Oil prices surged 8 percent on Monday
Oil prices soared on Monday by more than 8 percent after the US government reduced crude output estimates and OPEC said that it is...
Japanese industrial output fell by 0.6 percent in July
Japanese industrial production dropped in July by 0.6 percent following the 1.1 percent increase in June, according to the Ministry of Economy, Trade and...
Osborne announces £500 million investment in Faslane base
George Osborne announced more than £500 million of contracts to overhaul the Royal Navy's submarine base at Faslane, securing 6,700 jobs and set to...
Brazil has slipped into a recession
Brazil has slipped into recession after official figures revealed that the country’s gross domestic product fell 1.9% in the second quarter of the year.
Year-on-year,...
BoE position on rates unchanged by China
The slowdown in China’s economy has not changed the Bank of England’s stance on when and how it will begin increasing interest rates.
Bank of...
HSBC IT glitch affected 275,000 payments
HSBC issued a statement apologizing for the inconvenience of today’s payments problems in the UK caused by an IT glitch.
The bank said that it...
Oil prices surged by more than 10 percent, biggest intraday gain since 2009
Oil surged by over 10 percent on Thursday - the biggest intraday gain since March 2009.
The commodity was lifted by news that the U.S. economy...
US orders for durable goods rose 2% in July
Orders for long-lasting manufactured goods from US factories rose 2 percent in July after a 4.1 percent gain in June.
According to data from the...
Walmart to stop selling assault rifles in the US
Walmart announced that it will stop selling assault rifles at its stores in the US.
The retailer said that the decision was driven by changing...
Sony unveils camera drone prototype
Aerosense has just unveiled footage of a camera drone shaped like an airplane capable of flying for over two hours at a maximum speed...