Breaking Economic News
US Fed should wait until 2016 to raise rates, IMF says
The US Federal Reserve should wait until next year to raise interest rates the world’s financial watch-dog said.
Greek proposal could be submitted on Wednesday
A senior Eurozone official has said that Greece would "maybe" submit a new proposal to its international creditors on Wednesday, after the country's leaders turned up at an emergency meeting in Brussels empty handed on Tuesday.
Greek officials arrive at euro summit without fresh proposals
Greek officials have reportedly arrived at Tuesday's emergency summit in Brussels without a new bailout proposal.
UK GDP second quarter growth keep BoE on track for rate hike
The UK economy continued to gently accelerate in the second quarter, eating further into existing spare capacity and thus keeping expectations for interest hikes on track, a leading think-tank said.
Greek finance minister Yanis Varoufakis steps down despite 'no' vote
Greek finance minister Yanis Varoufakis on Monday morning surprised many with the decision to resign despite the public voting ‘no’ to creditors’ bailout measures.
Early results in Greferendum show clear lead for 'no', euro drops
Early results from Sunday´s referendum in Greece over whether to accept international creditors´ demands for reaching an agreement on the terms of a bail-out showed the 'no' camp clearly in the lead.
Greek debt load may be unsustainable, IMF says
The policies carried out by Greek authorities since late 2014 have turned Greece´s debt load unsustainable and should the reforms asked of Athens be softened further then the country will require some of its debt to be forgiven, the world´s financial watchdog said.
US non-farm payrolls rose by 223,000 in June
Improvement in the US labour market was considerably more restrained in June than analysts had been expecting.
Varoufakis will tender resignation if Greeks vote yes
Greek finance minister has promised to tender his resignation should Greeks vote 'yes' in the upcoming 5 July referendum.
Riksbank cuts interest rates by surprise to curb strength in Krona
On Thursday Sweden´s central bank became the latest monetary authority to act in a bid to curb excessive strength in its currency and said it was ready to go further.
US jobs growth accelerates in June, ADP says
The US jobs market continued to be in good health last month, according to the results of a widely followed survey.
UK manufacturing growth slows to 26-month low
Growth in British manufacturing activity unexpectedly slowed to its lowest level in 26 months in June, data from Markit and the CIPS showed on Wednesday.