Breaking Economic News
UK third quarter GDP in line with expectations
The UK economy grew in line with expectations in the third quarter, data released on Friday showed.
US durable goods orders rises more than forecast in October
US durable good orders rose more than analysts' expected in October, the Commerce Department revealed.
Turkey says Russian fighter was warned 10 times
The North Atlantic Treaty Organisation has called an extraordinary meeting after a Russian SU 24 warplane was shot down over Turkey on Tuesday, AFP reports.
US GDP third quarter estimate revised higher to 2.1% as expected
US economic growth was revised higher in the third quarter in line with analysts' expectations, the Commerce Department revealed on Tuesday.
Putin says Turkey shooting down Russian jet near Syria a 'stab in the back'
Russian President Vladimir Putin has said Turkey shooting down a Russian fighter jet on Tuesday is a "stab in the back", RT reported.
Interest rates could go down, not up, says BoE's chief economist
The Bank of England’s chief economist Andy Haldane has warned that monetary policy may need to be eased rather than tightened in the short term.
"No more hostages" in Mali hotel siege
Officials in Mali, where gunmen had a hotel under siege earlier on Friday, have said there are now "no more hostages" involved at the scene.
ECB not short of instruments to meet mandate, says Draghi
European Central Bank president Mario Drgahi has told his audience at the 25th Frankfurt European Banking Congress that the monetary authority "is not short of instruments to meet its mandate. " .
US Federal Reserve has not painted itself into a corner, Mester says
The Federal Open Market Committee is not boxed into hiking rates at its 15-16 December policy meeting, a top Fed official said.
UK retail sales decline more than expected in October
The underlying volume of UK retail sales declined more than expected in October in figures released on Thursday showed.
Putin attributes crash of Metrojet flight 9268 over Sinai to terrorism
Russian president Vladimir Putin officially attributed on Tuesday the downing of a Russian commercial airliner over the Sinai peninsula to a terrorist attack and committed his country to stepping up strikes on the groups involved.
UK CPI remains in negative territory in October
The UK consumer price index (CPI) remained into negative territory for the second consecutive month in October, figures released on Tuesday showed.
Fed's Mester says economy can handle rate hikes
US job growth will slow, but that is not an obstacle to stronger economic activity.
Eurozone GDP misses forecast in third quarter
The Eurozone economy expanded less than expected in the third quarter with spending by households propping up activity as exports slowed and – surprisingly, according to Barclays – investment in Germany fell.
Uni Michigan index beats expectations in November
The University of Michigan's consumer sentiment index beat expectations in November, data released on Friday showed.
US retail sales miss expectations in October
US retail sales rose by less than expected in October, figures released on Friday showed.
China doubles deposit requirements for margin trading
The Shanghai and Shenzhen stock exchanges have doubled the minimum requirement for margin trading to 100%.
IEA says global oil stocks at record high, may weigh on oil prices
Global oil inventories hit a record near-3bn barrels at the end of September, the industrialised world’s energy watch-dog said on Friday.
Chinese bank lending data for October leaves analysts divided
The latest data on credit and lending patterns in China released on Thursday showed the country’s banks remained unwilling to lend, leaving economists divided as to how effective the central bank’s monetary easing had been.
UK unemployment rate falls more than expected but wage growth slows
Unemployment in the UK fell more than expected in the third quarter, figures released on Wednesday showed, though wage growth also weakened, leading many economists to the conclusion that a near-term rise in Bank Rate was still uncalled for.