Economic News
Thursday preview: ECB's Draghi to spill the beans on QE
The European Central Bank 's announcement will take centre stage on Thursday as Mario Draghi and co are expected to spill the beans on their plans to turn down the tap on its bond buying scheme.
US crude stockpiles increase slightly, DoE says
US crude oil stockpiles edged higher last week but alongside large declines in product stockpiles, even as domestic US oil output and imports jumped.
Republican senators blast Trump as 'dangerous'
US President Donald Trump has come under intense criticism from senators within his own Republican party, one of which accused him of being "dangerous to democracy".
US new home sales surge to near 10-year high in October
Sales of new US single-family homes unexpectedly rose in September, to their best level since October 2007, according to official figures released on Wednesday.
US durable goods orders jump past forecasts in September
Durable goods orders in the US kept coming in thick and fast last month, albeit in part due to a jump in those for civilian aircraft.
Parliament may not vote on Brexit till after UK leaves, Davis says
Parliament may not get to vote on the terms of Brexit until after Britain has left the EU, David Davis said on Wednesday.
Business borrowing slows amid economic uncertainty
Businesses have borrowed less and saved more during the course of 2017 amid uncertainty about prospects for the economy, industry figures show.
Xi consolidates power in China as no successor emerges
Chinese president Xi Jinping has paved the way for an extended time in charge of the country after no heir apparent was named as part of the new Politburo standing committee confirmed at the Communist Party conference.
GDP grows more than expected to give green light for BoE rate hike
The UK economy grew slightly more than expected in the last quarter, official estimates revealed on Wednesday, paving the way for the first Bank of England interest rate hike in over a decade.
German Ifo hits record high in October
German business confidence unexpectedly improved in October, according to a widely-followed survey released on Wednesday.