Economic News
Soros calls for May to keep Britain in single market
George Soros warned Britain was approaching a tipping point, with the economy set to slow so much that Brexit might even be reversed.
BoE rate rise could bring 'golden age' of property growth to end
Last week the Bank of England came the closest to raising rates in a decade amid house price growth grinding to a halt amid political and economic uncertainty, but property owners do not have much to complain according to new research.
Tories and DUP set to face legal challenge as deal wobbles
Theresa May’s Conservatives could be hit with a legal challenge over a proposed deal to govern with Northern Ireland’s DUP, according to reports that emerged as two sides struggled to seal a final agreement.
FX round-up: Loveless sterling southbound as Carney jawbones on rates
Sterling resumed its ride lower again on Tuesday after Bank of England governor Mark Carney said now was not the time to raise UK interest rates.
London close: Resources drag FTSE down as sterling fades after Carney's comments
Stocks in London finished lower on Tuesday amid hefty falls in the shares of mining and oil majors, as traders bashed sterling down after Bank of England governor Mark Carney said the time was not right for an interest rate hike.
Commodities: Crude plunges on burgeoning Libya, Nigeria output
Crude-oil futures went for a skate lower on Tuesday as traders sold the black liquid aggressively on renewed fears of oversupply, this stoked by burgeoning output from Libya and Nigeria and also US shale pumping concerns.
Turnover in UK automative industry hit record £77.5bn in 2016
Turnover in the UK auto industry hit a record last year alongside a big increase in research and development spend that boosted productivity, a leading industry group said.
Brent crude oil futures testing key level of technical support
Crude oil futures' grip on a key level of technical support was being tested ahead of the release of key industry data on the state of US inventories.
Man United manager Mourinho accused of tax fraud in Spain
Jose Mourinho, the current manager of Manchester United football club, has been accused of tax fraud in Spain relating to his time as coach of Real Madrid.
Hammond speech pushes for transitionary period post Brexit
Chancellor Philip Hammond used his Mansion House speech to assure the City that he would try and press for a transitionary agreement keeping the UK in the customs union until new rules are implemented.
OPEC goal of cutting global oil inventories will remain elusive, Morgan Stanley says
The Organisation of Petroleum Exporting Countries' stated aim of cutting excess global oil inventories is likely to prove elusive for some time to come, Morgan Stanley said.
Trump condemns North Korea after death of jailed US student
US President Donald Trump has condemned the actions of North Korea after student Otto Warmbier died after returning from the secretive state in a coma following a stint in prison.
Baby boomer wealth contributing to inequality, thinktank says
The baby boomer generation’s acquisition of wealth is adversely affecting later generations’ ability to do the same, a report from thinktank Resolution Foundation has concluded.
Europeans want hard line in Brexit negotiations, poll shows
EU leaders should take a firm stance in Brexit negotiations with Britain, according to a poll carried out with citizens from nine major European nations.
Carney's Mansion House speech: 'now is not yet the time' for rate rise
Bank of England Governor Mark Carney said interest rates would remain unmoved from their current low levels for a while longer given the "mixed signals" from the UK economy, an argument that send the pound lower on Tuesday.