UK receives risky mortgages warning from IMF
Although there are few credit-led bubble signs, the UK has received a risky mortgages warning from the International Monetary Fund (IMF) in its “United...
April HICP inflation increased in 13 of 16 advanced economies
April HICP inflation increased in 13 of the 16 advanced economies, according to The Conference Board. HICP stands for the Harmonized Index of Consumer...
Bank of England benchmark rate remains unchanged at 0.5%
The Bank of England benchmark rate remains unchanged after the Monetary Policy Committee voted to keep it at 0.5%. The Committee also voted to...
ECB reduced interest rates amid deflation threat
The ECB reduced interest rates today in response to a looming deflation threat in the Eurozone. ECB (European Central Bank) President, Mario Draghi, announced...
April US trade deficit up
The April US trade deficit increased to $47.2 billion from $44.2 billion in March, according to data published in Thursday by the Department of...
Premier League revenue hit record for 2012/2013 season
England’s Premier League revenue hit a record £2,525m in the 2012/2013 season, according to Deloitte’s 23rd Annual Review of Football Finance. Revenue for the...
Tesco first quarter sales fall steeply
Tesco first quarter sales decline steeply, the third successive quarter fall for the United Kingdom’s biggest supermarket retailer. Increasing fierce competition among UK supermarkets...
Eurozone May inflation declines to 0.5%
As Eurozone May inflation declines to 0.5% (annualized) from 0.7% in April, moving further below the European Central Bank’s (ECB’s) target of 2%, economists...
Both Chinese PMIs for May encouraging
Fears of a steep slowdown in GDP growth may have been allayed after both Chinese PMIs for May (services and manufacturing) were published. China’s...
UK May manufacturing output strong
UK May manufacturing output grew for the fifteenth consecutive month, reflecting better economic conditions and improved order books, according to the Markit/CIPs UK Manufacturing...