German consumer sentiment up in December and will rise in January
German consumer sentiment increased to 8.7 points in December and is expected to rise to 9 points in January, says the GfK Group, Germany’s...
Average US 30-year mortgage rate falls to 3.80 percent
Average U.S. rates on fixed mortgages declined this week, with the US benchmark 30-year loan rate falling to 3.80 percent - a new low...
Canadian wholesale trade up in dollar terms but down in volume
Canadian wholesale trade went up and down in October. In dollar terms it was 0.1% higher compared to September, reaching a record high, but...
Couche-Tard and The Pantry agree on acquisition deal
Alimentation Couche-Tard Inc. and The Pantry Inc. announced on Thursday they have reached a definitive merger agreement under which Couche-Tard will buy The Pantry...
Switzerland imposes negative interest rate on sight deposits
The Swiss National Bank has imposed a negative rate of -0.25% on "sight deposits" with over 10 million Swiss francs ($10.22 million). A sight...
UK retail sales posted 10-year record growth in November
UK retail sales in November grew by 6.4% year-on-year, the highest increase in the quantity bought since May 2004, the Office for National Statistics...
Low fuel costs causes drop in consumer prices
Consumer prices in the US were pulled lower because of low gasoline prices, which eased inflation in the economy.
According to the US Labor Department,...
Wellcome Trust makes £2.5bn thanks to Alibaba and JD.com
British independent charity that funds research to improve human and animal health, The Wellcome Trust, made £2.5 billion on its investment portfolio valued at...
Royal Mail was sold too cheaply, says a new report
A report that Business Secretary Vince Cable had commissioned concluded the government sold Royal Mail for £180 million less than it could have. The...
Lloyds shares to be sold, says HM Treasury
The Chancellor George Osborne announced on Wednesday that more Lloyds Banking Group shares will be sold to private ownership so that the government can...