Breaking News
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.
Shanghai stocks bounce back, some economists see recovery
Chinese shares moved higher in the last hour of trading on Wednesday to finish the day firmly higher, led by a bounce in technology issues, although trading volumes remained very low.
GW Pharma surges on positive results from schizophrenia drug trial
Shares in GW Pharmaceuticals surged after the company announced positive top-line results from an exploratory Phase 2a placebo-controlled clinical trial of Cannabidiol (CBD) for the treatment of schizophrenia.
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.
BMW cancels presser after chief collapses on stage
BMW suspended a press conference at the Frankfurt International Motor Show following the collapse on stage of its chief, Harald Krueger, Bloomberg reported.
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.
AnaCap Funds places Aldermore shares at 286p
Two sellers, including AnaCap funds are said to have sold 50. 9m shares in Aldermore via Deutsche Bank and RBC at 286p, according to traders.
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.
UK trade balance widens in July
Britain’s total trade balance widened in July, figures released on Wednesday showed.
Chinese US dollar reserves lower in August
The People's Republic of China's foreign exchange reserves dropped last month as the country moved to weaken its currency by selling US dollars.
Standard Chartered plans to cut 250 managing directors, reports say
Standard Chartered is reportedly considering cutting its senior banking staff by a quarter, as it seeks to rebound from a two-year profit slide.
ECB members did not push for more QE, says Draghi
European Central Bank President Mario Draghi on Thursday said further quantitative easing was not discussed at the latest policy meeting as estimates for economic growth and inflation were lowered.
Challenges in emerging markets unlikely to be quickly reversed, says Draghi
European Central Bank president Mario Draghi on Thursday said the difficulties faced by emerging markets are unlikely to ease any time soon amid a slowdown in China.