China reports "better than expected" economic growth
China’s economy is showing signs of stability after the nation’s government reported growth at an annual rate of 6.7 per cent in the last quarter.
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LATEST
UK employment rate at record high despite vote to leave European Union
Britain’s jobs market has continued to brush off the Brexit vote after a rise in employment in August to a joint record high.
William Hague attacks Bank of England over ultra-low interest rates
The former foreign secretary, William Hague, has been accused of attempting to undermine Bank of England governor Mark Carney after he warned that central bankers could lose their independence if they ignore public anger over low interest rates.
EU struggles to keep Canada trade deal on track
PwC sounds alarm over sluggish economic recovery
PwC has become the latest big name to raise concerns about the implications of the technological revolution on inequality, economic growth and unemployment.
UK inflation hits near two-year high of 1%
Mark Carney: Bank of England will not take policy instructions from politicians
The Bank of England will not take instructions on its policies from politicians, its governor, Mark Carney, has said, just a week after Theresa May took a swipe at the impact of the Bank’s actions on “ordinary” people. Speaking at Birmingham town hall as part of the Bank’s Future Forum event on Friday, Carney said it became difficult for the Bank when politicians commented on its policies rather than its objectives.
Government's Brexit strategy risks health of economy, MPs warn
A string of senior Conservatives warned Theresa May’s Brexit strategy is risking the health of the economy in a parliamentary debate, during which the pound dropped to its lowest ever level against a basket of currencies.
Pound drops further after Davis hints UK could leave single market
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
Federal Reserve minutes show close call on September interest rate hike
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
HOT LIST
$100 million zombie homes may signal market top
Homes listed for $100 million or more are piling up fast, but sales have ground to a halt, leading some to call a top in the very top of the real estate market.
UK set for worst wage growth since the 1920s, Labour research finds
The 10 years between 2010 and 2020 are set to be the worst decade for pay growth in almost a century, and the third worst since the 1860s, according to new research.
Why is the global economy suffering so much turbulence?
The new year kicked off with a global stock market and commodities rout over worries about the global economic outlook and China’s economy in particular.
Moody’s: Costs outweigh the benefits when it comes to Brexit
A British exit from the European union would result in prolonged uncertainty and put downward pressure on British companies’ credit ratings, Moody’s Investors Service has warned.
Consumer confidence in UK at lowest level in 15 months, survey suggests
Worries about the EU referendum in June and over a resurgence of the eurozone crisis have knocked consumer confidence in the UK to its lowest level in more than a year, according to a report.
Pound hits 31-year low after disappointing service sector data
Sterling tumbled to a 31-year low against the dollar and oil dropped below $50 a barrel as concerns deepened over the impact of Brexit on the UK economy.
George Osborne reassures Wall Street: UK won't become 'Little Britain'
George Osborne has promised American bank bosses that a post-Brexit Britain will “do everything we can to make the UK the most attractive place in the world to do business”.
Bank of Japan announces major policy overhaul in latest bid to spark inflation
Japan's central bank kept rates steady at its meeting Wednesday, but issued a plethora of fresh changes to its policy approach, marking its latest attempt to boost prices and goose economic growth.
Oil price woes deepen as Iran vows to add 500,000 barrels a day
Global oil prices will remain under pressure this week after Iran said it was ready to add half a million barrels a day to crude exports just hours after international sanctions were lifted this weekend.
US adds 161,000 new jobs as Americans head to the polls
The US economy added 161,000 jobs in October, the final jobs report before the election. The unemployment rate dipped to 4.9%.
FEATURED
US Federal Reserve raises interest rates for second time since 2008 crisis
The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three further rates increase in 2017, up from previous expectations of two rate hikes.
UK economy set for sluggish growth, warns business group
The UK economy will slow markedly next year as uncertainty about the country’s future position in Europe and higher inflation hit consumers and businesses, the British Chambers of Commerce (BCC) has predicted.
ECB surprises markets by scaling back QE programme
The European Central Bank has vowed to continue with its programme of electronic money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.
