Economic News
UK needs to keep close ties with the EU post-Brexit - OECD
The Organisation for Economic Co-operation and Development (OECD), on Tuesday, said it was in the UK's best interest to preserve close ties with the EU, having weakened in the aftermath of Brexit, to boost productivity as well as maintaining future living standards.
Buy Spain as political risk is 'overstated' - Credit Suisse
Spanish equities look unusually cheap, said Credit Suisse on Tuesday, as political risk is "overstated" and the country is on track for at least 3% growth, with employment, housing and construction all on a growth tear.
Higher inflation means benefits pain for households, says IFS
State benefits for roughly 10m UK families will be reduced by £450 a year in real terms after inflation reached its highest level in five years on Tuesday, the Institute for Fiscal Studies calculated.
Donald Trump plummets on Forbes rich list
US President Donald Trump fell almost 100 places in the annual release of the Forbes rich list, while Microsoft founder Bill Gates remained atop the rankings.
US-backed forces in Syria take over city of Raqqa
The Syrian city of Raqqa has been taken over by US-backed forces in the country, having previously been under the control of the so-called Islamic State.
NAHB housing market index hits five-month high in October
Sentiment among US housebuilders unexpectedly improved in October, according to data released on Tuesday.
Fuel costs goose US import prices higher in September
Dearer fuel imports boosted the cost of overseas goods last month, albeit alongside similar-sized gains in export prices.
US industrial production misses forecasts in September
Industrial production in the US rose as expected last month but amid downwards revisions to readings for previous months, especially in manufacturing.
Carney and new MPC colleagues throw doubt on interest rate hikes
Two new members of the Bank of England's Monetary Policy Committee cast some doubt on the likelihood of an increase in interest rates in November, though Governor Mark Carney said a hike "may be appropriate" and many economists remained confident of a hike.
Wednesday preview: Rate hike may hang on wages report; Reckitt, Rathbone report
A first Bank of England rate hike since the financial crisis hangs on Wednesday's labour market report, while company news includes trading updates from Reckitt Beckiser and Rathbone Brothers.
House prices continues to limp higher - ONS, Land Registry show
UK house prices are continuing to increase modestly, according to official figures, but growth is expected to remain weak in the final few months of the year and in 2018.
May and Juncker pledge to 'accelerate' Brexit negotiations
Theresa May’s trip to Brussels on Monday for a working dinner with Jean-Claude Juncker did not appear to yield any specific results, but both the UK PM and EU Commission president vowed to “accelerate” Brexit negotiations.
UK inflation surges to five-year high but BoE eyeing wages
UK inflation reached a five-year high last month, increasing pressure on household budgets and the Bank of England to raise rates.
Big four supermarkets relying on inflation for growth - Nielsen, Kantar find
Major supermarket groups Tesco, Sainsbury's, Asda and Morrisons continued to both grow sales and lose ground to discounters, with Aldi and Lidl contributing the entire grocery market's volume growth in recent weeks.