Breaking Economic News
US special forces to be deployed in Syria
US special forces will be deployed in Syria to assist anti-government rebels in the fight against Islamic State militants.
The US economy slows slightly more than expected in the third quarter
Headline economic growth Stateside slowed down by slightly more than was expected in the third quarter of 2015, drawing mixed reviews from economists.
US unemployment claims rise less than expected
The number of first time unemployment benefits claimants in the US rose less than expected last week , figures released on Thursday showed.
Fed keeps interest rates unchanged as expected
The Federal Reserve decided on Wednesday to keep interest rates unchanged at 0. 25%, as most analysts' expected, and left the door open to an increase in December.
US consumer confidence declines unexpectedly in October
US consumer were less confident than expected in October, data released on Tuesday showed.
US durable goods decline for second consecutive month
Orders for US durable goods fell slightly less than expected last month, figures released on Tuesday showed.
UK GDP slows more than expected in third quarter
UK economic growth slowed more than expected in the third quarter, reflecting weakness in manufacturing and construction industries, the Office for National Statistics revealed on Tuesday.
People's Bank of China adviser hints at further easing
A People's Bank of China adviser has highlighted the "room for further easing in monetary policy", according to reports late on Monday.
German IFO index retreats less than expected in September
The Volkswagen scandal barely left a scratch on German businesses’ confidence in October, a survey from a leading think-tank revealed.
IMF said to hint at blessing for China reserve currency status
Representatives from the International Monetary Fund have told China that its currency, the yuan, is likely to join the fund's basket of reserve currencies soon, according to Chinese officials with knowledge of the matter, Bloomberg reported.
China cuts benchmark interest rates
The People's Bank of China will cut its one-year deposit rate and one-year lending rate by 25 basis points each to 1. 5% and 4. 35%, respectively, as it looks to bolster the slowing economy.
ECB will re-examine QE in December, Draghi says
The European Central Bank will re-examine its asset-purchase programme in December, President Mario Draghi said on Thursday.
ECB keeps key rates unchanged, as expected
The European Central Bank on Thursday decided to keep its keys rates, as expected by analysts.
RWC boosts September UK retail sales
UK retail sales were up 6. 5% year-on-year in September, well above analysts’ expectations and boosted by promotions around the Rugby World Cup.
Uni Michigan confidence index beats expectations in October
The University of Michigan's consumer sentiment index beat expectations in October, data released on Friday showed.
US CPI comes in above forecasts in September
The US Consumer Price Index fell for a second month in a row in September but was nevertheless stronger than expected when compared with year-ago levels.
US wholesale prices decline more than expected in September
US producer price index (PPI) declined more than expected in September, data released on Wednesday showed.
US retail sales miss forecast in September
US retail sales rose less than expected last month, figures released on Wednesday showed.
Eurozone industrial production slows down as expected in September
Industrial production in the Eurozone slowed down in September, data released on Wednesday showed.
UK unemployment rate falls to lower level since mid-2008
The UK’s unemployment rate fell unexpectedly in August to reach its lowest level since mid-2008, data released on Wednesday showed.