JPMorgan posts 12% increase in profit to $5.91 billion in Q1
JPMorgan Chase & Co posted better-than-expected quarterly profit on Tuesday.
For the three months to the end of March the firm reported a 12% increase...
US economy forecast to grow by 3.1 percent in 2015 and 2016, says IMF
The International Monetary Fund downgraded its outlook for US economic growth this year, but still expects there to be solid growth nonetheless.
On Tuesday, the...
Fitch affirms AAA rating for US government-issued debt
Fitch Ratings affirmed its AAA rating for US government-issued debt on Monday, a huge vote of confidence for the credit worthiness of the country.
In...
Chinese exports and imports down 15% and 12.7% in March, alarming economists
Chinese exports were 15% down in March while imports declined by 12.7% compared to the same month in 2014, triggering serious concern that the world’s...
GE selling its financial assets, announces $50 billion stock buy back
General Electric announced that it will be reducing the size of its financial businesses by selling GE Capital assets.
GE plans on selling its financial assets...
US import prices fell broadly by 0.3% in March
U.S. import prices fell broadly in March, a sign that inflation will likely stay low in the coming months.
The Labor Department said on Friday...
UK economic growth has slowed down, ONS data suggests
According to official data released on Friday, UK economic growth likely slowed down in the first quarter of the year, which could make it...
Chinese inflation remained flat in March at 1.4 percent
Chinese consumer inflation remained flat March, while wholesale prices remained in deflation territory, according to official data released on Friday.
China's annual consumer inflation rate (CPI) rose...
Bank of England holds rate at 0.5 per cent in last meeting before UK...
The Bank of England kept interest rates on hold at 0.5 per cent on Thursday in its last Monetary Policy Committee meeting before the...
Mortgage demand down sharply in first quarter, third quarterly decline in a row
Mortgage demand declined steeply in the UK in the first quarter of 2015, according to the Bank of England’s Credit Conditions Survey, making it...