Breaking Economic News
Brent slides as Iraq follows Saudi Arabia and Iran, lowers crude prices
The price of oil was losing further ground first thing Monday morning after Iraq said that it too was lowering the price at which it sells its oil to Asia. That follows similar moves from Saudi Arabia and Iran at the end of last week which pressured oil futures lower, as the cartel's members vie for market share. Iraq set its November Basrah Light crude at $3. 15 below the average of Oman and Dubai prices for those purchasing its oil in Asia. That marks the largest discount since January 2009.
Chinese exports and imports surprise to the upside in August
China's foreign trade surplus with the rest of the world receded in August to $31bn, according to statistics released overnight by the country's Customs Administration, as both exports and imports grew more quickly than expected.
US CDC says Texas infection result of mistake in protocol
Texas healthcare worker diagnosed with Ebola after preliminary test
One of the health-care workers who helped treat the first patient to be diagnosed with Ebola in the US tested positive for the tropical virus, the state of Texas health department announced.
France confirmed at AA by S&P, but outlook is changed from stable to negative.
ECB’s Nowotny says the ECB does not have an exchange rate target and QE is not being discussed
S&P downgrades Finland's long-term sovereign debt rating to AA+ from AAA
Ratings agency Standard&Poor's (S&P) has downgraded Finland's long-term sovereign debt rating by one notch to AA+.
Risks to outlook 'remain on the downside', says ECB's Draghi
The growth momentum in the Eurozone has weakened, though the economic recovery is expected to resume "while remaining modest", according to European Central Bank president Mario Draghi.
Gatwick says it has not heard anything about Ebola screening - BBC
A spokesman for Gatwick had told BBC that "we've not had anything at all. We're still waiting for Public Health England (to let us know). " .
UK trade deficit narrows in August
The UK trade deficit narrowed in August, driven by a 4. 7% fall in imports, the Office for National Statistics (ONS) revealed on Friday.
UK will introduce enhanced Ebola screening for arrivals from affected countries - BBC
Downing Street says that passengers arriving at Gatwick, Heathrow and on Eurostar from countries affected by Ebola - Liberia, Sierra Leone or Guinea - will face "enhanced screening", the BBC reports.
ECB's Draghi not so sure good times ahead without reforms
Central bankers’ trips around the globe sometimes seems the best hint that something is afoot.
Aversion to Ebola already affecting global economies - World Bank
Risk aversion related to Ebola is already affecting the behaviour of economic agents, impacting economies around the world.
Weekly jobless claims fall 1k to 287k, below consensus of 295k
US jobless claims fell by 1,000 to 287,000 in the week to 4 October, according to the Labor Department.
MPC keeps interest rate and size of APF unchanged
At today's policy meeting the Monetary Policy Committee decided to maintain Bank Rate unchanged at 0. 5%, as expected.
German exports contract sharply in August
Sales of German goods overseas dropped by 5. 8% in August in seasonally adjusted terms, according to the Federal Statistics Office.
Ebola latest: Madrid nurse's dog put to death
2306: Six people admitted to Carlos III hospital in Madrid for possible Ebola contagion .
Fed minutes: Officials more concerned about weak overseas growth - Reports
Tesco shares bounce back on positive HSBC note
Shares of Tesco are leading gains on the back of a positive research note out from HSBC.