Breaking Economic News
US economic growth cools more than forecast
US gross domestic product (GDP), the broadest measure of goods and services produced across the economy, grew at a 2. 6% annual rate in the fourth quarter, the Commerce Department said on Friday.
Russia unexpectedly cut benchmark interest rates
Russia has unexpectedly cut benchmark interest rates amid concerns over an impending recession.
Eurozone consumer prices fall more than expected by 0.6% in January
Eurozone consumer prices fell more than forecast in January as a slump in oil continued to drag. , data showed on Friday.
Russia considers giving financial help to Greece
Russia's finance minister has said that the country would consider giving aid to Greece.
Denmark's central bank again cuts deposit for the third time in two weeks
The Danish central bank has cut its deposit rate to - 0. 5% in a bid to fight building pressures on its currency peg against the flagging euro.
S&P downgrades Russia credit grade to junk level
Rating agency Standard & Poor's (S&P) lowered its long- and short-term foreign currency sovereign credit ratings on the Russian Federation to 'BB+/B' from 'BBB-/A-3'.
Alex Tsipras sworn in as Greece's prime minister, Syriza forms anti-austerity coalition
Syriza leader Alexis Tsipras has been sworn in as Greece's new prime minister after his anti-austerity party Syriza agreed to form a coalition government with the anti-Europe Independent Greeks party (ANEL).
Euro falls below $1.12 for the first time since November 2003
A day after the European Central Bank announced a plan to inject more than a trillion euros into the flagging Eurozone economy, the euro fell below $1. 13 on Friday, hitting an 11-year low.
US housing starts rise 4.4% in December, more than forecast by analysts
US housing starts rose 4. 4% to 1. 09m in December, beating forecasts for a 1. 2% increase or 1. 04m units.
BoE voted unanimously to keep interest rates and asset purchase programme unchanged
The Bank of England (BoE) voted unanimously to keep policy unchanged, according to minutes of the central bank's last meeting.
UK jobless rate falls more than expected to 5.8% from 6%
The UK unemployment rate fell to 5. 8% in the three months to November from 6% the previous period, ahead of the 5. 9% forecast.
Turkey's central bank cuts benchmark one-week repo rate to 7.75% from 8.25%
Turkey's central bank slashed its one-week repo rate by 50 basis points on Tuesday to tackle slowing inflation but left other key rates on hold.
US retail sales drops 0.9% in December, more than expected
US retail sales declined 0. 9% year-on-year in December, more than the 0. 1% drop expected by analysts.
UK inflation eases to 0.5%, well below 0.7% forecast
UK inflation dropped well below 1% growth for the first time since June 2002, dragged by falling oil prices.
BoE to keep interest rates unchanged for the 70th consecutive meeting
The Bank of England’s Monetary Policy Committee left interest rates on hold at the opening meeting of 2015.
Deadly attack on satirical French magazine Charlie Hebdo, attackers remain at large
Three gunmen remain on the run after shooting 12 people dead at the Paris office of Charlie Hebdo, a satirical magazine.
Eurozone enters deflation more than expected at -0.2%, Eurostat reveals
The Eurozone has entered deflation more than expected, Eurostat revealed in its flash estimate on Wednesday, adding to hopes of further stimulus measures by the European Central Bank (ECB).
UK service sector growth slowest in 19 months in December
The UK services sector lost momentum at the end of last year, providing policy-makers with a mixed bag of news on the health of the economy, analysts said following the release of a survey.