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Economic News Page 60

Orgeuil castle, Jersey

Growth in alternative investment pushes Jersey funds to record levels

The value of funds administered in Jersey hit a record level at the end of 2016, according to the latest figures from the jurisdiction’s financial regulator.

Brian Bollen

China’s renminbi bears stock market woes

China's renminbi edges higher, ending the week close to where it started, as stock and bond markets stabilise after a month of dramatic losses

Neil Dennis
UK retail sales figures

UK April retail sales figures bounce back after Q1 drop

The figures for April UK retail sales published today by the Office for National Statistics provide a welcome boost after the disappointment of first quarter estimates

Brian Bollen

Citigroup adds VIX lookalike fear gauge to investor toolbox

Citigroup has added a lookalike fear gauge to its investor toolbox, offering a credit equivalent of Chicago Board Options Exchange's VIX volatility index.

Brian Bollen

Eurozone growth rose at 0.5% in the first quarter

Eurozone gross domestic product rose at a robust 0.5% in the first quarter, prompting the euro to rally against the pound and dollar

Neil Dennis

Squeeze tightens on UK households as inflation hits 2.7%

UK consumer price inflation (CPI) jumped to a three-and-a-half-year high of 2.7% in April, furthering the squeeze on British households as prices rose faster than annual average earnings growth

Neil Dennis
world map

Economic data show world economy clearly growing solidly

The first economic data for May show the world economy is maintaining solid levels of growth in the US, Asia and Africa, reports World Economics.

Brian Bollen
Connected Europe

European private equity fundraising hits eight-year high

European private equity fundraising hits eight-year high, a 37% year-on-year increase

Brian Bollen
head of venture capital products at Preqin

Venture capital industry passes half a trillion dollars

The global venture capital industry is expanding at an accelerating pace. Total assets under management reached US$524bn as of June 2016, the latest data available.

Brian Bollen
Bank of England governor Mark Carney

Bank of England lifts inflation forecasts but cautious on growth

The Bank of England lifts its forecasts for consumer prices, but higher inflation is expected to come at the expense of lower growth as UK households feel the pinch

Neil Dennis
Bank of England governor Mark Carney

Bank of England keeps interest rate at 0.25%

The Bank of England kept the UK's base rate of interest at 0.25% today, focusing less on rising inflation and rather reflecting its commitment to help sustain growth

Neil Dennis
Shareholder value

Standard Life and Aberdeen unveil plans to cut 800 jobs

Standard Life and Aberdeen are limbering up to cut approximately 800 roles from the total global headcount of the combined group as at 31 December 2016.

Brian Bollen
inflationary pressures

UK to feel the pinch of higher inflation

Workers in the UK will see their earnings squeezed this year as inflation rises to 3.4% while wage growth stalls, according to the latest forecasts from the National Institute of Economic and Social Research (NIESR)

Neil Dennis
Europe's largest economy

German growth continues as factory orders rise

Growth in Europe's largest economy appears to be picking up speed after German factory orders expanded for a second month

Neil Dennis
Macron victory

Macron victory signals stability – for now

Success for Emmanuel Macron over Marine Le Pen in the second round of France's presidential election signals stability, for now, according to Kenneth Orchard, global fixed income portfolio manager at T Rowe Price, a US global asset management firm.

Brian Bollen

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