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Economic News Page 4

President Zuma has accepted demands for his resignation

South African stocks gain on Zuma’s departure

Investors are pinning hopes on successor Cyril Ramaphosa proving to be a better steward of the economy.

Graham Buck

Yen boosted by production data, intervention comments

Japanese industrial production rose by more than expected in December, data on Thursday showed, providing a further boost to the yen, which has been among the strongest major currencies amid recent market turbulence

Neil Dennis
Entrance to IMF Building

Britain must lift its productivity, says IMF

The Washington-based organisation says the UK also needs to enhance its international competitiveness to offset the shock of Brexit.

Graham Buck
Portugal's flag

Portugal’s growth is best since 2000

The economic revival accelerated last year, as the country continued to recover from the bailout programme that it exited in 2014.

Graham Buck

Bank of England survey predicts better times for UK workers

Private sector employers expect average pay settlements of 3.1% this year, against 2.6% in 2017.

Graham Buck

Eurozone growth revised higher in fourth-quarter

Eurozone fourth-quarter growth was revised higher for its second estimate, published on Wednesday, in an across-the-board set of gains for countries within the single-currency bloc

Neil Dennis
Italian flag

Italy’s Q4 growth less than forecast at 0.3%

Preliminary data shows the final quarter of 2017 falling short of expectations, but the country still had its best year since 2010.

Graham Buck
german growth

German growth remains robust in fourth quarter

The German economy expanded further in the fourth quarter of 2017 according to the latest data from the country's official statistics office on Wednesday

Neil Dennis

Strikes in US hit second-lowest level

The US saw its second-lowest level of major strikes ever in 2017, according to US Bureau of Labor figures.

Claire Veares

ONS to move labour market figures to Tuesdays

Publication of UK labour market statistics is to move to Tuesdays so politicians have a change to study the details

Claire Veares
Royal Bank of Scotland

City watchdog criticised for ‘completely’ losing control of RBS report

The City watchdog has been criticised for “completely” losing control of a report into RBS’s mistreatment of small businesses, with MPs now likely to use special powers to publish it in full next week.

Alison Bloomer
House prices

Average house price increased by £12,000 in the year to December, says index

House prices ended last year £12,000 higher on average than they had been 12 months earlier, according to official figures.

Alison Bloomer

UK consumer inflation remains at 3% in January

UK consumer price inflation held at 3% in January as underlying prices rose more strongly than expected, scuppering forecasts for a drop back towards the Bank of England's 2% target rate and pressuring for a more aggressive interest rate response

Neil Dennis

Dollar gains unwind as stability returns to stock markets

The dollar fell across the board on foreign exchanges on Tuesday as investors took profits on gains for the greenback during the recent equity market correction

Neil Dennis
London's City district

Citigroup shrugs off Brexit with London innovation centre

The US banking group will initially hire up to 60 technologists, in one of the biggest boosts for the UK financial services sector since the EU referendum.

Graham Buck