Economic News
May entering negotiations with Brussels with an open mind
Theresa May is not looking for Britain to exit the European Union without clinching a Brexit deal with Brussels, one of the bloc's highest-ranking officials said on Friday.
Britain celebrates first coal-free day since Industrial Revolution
Friday was thought to be the first entirely coal-free day in Britain for hundreds of years, as reliance on nuclear, gas and renewable energy from wind and solar meant no coal power was required.
UK steel firms cautious ahead of Trump export investigation
Steelmakers in Britain are on alert as Donald Trump launches an investigation into steel dumping in the US and suggested new tariffs will be levied on imports.
Analysts differ on forecasts for China's FX reserves
Capital outflows from China slowed significantly over the past two months, Capital Economics estimated, telling clients that the country's fight against them might be nearly over, but Oxford Economics disagreed.
US existing home sales hit 10-year high in March
Sales of US existing home sales rose more than expected in March, to their highest pace in more than 10 years, according to data from the National Association of Realtors.
US factory and service output levels at seven-month lows in April
The US economy softened at the start of the year, with levels of output in both the manufacturing and services sectors dipping to seven-month lows, the results of a survey showed, but economists believed there were good reasons to expect a rebound going forward.
Borussia Dortmund bus attacker aimed to gain from share speculation
A German-Russian man has been arrested for carrying out the explosives attack on the Borussia Dortmund team bus, with police saying the 28-year-old had been shorting the football club’s shares and nothing to do with Islam.
Paris attacker kills policeman, injures two others, IS claims responsibility
An attack against a bus carrying French policemen claimed one victim and left two other officers injured just two days before the hotly-contested first round of the French presidential elections.
UK growth and inflation set to exceed forecasts in near-term, BoE's Saunders says
Inflation and growth may outstrip the Bank of England's most recent forecasts, the Monetary Policy Committee's Michael Saunders said.
Le Pen or Melenchon election victory would trigger a correction, Citi says
The most likely outcome of the French elections was a victory for either the centrist or centre-right candidates, Emmanuele Macron and Francois Fillon, strategists at Citi said.
UK retail sales drop as price deflator spikes
UK retail sales fell in March to record their first quarterly decline since 2013 as the falling pound sent shop prices soaring, which suggests the consumer spending slowdown is gathering pace and that the Bank of England may not raise interest rates for some time.
Barclays believes worst of iron ore price slide over, positive on mining
Analysts at Barclays sounded a positive note on the EU mining sector, flagging the potential for large cash returns from Glencore, S32 and Rio Tinto over the medium-term.
Eurozone business activity hits six-year high in April
Business activity in the eurozone hit a six-year high in April, according to preliminary data released on Friday.