ECONOMIC NEWS
07:05
UK needs to keep close ties with the EU post-Brexit - OECD
brexit mx

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.

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17 Oct
Buy Spain as political risk is 'overstated' - Credit Suisse
españa bandera, spain, spanish, flag

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.

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17 Oct
Higher inflation means benefits pain for households, says IFS
bank of england

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.

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17 Oct
Donald Trump plummets on Forbes rich list
trump shrug

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.

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17 Oct
US-backed forces in Syria take over city of Raqqa
Kobani, Syria, Islamic State

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.

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17 Oct
NAHB housing market index hits five-month high in October
US house USA United States of America housing

Sentiment among US housebuilders unexpectedly improved in October, according to data released on Tuesday.

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17 Oct
Fuel costs goose US import prices higher in September
Braemar Shipping Services, ships, transport

Dearer fuel imports boosted the cost of overseas goods last month, albeit alongside similar-sized gains in export prices.

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17 Oct
US industrial production misses forecasts in September
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Industrial production in the US rose as expected last month but amid downwards revisions to readings for previous months, especially in manufacturing.

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17 Oct
Carney and new MPC colleagues throw doubt on interest rate hikes
boe carney treasury committee

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.

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17 Oct
Wednesday preview: Rate hike may hang on wages report; Reckitt, Rathbone report
carney boe bank england

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.

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17 Oct
House prices continues to limp higher - ONS, Land Registry show
house prices housing signs

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.

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17 Oct
May and Juncker pledge to 'accelerate' Brexit negotiations
cbtheresamay23

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.

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17 Oct
UK inflation surges to five-year high but BoE eyeing wages
dairy crest, cheese

UK inflation reached a five-year high last month, increasing pressure on household budgets and the Bank of England to raise rates.

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17 Oct
Big four supermarkets relying on inflation for growth - Nielsen, Kantar find
Tesco, retail, supermarkets

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.

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17 Oct
Tuesday preview: UK inflation could top 3pc; results from Pearson, Merlin, Asos
asos

UK and eurozone inflation will be the big focus of the day, while the new reporting season kicks in with Asos, Bellway, London Stocks Exchange, Merlin Entertainment, Pearson and Virgin Money.

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16 Oct
Three dead as Hurricane Ophelia batters Ireland's southern coast
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Ireland’s southern coast has been hit by a major storm caused by Hurricane Ophelia, leaving three people dead and hundreds of thousands of homes without power.

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16 Oct
Empire State manufacturing index rises further in October
factory, factories, manufacturing, manufacturer

Factory activity in the jurisdiction of the Federal Reserve bank of New York picked up in October, the results of a widely-followed survey revealed.

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16 Oct
Younger generation suffering from growing debts, FCA head says
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The Financial Conduct Authority has said that young people are increasingly having to borrow money in order to cover basic living costs.

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16 Oct
Iraqi troops move to retake Kirkuk from Kurdish control
iraqi kurdistan near erbil

Iraq has taken control of key areas of the dispute city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.

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16 Oct
Puigdemont defies Madrid deadline for clarification in Catalonia dispute
ep catalunapreparala diada

Catalan president Carles Puigdemont has ignored an ultimatum from Spanish prime minister Mariano Rajoy to formally clarify whether he has declared independence for the region.

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