UK manufacturing output rose 0.8% in September
Manufacturing output in the UK increased 0.8% in September, the biggest monthly jump in over a year and a significant improvement from a summer...
MPs say that HMRC is “still failing UK taxpayers”
The Public Accounts Committee (PAC) said that Her Majesty's Revenue and Customs (HMRC) is “still failing UK taxpayers” because of its “abysmal” performance in dealing...
US factory orders fell 1% in September
Orders for factory goods in the US dropped for the second consecutive month in September as manufacturers continue to face the effects of a...
Osborne pushes for UK to be given EU renegotiation demands
Chancellor George Osborne warned Germany on Tuesday that the UK will not veto a treaty to save the Euro from collapse as long as...
AIG third quarter earnings dropped 60 percent
American International Group Inc (AIG) posted a steep decline in quarterly earnings on Monday.
The insurance giant posted third quarter after-tax operating income of $691 million,...
Chinese manufacturing shrunk for third consecutive month
Manufacturing in China shrunk for the third month straight in October, according to the latest official factory survey released on Sunday.
China’s Purchasing Managers' Index...
Greek banks need over €14.4bn to plug gaping black hole, says ECB
As the European Central Bank (ECB) announced the results of stress tests for large Greek banks, aimed at rehabilitating the financial institutions, it informed...
Canadian economy expanded a modest 0.1 percent in August
The Canadian economy expanded a modest 0.1 percent in August, representing the third straight month of growth after a five month period of contraction.
According...
US banks need to raise further $120 billion under new Fed rules
Eight of the largest banks in the US will have to raise a further $120 billion under new rules proposed by the Federal Reserve on...
SEC approves more flexible crowdfunding rules
The US Securities and Exchange Commission (SEC) approved new crowdfunding rules which will allow startups to raise funds from investors over the internet.
The SEC...