Crude oil prices will remain in the $45-$50-a-barrel range till mid-2017, with little to change the global supply and demand situation, Goldman Sachs said.
The Federal Reserve decided to hold steady and not raise US interest rates for at least another two months at its latest meeting, arguing that near-term risks to the US economy have diminished.
After years of sitting on its hands, the Bank of England will swing back into action next month with measures to nurse the economy through the post-Brexit period.
The Bank of England and the Treasury are under increasing pressure to prevent Britain from sliding into recession after a wide-ranging health check of the economy completed since the referendum showed the sharpest downturn in activity since the peak of the financial crisis seven years ago.
Evidence that the UK economy has so far withstood the shock of Brexit has been provided by a Bank of England report that shows no general slowing in activity since the referendum.
Sterling rose and the City’s leading share index closed at its highest level for 11 months after a Bank of England policymaker said a lack of panic since Britain’s shock Brexit vote called into question the need for a knee-jerk cut in interest rates.
The average asking price of homes coming on to the market in England and Wales has fallen since mid June, according to property website Rightmove, with the Brexit vote exaggerating the usual summer slowdown.
World finance leaders pledged to use more resources to try to bolster economic gains amid slow growth and a rising backlash against globalization.
The US has been accused of “behaving like a tax haven”, in an escalating war of words between Washington and Brussels over the European commission’s anti-trust cases against Apple, Amazon and Starbucks.
The Bank of England’s interest rate cut to 0.25% in August should be enough to prevent the economy from slipping into a recession, according to the most hawkish member of the central bank’s interest rate-setting committee.
Britain’s manufacturers insisted they have a crucial role to play in a post-Brexit world, contributing $247bn (£190bn) a year to the economy and creating well-paid, high-value jobs.
The outlook for the UK economy is looking increasingly rosy, new data released on Friday showed, with rising consumer and business confidence and house price gains adding to hopes that the recovery is taking hold.
Having money from economic growth flow to poor people rather than the rich feeds into a lift in the rate of economic growth and lower unemployment. Conversely, as income inequality increases, the potential for economic growth is constrained.
Last week should have been a good one for George Osborne.
The Chinese believe the Lunar New Year is about ushering in luck and fortune, and this year may be particularly prosperous for the country's wealthiest, according to research firm WealthX.
The French economy minister, Emmanuel Macron, has warned that if the UK leaves the EU, it risks isolating itself as a tiny trading post on the edge of Europe, akin to the Channel island Guernsey.
Mark Carney could announce a decision about his future as governor of the Bank of England as soon as Thursday, amid a barrage of criticism from Eurosceptic MPs about his approach to Brexit. It is understood that the governor is considering making an announcement on Thursday at a press conference for the Bank’s third-quarter inflation report, given the speculation about his future.
As we near Halloween night, there is a growing sense of foreboding about the economy’s prospects next year, even among Brexiters. The one word that is having a chilling effect – stagflation – is best known from its 1970s incarnation, when it wrought havoc throughout the land.
Britain’s economy performed far better than expected in after the Brexit vote, with GDP growth falling to 0.5% from 0.7% in the previous quarter.