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Economic News Page 4


Rise in oil prices dented UK trade in December

Falling exports and rising imports drove Britain's trade deficit higher in December, thanks partially to the rise in oil prices, the Office for National Statistics reported on Friday

Neil Dennis
US Capitol building

US government narrowly avoids second shutdown in three weeks

The US government narrowly avoided being shut down for the second time in three weeks after the Senate finally backed president Trump’s budget in an 11th hour vote last night.

Richard Reed

Manufacturing provides support as oil pipeline closure hits UK industry

Britain's industrial production fell by more than expected in December, largely due to the impact of the closure of the Forties oil pipeline, the UK Office for National Statistics (ONS) said on Friday

Neil Dennis
Bank of England

Pound gains on dollar as Bank hints rate rise might be sooner than expected

The pound rose more than half a cent against the dollar after the Bank of England hinted that a further rate rise might come sooner than expected.

Richard Reed
Theresa May

‘We want Brexit deal asap’ Theresa May tells Japanese industrialists

British prime minister Theresa May has told Japanese industrialists she wants a Brexit deal “as soon as possible”. May was meeting senior management from Nissan, Toyota, Honda, Hitachi and Mitsubishi today

Richard Reed
Falling stockmarket

Investors ‘out of touch with reality’ over Wall Street slump

Monday’s 1,100-point Wall Street plunge shows stockmarket investors are out of touch with reality. That is the claim of one leading commentator, who says investors “are trapped in a 1970s alternate universe”.

Richard Reed
Jobcenter sign

New US jobless claimants fall to lowest level for 45 years

New unemployment claims in the US fell by 10,000 to 224,500 in January – the lowest figure since 1973.

Richard Reed

Sterling rallies after BoE strikes hawkish tone

Sterling rallied strongly on Thursday after the Bank of England (BoE) struck a more hawkish tone despite keeping interest rates on hold at 0.5%.

James Hester
german growth

German exports and imports hit record highs in 2017

Germany exported goods at a record pace in 2017 thanks to the acceleration in global growth, while imports into the eurozone's biggest economy also hit an all-time high as domestic demand increased

Neil Dennis

Is another rate rise before summer on the cards?

The Bank of England is expected to report today that in light of the UK economy growing faster than anticipated in the run up to Brexit, another interest rate rise could be on its way this year.

David Burrows

City watchdog risking ‘reputational damage’ by delaying RBS report release

The head of the Financial Conduct Authority has been warned he risks making a “mockery” of the City watchdog if it further delays publishing a report into RBS’s mistreatment of small businesses.

Alison Bloomer

J Murphy & Sons buys Carillion's UK power business

J Murphy & Sons Limited has announced it has acquired Carillion’s UK power framework business for an undisclosed sum.

Alison Bloomer
Apple logo

Apple to accept Alipay mobile payments at China stores

The US tech giant will begin accepting the app at its 41 outlets in mainland China, where ApplePay has made scant progress.

Graham Buck

Halifax reports slowing house price growth in January

House price growth in the UK slowed in January, as did the rate of new houses coming onto the market, according to data from British mortgage lender Halifax on Wednesday

Neil Dennis

US stocks see choppy trade as volatility rises

US stocks saw choppy trading on Tuesday with the Dow staging a recovery after starting the session on a weak footing.

James Hester

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