FTSE 100 surges on news of a Greek bailout deal
Markets across Europe rebounded on Monday on news that EU leaders agreed on a deal for a Greek bailout.
The UK FTSE 100 index climbed...
US mortgage rates drop amid global uncertainty
Mortgage rates in the US dropped this week amid uncertainty in world financial markets.
The 15-year fixed average rate dropped to 3.20% from 3.24% the...
UK trade deficit drops to lowest level in nearly two years
The UK’s trade in goods deficit fell to the lowest level in almost two years in May as ship imports and material manufactures dropped...
US budget deficit has dropped by $52 billion, says CBO
According to the Congressional Budget Office, the US budget deficit dropped by $52 billion during the first nine months of the fiscal year from...
IMF warns against US Fed hiking rates this year
The International Monetary Fund (IMF) warned against the US Federal Reserve hiking interest rates this year.
The IMF recommends waiting for “clear signs of wage...
UK plans to sell half of its stake in RBS within two years
The UK government plans on selling half of its stake in Royal Bank of Scotland (RBS) within the next two years, according to reports.
Last...
US service sector growth higher in June
Growth in the US service sector rose in June, according to data released by the Institute for Supply Management on Monday.
However, the index of...
Greece leaving the eurozone is now a very real possibility
The Greek people have cast their vote and the result is a resounding “no” to accepting strict austerity measures and following creditors’ bailout terms.
Many...
US economy gained 223,000 new jobs last month
The US economy added 223,000 new jobs last month, according to the latest Labor Department report.
However, wages remained flat, a sign that consumer spending...
Aetna acquiring Humana for $35 billion
Aetna is acquiring rival health insurer Humana for $35 billion.
The US health insurance giant announced on Friday that it agreed to takeover its smaller...