Bank of England holds benchmark interest rate at 0.5%
The Bank of England holds its benchmark interest rate at 0.5%, the lowest level in its 320-year history. Governor Mark Carney and colleagues at...
German factory orders rise in July
German factory orders increased by 4.6% in July compared to June, after declining during the previous two months, according to figures published today by...
CVS quits tobacco, not Walgreens
America’s second largest pharmacy chain CVS quits tobacco and changes its corporate name to CVS Health in what the company describes as an “important...
Zalando IPO plan announced
Today’s Zalando IPO announcement for the second half of 2014 in the Frankfurt Stock Exchange is set to become one of the largest European...
World Competitiveness Report 2014-2015
The World Competitiveness Report 2014-2015, published by the World Economic Forum (WEF) was released today. The WEF warns that despite several years of bold...
Is China targeting foreign firms?
Is China targeting foreign firms? According to the American Chamber of Commerce in China, nearly half of foreign businesses believe they are being specifically...
Swiss economy zero growth in second quarter
The Swiss economy posted zero growth in Q2 2014 compared to the first quarter, according to data published by the State Secretariat for Economic...
Premier League spending summer window record
English Premier League spending hit a new record of £835 million ($1.384 billion) during the 2014 summer transfer window, which closed at 11pm on...
HSBC Russia manufacturing PMI recovers in August
The HSBC Russia Manufacturing PMI (Purchasing Managers’ Index) came in at 51, the same as in July, HSBC reported. Any figure above 50 signals...
UK Manufacturing PMI hits 14 month low
The UK Manufacturing PMI declined to its lowest growth level since June 2013, with both output and new orders growing less rapidly than in...