Breaking News
US consumer sentiment falls to a final July reading of 93.1 from 96.1
Consumer sentiment fell to a final July reading of 93. 1 from the previous month reading of 96. 1, according to reports on the University of Michigan gauge released Friday.
Eurozone core inflation holds steady in July
Consumer prices in the Eurozone edged slightly higher in July, data released on Friday showed.
IMF will not be able to approve third Greek bailout
Greece may find it more difficult to secure a third bailout after International Monetary Fund officials argued that the country would not be eligible for further loans, according to a leaked account of an IMF board meeting.
US GDP undershoots in second quarter but revisions compensate
Economic activity in the US climbed in the second quarter of the year to a reach an annualised pace of 2. 3%.
US pending home sales fall in June
US pending home sales fell unexpectedly in June, data released on Wednesday showed.
Greece may call early election, admits Tsipras
Greek prime minister Alexis Tsipras has admitted that the country may have to call an early election due to rebels within his Syriza party.
Athens Stock Exchange to re-open on Thursday, reports claim
The European Central Bank accepted a Greek proposal for the Athens Stock Exchange to reopen, according to a spokeswoman for the bourse cited by Bloomberg.
RSA denies bid talks after Zurich Insurance says it's mulling takeover
Following an announcement earlier on Tuesday from Zurich Insurance that it was evaluating a potential offer for RSA Insurance, the London-listed company said it has not held talks with or received a proposal from Zurich.
Athens Stock Exchange set to open on Tuesday
Trading on the Athens Stock Exchange is set to restart on Tuesday, according to various reports including ekathimerini.
Sharp drop in Shanghai stocks as industrial profits slip in June
Chinese stocks were registering another large drop at the start of the week although no immediate triggers for the selling were readily apparent.
Pearson in talks to sell stake in Economist Group
Pearson has been in discussions to sell its stake in the Economist Group, the publisher of the iconic The Economist magazine.
US Fed may not raise rates in September, leaked documents show
The US Federal Reserve may only raise the Fed funds rate, its main policy instrument, once this year, in the fourth quarter.
US new home sales drop to slowest pace in seven months in June
Sales of new single-family homes in the US fell to their slowest pace in seven months in June, figures released on Friday showed.
Eurozone manufacturing PMI declines slightly in July
The pace of economic growth in the Eurozone slowed slightly in July, data released on Friday showed.
Copper and aluminium drop to six-year lows
Weak Chinese manufacturing sector data out overnight was dragging the prices of some industrial metals to six-year lows in early trading on Friday.
Chinese manufacturing sector shrank more than expected in July
A widely followed leading indicator for the Chinese economy surprised sharply to the downside, suggesting risks for the economy still existed.
BoE's McCafferty says MPC should not fear pound strength
The Monetary Policy Committee’s “clear cut” 8 July decision not to raise Bank Rate was adopted just when the uncertainty around events in Greece was at its height, but since then confidence in the euro area had improved, Ian Mc Cafferty told Market News International in an exclusive interview.
US leading economic indicators beat forecasts in June
The US economy was expected to continue to power ahead on the basis of recent trends for interest rate spreads and credit conditions, according to the results of a widely followed barometer for economic activity.
Pearson confirms talks to sell FT, Axel Springer 'in advanced talks'
Pearson confirmed it is in advanced talks to sell the FT Group, the division that publishes the Financial Times newspaper and several other business titles, although it warned there was no certainty that a transaction will finally take place.
UK retail sales fall in June, ONS says
UK retail sales fell 0. 2% in June compared to month before, data from the Office for National Statistics (ONS) showed, some way off the 0. 4% gain that had been expected.