Economic News
Friday preview: UK public finances; results from IHG, Acacia, Renishaw
UK public finances will come under the microscope on Friday 20 October, while later on US Fed Chair Janet Yellen speaks and there are results from InterContinental Hotels, Acacia Mining and Renishaw.
Philly Fed manufacturing index hits five-month high in October
Manufacturing conditions in the Philadelphia region unexpectedly improved in October, according to a survey released on Thursday.
US initial jobless claims drop to lowest since 1973
The number of Americans filing for unemployment benefits dropped more than expected last week, according to data from the Labor Department.
New Zealand's lurch left sends Kiwi dollar crashing
The New Zealand dollar crashed on Thursday, after it emerged that a socialist-populist coalition would be making up the country’s next government.
UK retail sales weaker than forecast, adding to BoE doubts
UK retail sales fell more than expected last month, official figures confirmed on Thursday, further muddying the waters over whether the Bank of England will hike interest rates next month.
Spain expected to suspend Catalan autonomy as Puigdemont refuses to back down
Spanish prime minister Mariano Rajoy is expected to press ahead with Article 155 to suspend autonomy for Catalonia after regional president Carles Puigdemont refused to revoke his suspended declaration of independence.
PM May seeks to reassure EU citizens ahead of Brussels summit
Theresa May has reassured EU citizens living in the UK that protecting their rights and the rights of Britons in Europe is her number one priority in Brexit negotiations.
China GDP grows at steady clip in Q3, but economists anticipate slowdown
China's economy continued expanding at a steady clip last quarter, although some economists believed tighter economic policy was set to weigh on the pace of expansion.