Breaking Economic News
Uni Michigan confidence falls below expectations in August
The University of Michigan confidence indicator declined unexpectedly in August, figures released on Friday showed.
UK GDP meets expectations in second quarter
The UK economy grew in line with expectations in the second quarter, figures released on Friday showed.
Ukraine and main creditors agree 20% debt writedown
Ukraine and its main creditors have reached a deal that will see 20% of the country's debit written down.
Case for September rate hike less compelling, Fed´s Dudley says
Instability in global capital markets made the case for a September interest rate hike by the US central bank "less compelling" a Fed official said on Wednesday afternoon.
UK retail sales volumes continue to grow at brisk pace in August
UK retail sales volumes continued to grow at a brisk pace in August with further strength envisioned in September, according to the results of a widely followed survey.
People's Bank of China set to inject 140bn yuan into the economy
The People's Bank of China is expected to inject 140bn yuan (£13. 9bn) in the country's economy, in a bid to generate momentum in what a market that has progressively slowed down over the last few months.
China cuts interest rates for fifth time since November
The People's Bank of China has cut interest rates for the fifth time since November in a bid to boost its slowing economy.
US consumer confidence beats expectations in August
US consumer confidence jumped from 90. 9 to 101. 5 in August, well ahead of expectations for a 93. 4 reading.
US open: Dow plunges over 1,000 points at opening bell as global selloff intensifies
US stocks plunged early on Monday, on the back of a major selloff that saw Chinese stocks plunge to their lowest level since 2007.
Greek PM Tsipras resigns and calls snap elections
Greek Prime Minister Alexis Tsipras resigned after the close of markets on Thursday and called for immediate elections to take place on 20 September, just when a semblance of stability seemed to be spreading over the Hellenic nation.
Alexis Tsipras set to resign and call September snap election
The Greek Prime Minister, Alexis Tsipras, will resign later on Thursday, paving the way for election next month.
US weekly jobless claims unexpectedly rise
Jobless claims in the US unexpectedly rose to 277,000 in the week to 15 August from 273,000 the previous week, the Labor Department revealed on Thursday.
Philly Fed index rises to 8.3 in August from 5.7 in July
The Philadelphia Federal Reserve index, a closely-watched indicator of business conditions, rose from 5. 7 in July to 8. 3 in August.
South Korea evacuates residents from border area after exchange of fire with North Korea
South Korea has ordered the evacuation of residents in the border area following an exchange of fire with North Korea, according to reports.
UK retail sales volumes rise as expected
The underlying volume of UK retail sales in July rose 0. 4% on the preceding month, as predicted, which was an improvement on the previous month's revised 0. 3% rise, although total sales including from petrol stations fell short of expectations.
US CPI inflation falls short of forecast for July
The rate of US inflation decreased in July, with both the headline and core consumer prices index (CPI) increasing 0. 1% month-on-month, short of consensus forecasts for a 0. 2% rise.
Explosions and gunfire reported at Istanbul's Dolmabahce Palace
An explosion near Istanbul's Dolmabahce Palace on Wednesday afternoon was followed by gunfire, according to local reports.
German parliament votes in favour of third bailout package for Greece
Germany's parliament has voted in favour of a third bailout for Greece, removing the last major obstacle to European Union approval of the €86bn package.
UK CPI inflation edges above expectations in July
Britain’s consumer price index (CPI) beat expectations in July, figures released on Tuesday showed, with rising core inflation figures also surprising economists.
Huge explosion rocks central Bangkok, reports of casualties
A huge explosion has rocked Thailand's capital shortly after 1300 BST on Monday and there are reports of casualties.