Breaking Economic News
Euro-area consumer prices at zero growth in April as expected
Euro-area consumer prices registered zero growth in April compared to a year ago, as expected by analysts, according to an initial estimate from Eurostat.
Federal Reserve remains open to interest rate hike in June
The Federal Reserve said it anticipates a rebound in the US economy after the sluggish winter months, remaining open to the possibility of an interest-rate increase as early as June.
Thai central bank surprises with interest rate cut
Thailand’s monetary authority has unexpectedly lowered its benchmark policy rate by 25 basis points to 1. 5%.
McCanns succeed in case against ex-police chief Goncalo Amaral
Kate and Gerry McCann, whose daughter Madeleine went missing in Portugal in 2007, have won their case against ex-police chief, Goncalo Amaral.
UK GDP slows far more than expected in the first quarter
Economic activity in Britain slowed far more than economists had been anticipating at the start of the year, according to a preliminary estimate from the Office for National Statistics (ONS).
Chinese central bank set to ease monetary policy further, copper rises
According to a report from the The Wall Street Journal, citing officials, the Chinese central bank is set to launch further monetary policy easing measures in a bid to ease debt restructurings.
Holborn building collapses, hundreds evacuated
A six-storey building in central London collapsed on Monday evening, driving around 200 people from the building sites and surrounding properties to evacuation points.
UK unemployment falls 5.6% to 1.84m between December & February, ONS says
Unemployment in Britain fell 5. 6% to 1. 84m between December and February, figures released on Friday showed.
Spanish customs officials search house of ex-IMF head Rato
On Thursday Spanish customs officials searched ex-International Monetary Fund Managing (IMF) Director Rodrigo Rato's house in Madrid, after tax inspectors uncovered irregularities in his tax filings.
Standard&Poor's downgrades Greece's sovereign debt rating
On Wednesday evening ratings agency Standard&Poor's (S&P) downgraded its long-term rating on Greece.
Protester steals the show as ECB keeps main policy rates unchanged
A protester stole the limelight at the European Central Bank's press conference on Wednesday after announcing no surprises in policy measures.
IMF cuts estimates for US growth, global forecast maintained
The International Monetary Fund has reduced its forecast US economic growth this year to 3. 1% from 3. 6% previously.
US Treasuries gain despite solid retail sales report
Retail sales Stateside recovered from the weakness over the previous three months, led by a strong recovery in automobile sales.
NIESR says GDP to slow in blow to the coalition
The UK’s gross domestic product (GDP) grew at 0. 6% quarter–on-quarter pace in the first quarter of 2015, according to a prestigious think-tank.
US jobless claims rise 14k, but monthly average hits 15-year low
Claims for unemployment benefits in the States rose by 14,000 last week, though the monthly moving average fell to its lowest level since 2000.
Bank of England keeps rates unchanged
The Bank of England has maintained Bank Rate at 0. 5%, as expected.
UK trade deficit jumps in March, ONS says
The UK’s trade with the rest of the world worsened in February by the most since January 2014.
AIM explorers hail 'significant' oil discovery in Horse Hill, Southern England
Small cap oil exploration firm UK Oil & Gas Investments (UKOG) has made a ‘significant’ oil discovery in the South of England, said to be the largest onshore find in the country for 30 years.
Treasury yields edge higher after release of Fed minutes
When they met last month there were considerable divisions among policy-makers at the US Federal Reserve as regards the timing of the first increase in interest rates, records of the meeting showed on Wednesday.
Lifting sanctions on Iran could lower crude price by $10 per barrel, EIA says
Should the current oil sanctions on the Islamic Republic of Iran be lifted then world crude oil prices could be pushed between 5 and 15 dollars lower than would otherwise be the case, a US government agency said.