UK Government borrowing down in November thanks to forex fine
UK Government borrowing in November fell to £14.1 billion, which was over 10% (£1.6 billion) lower than in November 2013, the Office for National...
UK house prices set to rise by 3% in 2015, London will be patchy
UK house prices should rise by 3% and rents by 2% in 2015, according to a forecast published by the Royal Institution of Chartered...
German consumer sentiment up in December and will rise in January
German consumer sentiment increased to 8.7 points in December and is expected to rise to 9 points in January, says the GfK Group, Germany’s...
NASA’s Kepler space telescope discovers huge alien planet
NASA’s Kepler space telescope has discovered the first alien planet since its malfunction in May 2013.
Researchers announced that the newly discovered world is HIP...
Amazon launches 1 hour shipping service “Prime Now”
On Thursday the online retail giant Amazon.com launched a new shipping service that promises to deliver household products to its Prime customers in Manhattan...
Average US 30-year mortgage rate falls to 3.80 percent
Average U.S. rates on fixed mortgages declined this week, with the US benchmark 30-year loan rate falling to 3.80 percent - a new low...
Thai Union buying US rival Bumble Bee Foods for $1.5 billion
Thai Union Frozen Products, the number one producer of canned tuna in the world, is acquiring its US rival company Bumble Bee Foods for $1.5...
Unilever drops lawsuit against “Just Mayo” maker
Unilever, maker of Hellmann’s mayonnaise, has withdrawn its lawsuit against the food startup company Hampton Creek for false advertising of its “Just Mayo” product.
In...
US Treasury selling last 11.4% stake in Ally Financial
The US Treasury has launched an offering to sell its 11.4 percent remaining stake in the Detroit-based auto lender Ally Financial Inc.
Ally Financial, the...
Barrick suspends Zambian copper mine after royalties more than tripled
Following the Zambian government’s new legislation hiking the royalty rate on open pit mining operations from 6% to 20%, Barrick Gold Corporation said on...