Economic News
Take bank threats to leave Brexit London 'with dose of scepticism'
While warnings by financial institutions that they will shift jobs away from London due to Brexit poses a risk the country’s economy and commercial property markets, there was a call on Thursday to “take their threats with a dose of scepticism”.
Airline bosses report sky high operating costs but remain optimistic for 2017
The International Air Transport Association has released research suggesting a challenging environment for airlines, including lower passenger yields and an increase in operating costs.
Marine Le Pen leads poll ahead of French presidential election
French National Front leader Marine Le Pen has surged ahead in a key poll as attention turns to the presidential election later this year in the country.
Energy prices at a two-year high, says Ofgem
Energy prices have risen this month to a two-year high according to the office of gas and electricity markets (Ofgem).
RBS might book charge for US RMBS litigation in Q4, report says
State-owned RBS might book a charge for expected litigation charges stemming from the US Department of Justice´s probe into its role in that country´s sub-prime mortgage meltdown which ensued during the last financial crisis as soon as in its fourth quarter eanings statements.
ECB keeps policy measures unchanged
The European Central Bank decided to keep key interest rates and the asset purchase programme unchanged on Thursday.
Initial US weekly unemployment claims see large drop
A key gauge of the short-term health of the US labour market continued to improve during the latest week.
Philly Fed index unexpectedly jumps in January
Manufacturing conditions in the Philadelphia region unexpectedly improved in January.
US housing starts rise more than expected in December
US housing starts rose more than expected in December, according to data released by the Commerce Department.
Bonds: Prices continue to move within recent trading ranges
These were the moves in some of the most widely-followed 10-year sovereign bonds:.
Economist Roubini compares Trump strategies with communism
The economist who predicted the global stock market crash in 2008 has said that if Barack Obama had espoused policies put forward by president-elect Donald Trump, he would be labelled a communist.
Goldman Sachs to move half its London bankers to Frankfurt
Giant investment bank Goldman Sachs plans to move 1,000 of its City of London traders and bankers to Frankfurt when the UK exits from the European Union, according to reports in Germany on Thursday.
Britain to be 'global leader in trade' post-Brexit, says Theresa May
Prime Minister Theresa May told world leaders on Thursday that a post-Brexit Britain will be a leader in trade and that the country would “step up to a new leadership role” after it leaves the European Union.
UK housing market activity falls in December, RICS says
Britain’s housing market “stuttered” in December as price growth slowed and the number of sales fell, according to a widely followed survey on Thursday.