effectiveness of ultra-loose monetary policy is reaching its limits. The Brexit vote looks likely to lead to a short-term downturn in building activity: …
- US CREDIT OPEN-Futures fall, focus turns to Fed watch Reuters - UK Focus - Fri, Aug 19, 2016 13:00 BST
By Natalie Harrison NEW YORK, Aug 19 - Summary of overnight events and Friday's main headlines: Dow Futures: -50, S&P Futures: -5.75, Nasdaq Futures: -13.25 CDX IG.26: 0.5831 wider, CDX HY.26: 0.05375 ...
- Small July surplus could limit Hammond's fiscal reset for UK Reuters - UK Focus - Fri, Aug 19, 2016 11:44 BST
Britain's public finances showed a smaller-than-expected budget surplus in the first month after the vote to leave the European Union, potentially limiting the ability of new finance minister Philip Hammond to give the economy a big boost later this year. Britain ran a budget surplus - excluding state-owned banks - of …