Breaking Economic News
Russia begins airstrikes in Syria hours after approving use of military forces
Russia has launched airstrikes in Syria just hours after receiving parliamentary approval to use military forces against Islamic State (ISIL) extremists, a US defence official has revealed.
Eurozone consumer price index falls 0.1% in September
The Eurozone's annual consumer price index fell 0. 1% in September compared to a 0. 1% increase in August, Eurostat's flash estimate revealed on Wednesday.
US consumer confidence beats expectations in September
US consumer confidence rose unexpectedly in September, figures released on Tuesday showed.
German inflation slows more than expected in September
German inflation fell to zero growth in the year to September from a 0. 2% increase in August, the Federal Statistics Office revealed on Tuesday.
Reserve Bank of India cuts rates by 50 basis points to 6.75%
The Reserve Bank of India on Tuesday slashed its main policy rate by a greater than expected 50 basis points to 6. 75%.
US GDP bounces back more than expected in the second quarter
The American economy bounced back more strongly than had been thought to be the case in the three months to June after a weak start to the year.
US Federal Reserve keeps interest rates unchanged
The US Federal Reserve kept interest rates unchanged following its two-day policy meeting on Thursday, as it lowered its estimate of the economy's potential rate of growth and said it was monitoring "developments abroad".
Rate rise in October remains a possibility, Fed's Yellen says
“As I have said, every meeting is a ‘live’ meeting,” US Fed chair Janet Yellen said in response to a question from a journalist at the press conference following the FOMC’s decision.
OECD cuts 2015 global growth forecast on emerging market outlook
Forecasts for global growth this year have been trimmed by the Organisation for Economic Co-operation and Development (OECD) due to the further worsening of the outlook for many emerging market economies.
UK unemployment unexpectedly fell in July
Unemployment in the UK was lower than expected for the three months ending in July, amid stronger wage growth.
US retail sales rise 0.2% in August, missing 0.3% forecast
US retail sales rose less than expected, data showed on Tuesday, as the Federal Reserve looks for signs of economic improvement ahead of its interest rate decision this week.
UK CPI falls flat in August as expected
Consumer prices in the UK were flat in August versus a year ago, amid a retreat in the price of oil and a washed out summer keeping shoppers away from the high street.
UK house price growth slows, ONS says
Official government data showed UK house price growth slowing slightly, with a 5. 2% increase in the year to July 2015, down from 5. 7% the month before.
Malcolm Turnbull ousts Tony Abbott to become new Australian prime minister
Malcolm Turnbull will become the new prime minister of Australia after ousting Tony Abbott as leader of the ruling Liberal party, which is in coalition with the National party.
Oil cartel cuts 2016 non-OPEC oil supply estimate
The world will be slightly more dependent on the Organisation for Petroleum Exporting Countries for its supplies of crude oil next year, the cartel of producer countries said on Monday.
Uni Michigan Index slides below expectations in September
US consumer confidence declined sharply in September, figures released on Friday showed.
BoE may need to tighten sooner, MPC's Forbes says
Monetary policy in the UK may need to be tightened sooner than some of the older economic forecasting models suggest, one of the Bank of England’s rate-setters believes.
China mulling 1.5trn yuan stimulus package
Chinese authorities are considering funnelling up to 1. 5trn yuan ($16bn) into the economy in a bid to prop up growth.
Chinese credit growth picks up in August, analysts say
The flow of credit in the People’s Republic of China accelerated in August, the latest figures published by Beijing revealed according to analysts.
Bank of England keeps policy unchanged
The Monetary Policy Committee kept Bank Rate unchanged at 0. 50% and the size of its asset purchase facility at £375bn, both as expected by analysts.