The US trade deficit jumped to its highest level in almost six and a half years in March, suggesting the economy overall shrank in the first quarter of 2015.
Before the Liberal Democrat leadership is tempted to join in another coalition with the Conservatives, it should consider fully the risks attendant in agreeing to a referendum on EU membership in 2017.
Japan's inflation ticked higher in March, coming in slightly above expectations, offering a small sign of progress in the Bank of Japan's (BOJ) two-year-long effort to kick start the long-moribund economy.
Perhaps it was the warmer winter that spurred economic activity in the eurozone, or maybe confidence was boosted by a financial firewall being erected around Greece to protect against a messy default.
Russia's central bank dramatically cut interest rates by 150 basis points to 12.5 percent Thursday, and signaled that it is likely to cut rates further soon.
“Transitory factors” are to blame for the recent slowdown on the US economy, the Federal Reserve said on Wednesday.
The chances of an early increase in US interest rates are fading fast after news that the world’s biggest economy came to a virtual standstill in the first three months of 2015.
Plans by the Conservatives and Labour for a fresh round of deficit reduction after the general election are being strongly attacked by one of the world’s leading economists who warns that renewed austerity will hold back a still-incomplete recovery.
The standoff between Greece and its creditors has spawned another bit of rivalry: the battle among analysts to coin the latest buzzword for the painfully protracted drama.
The pound swung wildly on currency markets on Monday, reaching extremes of volatility not seen since the financial crisis, as City traders reacted to polls suggesting voters were increasingly likely to send Britain out of the EU this month.
Hikes to US interest rates might be on hold again thanks to “considerable uncertainty about the economic outlook” Janet Yellen suggested in a speech on Monday.
Orders among UK firms have fallen to their lowest level for almost three years as growing worries over this month’s EU referendum hit the British economy.