Economic News
Trump plumps for Jerome Powell as new Fed Chair - report
Federal Reserve governor Jerome Powell has been chosen by President Donald Trump as the US central bank's next chairman, according to reports on Wednesday.
Fed keeps policy steady, watching inflation closely
Rate-setters in the US decided unanimously to keep monetary policy at its current "accommodative" settings, while indicating that they continued to monitor price developments "closely".
Link ATMs move to reduce level of fees paid by card issuers at machines across UK
The UK's cash machine network Link has revealed plans on Wednesday to reduce the fees paid by card issuers to ATM operators, as consumers’ demand for cash payments falls.
Thursday preview: BoE, Shell, BT, Yellen successor
Thursday is widely expected to see the first interest rate hike by the Bank of England for over a decade, while updates are due from Shell, BT and Morrisons and Donald Trump will reveal his tax bill and Fed Chair Janet Yellen's successor.
US construction sector spending holds up in September
Construction sector spending rose past forecasts in September, buoyed by stronger outlays by the public sector.
ISM manufacturing index eases back from September's 13-year high
Growth in the US economy's manufacturing sector eased back a little more than expected in October, according to data from the US Institute for Supply Management.
US factory sector activity accelerates to fastest pace in 2017, IHS Markit says
Factory sector activity in the States picked-up to reach its fastest clip since the beginning of 2016, amid brisk growth in new export orders, stronger job growth and increased price pressures, the results of a widely-followed survey revealed.
What will a Bank of England interest rate rise mean for borrowers and investors?
Unless Bank of England rate-setters have a last-minute change of heart, interest rates will rise on 2 November for the first time in more than a decade.
Moody's reiterates 'junk' rating on Catalan debt, highlights still very high debt levels
Moody's, one of the world's largest ratings agencies, reaffirmed its current 'junk' rating for debt issued by the Spanish region of Catalonia, emphasising the "rapidly deteriorating" economic environment and "fundamentally weak" finances and already "very high" debt burden.
Irish unemployment continues sharp downward trend in October
Joblessness in Ireland fell again last month, continuing the steady yet sharp downward trend which has been in place over recent years.
US private sector employment rises more than expected in October - ADP
Private sector employment in the US rose more than expected in October, according to data released by ADP on Wednesday.
Solid UK manufacturing survey 'will add to MPC rate confidence'
UK manufacturing activity and input prices both increased more than expected in October, a survey revealed on Wednesday, which was felt likely to increase the Bank of England's confidence about raising interest rates and its concerns about inflation.
UK house prices rising gradually but rate hike likely to weigh
UK house prices continued to rise modestly in October, according to data from Nationwide, though a likely interest rate hike from the Bank of England could soon weigh on the sector.