ECONOMIC NEWS
18 Oct
brexit mx
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.

17 Oct
españa bandera, spain, spanish, flag
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.

17 Oct
bank of england
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.

17 Oct
trump shrug
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.

17 Oct
Kobani, Syria, Islamic State
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.

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

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

17 Oct
Braemar Shipping Services, ships, transport
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.

17 Oct
factory, factories, manufacturing, manufacturer
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.

17 Oct
boe carney treasury committee
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.

17 Oct
carney boe bank england
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.

17 Oct
house prices housing signs
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.

17 Oct
cbtheresamay23
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.

17 Oct
dairy crest, cheese
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.

17 Oct
Tesco, retail, supermarkets
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.