Earnings in the UK rose 2.9% in the quarter to July
Economists expect that average earnings in the UK rose 2.9 percent over the three months to July compared with a year ago.
Inflation in July...
UK FTSE 100 down 1.18 percent to 6155.81
The UK FTSE 100 dropped on Thursday by 1.18 percent, or 73.20 points, to 6155.81.
The drop came after the Bank of England voted to...
Bank of England votes to hold interest rates at 0.5 percent
The Bank of England voted in favor of keeping interest rates at a record-low of 0.5 percent.
Policymakers voted 8-1 to keep rates at the...
UK industrial output plunged in July
UK industrial production in July was very weak and exports dropped the most in nine years, according to official figures released by the Office...
CEO of United Continental resigns amid federal investigation
Jeff Smisek has stepped down as Chief Executive of United Continental Holdings Inc amid a federal investigation.
Oscar Munoz, the Chief Operating Officer of CSX...
China’s monthly trade surplus up 40% in August to 368 billion yuan
Chinese imports and exports both dropped in August. Imports dropped 14.3% on year in renminbi terms, while exports dropped a modest 6.1 percent from...
China’s foreign reserves down to $3.557 trillion
Chinese foreign exchange reserves dropped by $94 billion in August down to $3.557 trillion, the biggest monthly fall on record.
Foreign exchange reserves refers to...
UK retail sales plunged in August
Retailers in the UK suffered a huge plunge in sales in August - the worst drop since the height of the 2008 financial crisis.
According...
Fed’s Beige Book reveals economic growth across most areas
The U.S. Federal Reserve’s latest Beige Book revealed that 11 of the Fed’s 12 regional banks reported at least modest expansion in the economy...
Chinese factory activity shrinks at fastest pace in three years
Factory activity in China contracted at its fastest pace in three years in August, evidence that Chinese economic growth is continuing to slow.
The official...