Breaking Economic News
China cuts bank reserve requirement ratio
The People's Bank of China has cut its required reserve ratio by 50 basis points, in a move to pump liquidity into its stuttering economy.
Now is the worst possible time to take a gamble on Brexit, Osborne says
Brexit could deliver a "profound economic shock" the chancellor told the BBC´s political editor Laura Kuenssberg.
UK factory activity stabilises in February, CBI says
Factory activity "stabilised somewhat" last month, according to one of the country's best-known business lobby groups, although a gauge of manufacturers´ order books worsened slightly.
UK retail sales rise more than forecast in January, ONS reveals
UK retail sales surged past expectations in January as consumers stocked up on furniture and electrical goods, data from the Office for National Statistics revealed on Friday.
Iran says Doha agreement is a positive first step, oil futures rise
Iran's Petroleum minister, Bijan Zangeneh, welcomed the agreement reached on the previous day by Russia, Saudi Arabia and two other members of the Organisation of Petroleum Exporting Countries in Doha, Qatar to freeze their output of crude oil at January's level, but refused to say whether the Central Asian country would do the same, according to Javier Blas, an energy correspondent at Bloomberg.
Iran may be offered special terms to freeze oil output
Iran may be offered 'special' consideration under the terms of the agreement reached earlier in the day by a group of key oil producing countries to freeze their output at current levels, according to an unconfirmed report citing Reuters.
Qatar says tentative agreement reached on freezing oil output
The energy ministers of Russia, Saudi Arabia and Venezuela reached an agreement on Tuesday to keep oil output at current levels, contingent on obtaining the agreement of other major producers, Qatar's energy minister said, according to a report citing Reuters.
UK CPI declines more than expected in January
The cost of living in the UK decreased sharply at the start of the year, weighed down by declines in the prices for clothing and footwear and those for furniture and household equipment.
Russian and Saudi oil ministers to meet in Doha
The energy ministers of Russia and Saudi Arabia were set to meet on Tuesday in Doha, Qatar to discuss the situation in oil markets, Bloomberg reported citing a person familiar with the talks.
BoJ intervenes for second time to weaken yen
The Bank of Japan reportedly intervened for a second time this week on Thursday afternoon in a bid to weaken its currency.
Sweden cuts interest rates by more than expected, Gilts jump
Sweden's central bank trimmed its main policy interest rate on Thursday by more than had been expected, brushing aside worries of a housing market bubble and strong domestic demand in the economy.
Weekend tube strike called off as station staffing dispute resolved
This weekend's tube strike has been called off by the Rail, Maritime and Transport (RMT) union.
US nonfarm payrolls rise less than expected in January
US nonfarm payrolls rose less than expected in January, according to data from the Labor Department.
BoE votes unanimously to keep interest rates unchanged
The Bank of England voted unanimously to keep interest rates unchanged on Thursday amid low inflation and weak global growth.
Morgan Stanley now sees crude oil prices falling throughout 2016
Oil prices would continue falling throughout 2016 instead of rising, according to new research from Morgan Stanley, possibly confounding the likes of the European Commission who on the same day predicted a recovery beginning in the back half of the same year.
Mixed trends in Chinese manufacturing sector in January, PMIs show
Manufacturing data released overnight in China provided mix readings on the state of the sector at the start of the year.