Economy NEWS

Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from region to region. D&B said … Continue reading “Global economy faces continued sluggish growth, according to Dun & Bradstreet”


UK manufacturing output down 1.5% in January

The chances of the UK avoiding another recession are looking slimmer today, with official figures showing a drop manufacturing output for January. After the announcement by the Office for National Statistics (ONS) this … Continue reading “UK manufacturing output down 1.5% in January”


Bank of England keeps interest rates and stimulus unchanged

The Bank of England said today that its Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5% and also resisted calls to inject more money into the economy to help … Continue reading “Bank of England keeps interest rates and stimulus unchanged”


January snow hits UK retail sales

UK retail sales declined from December to January, surprising economists who had forecast sales to grow at the start of the year. Figures released today by the Office for National Statistics (ONS) show … Continue reading “January snow hits UK retail sales”


French government mulls investment in car group Peugeot

France’s government could participate in a capital hike at PSA Peugeot Citroen SA (EPA:UG) if needed, in an effort to help the carmaker limit its increasing losses, daily Liberation cited on Friday an … Continue reading “French government mulls investment in car group Peugeot”


Bank of England reports continued rise in mortgage approvals

Further signs are emerging of a recovery in the UK housing market, as the Bank of England said today that mortgage approvals rose again in December 2012. The number of loan approvals for … Continue reading “Bank of England reports continued rise in mortgage approvals”


UK prime minister pledges referendum on EU membership

The UK faces years of uncertainty over its place in the European Union, critics claim, after Prime Minister David Cameron promised to hold a referendum on membership of the EU. In a long-awaited … Continue reading “UK prime minister pledges referendum on EU membership”


US banks see higher earnings on capital market activity, mortgage refinancing

Increased capital market activity drove stronger earnings and increased profitability for major US banks in the third quarter of last year, according to ratings agency Fitch Ratings. Fitch said that strong debt issuance, … Continue reading “US banks see higher earnings on capital market activity, mortgage refinancing”


US economy poised for growth, but austerity threatens

According to a report from Canada-based financial services firm Toronto Dominion’s (TSX: TD) (NYSE: TD) US-based TD Bank’s TD Economics affiliate, the main obstacle standing in the path of faster US economic growth is a strong headwind … Continue reading “US economy poised for growth, but austerity threatens”


HM Treasury allocates £200m to Pru for UK middle market investments

The investment management unit of international financial services group Prudential Financial (NYSE: PRU), Prudential Capital Group, said that UK economics and finance ministry Her Majesty’s Treasury has allocated GBP 200m (about USD 323m) of a … Continue reading “HM Treasury allocates £200m to Pru for UK middle market investments”


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