Result Page 126 for Latest Economy News & Archive

FICC lead 52% rise in London financial services jobs

The bonds and currency markets have picked up over the last months, which created jobs in the City

China begins big week of economic data with weak trade results

China is due to release its inflation figures on 9 June, while data on retail sales, industrial production and fixed asset investment are slated to come on 11 June.

Oil prices down amid oversupply fears from Iran, as Opec decides to maintain production goal

WTI crude fell 0.83% to $58.64 per barrel, while Brent crude for July fell 0.68% to $62.88 as at 1.10am ET.

CBI cuts UK growth forecast amid uncertainty over EU referendum and Greek crisis

CBI expects economy to grow at 2.4% in 2015 and 2.5% in 2016, compared to 2.7% and 2.6% forecast earlier.

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Gold prices set to drop amid upbeat US data and downbeat Asian demand

US Federal Reserve expected to hike interest rates this September, a negative for bullion prices.

China accounted for 25% of global industrial robot purchases in 2014

Sales of industrial robots in China hit 57,000 in 2014, marking year-on-year increase of 55% and quarter of global sales.

IMF agrees $833m loan for Iraq amid Isis conflict and lower oil prices

Agreement expected to be submitted to IMF executive board for consideration.

Greece turns to Russia as Prime Minister Alexis Tsipras rejects 'absurd' creditors' demands

Athens looking for €5bn advance to be hub of new gas pipeline from Russia.

Market round-up: Morrisons among biggest fallers as FTSE 100 hits 2-month low

Morrisons has been struggling with competition making things tricky for the supermarket.

How the popularity of cycling is giving bike retailers like Halfords a boost

Halfords reported buoyant sales today.

UK jobs: Growth in permanent contracts slowed down after general election

Pay growth in the public sector was only 0.2% in May compared with May last year.

US economy adds 280,000 jobs in May

However, the unemployment rate crept up by 0.1% to 5.5%.

Dollar surges across the board on non-farm payrolls boost, yen at 13-year low

Canadian jobs data too came stronger than expected.

Asian markets round-up: Bourses outside Shanghai trade lower

The Shanghai Composite settles above 5,000 points for the first time in seven years, after volatile intra-day trading.

Gold and silver hold 1-month low ahead of US non-farm payrolls

Both the metals are not far away from falling to fresh yearly lows.

India asks for oil price concessions from Opec

With its ever-increasing oil demand, India is expected to become prime customer for Opec members.

Fifa in Crisis: Corruption scandal highlights 'complicity' of global banking system

Financial reform organisation Jubilee USA Network says corruption is aided by US banks.

Malaysian ringgit gets closer to new multi-year low as 1MDB crisis keeps haunting

Minister's warning that ringgit could fall to 4/$ also weighs down the currency.

Greek crisis: Athens delays payment of €1.5bn to International Monetary Fund to 30 June

Prime Minister Alexis Tsipras to address parliament on 5 June

British Chambers of Commerce cuts UK GDP growth prediction for 2015 from 2.7% to 2.3%

But BCC predicts lower unemployment and earnings' growth.

Saudi Arabia: Foreign investors poised to pile in as $590bn market goes global

The Gulf state's $590bn stock market is poised to open to foreign investors later in June.

Market round-up: Royal Mail sale and interest rate announcement drag FTSE 100 down

Johnson Matthey leads the fallers on the FTSE 100 despite a 9% increase in dividend payout

Crossrail: David Cameron hails £15bn megaproject progress as tunnelling across London finishes

Brand new inter-London railway a step closer after 26 mile tunnels completed

Ikea announces €1bn spend on tackling climate change

The company is investing €600m in renewable energy sources and €400m in humanitarian help

UK airport expansion: 'Value-for-money' Heathrow strikes back against Gatwick over new runway

Heathrow Airport claims expansion would have better 'benefit cost ratio' than HS2 and Crossrail

The Miliband brothers return: Ed warns of inequality as David plans UK comeback

Ed spoke in the House of Commons just hours after David's autumn speech in London was announced.

Cryptocurrency round-up: BitLicense regulation 'stifles bitcoin innovation' and Mirror raises $8.8m

Critics warn bitcoin innovation could be stifled by new BitLicense rules, while Mirror raises $8.8m.

Birmingham: City plans 1 million sq ft of office space to rival London for business

England's second city wants to become a global financial services hub by 2030.

Bank of England will hold off on interest rate hike until 2016

Economists expect interest rates to climb in the first half of 2016 as inflation is expected to rise.

Fifa corruption scandal: Maybe Team America should police the world after all

US mocked for its extraterritorial tendencies, but Fifa scandal shows it can be a force for good.

Visa Europe believes 'mobile money' will follow success of contactless cards

Jeremy Nicholds, the head of mobile for Visa Europe, talks transactions on a large scale.

Government cuts to benefits and education will be more severe than expected says IFS

Because of increased spending on the NHS, the government will have to make deep cuts into other departments.

UK house supply at lowest for years forcing prices up reports Halifax

The number of properties available is "at its lowest level for many years"

Pound rallies ahead of BoE rate decision

BoE is unlikely to alter policy rates or asset purchase target as of now.

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