Economic News
Shell 'particularly challenged' if oil prices continue to fall, says Citi
Analysts at US investment bank Citi said on Wednesday that while Royal Dutch Shell's (RDS) business update had excited the market with its view on how to improve free cash flow (FCF) yields, it was the life of the company's reserves that would tell the real story.
Thursday preview: Results from DMGT, Greene King and Marston's; Eurozone inflation, UK confidence
Companies reporting on Thursday include DMGT, Grainger, Greene King and Marston's, while the big macro data will be European consumer prices, along with some official Chinese data, German unemployment and US PCE inflation.
Big gains and Big Macs: Bitcoin smashes through $11,000
Less than a day after Bitcoin topped the symbolic $10,000 barrier for the first time, the cryptocurrency broke through the $11,000 mark on Wednesday morning, adding more than 10% in value over the course of just 24 hours.
US pending home sales rise more than expected in October
US pending home sales rose more than expected in October, bouncing back after three straight months of declines, according to figures from the National Association of Realtors.
Donald Trump shares anti-Muslim videos from Britain First leader
US President Donald Trump has retweeted a series of anti-Muslim videos from the leader of far-right party Britain First Jayda Fransen.
North Korea claims new ballistic missile can strike anywhere in US
North Korean officials have claimed that the ballistic missile it launched on Tuesday has the capability of striking any part of the United States.
Lord Burns nominated as new Ofcom chairman
Terry Burns, the former Treasury mandarin and Channel 4 chairman, has been chosen as the government's preferred new chair of media and telecoms regulator Ofcom.
US Q3 GDP revised up more than expected
The US economy grew more than initially estimated in the third quarter, according to data released by the Commerce Department on Wednesday.
FCA accuses fund managers of sharing information on share offers
The Financial Conduct Authority has accused four fund management companies of breaking competition law by sharing information during share offers.
Economic sentiment darkens in UK but brightens in eurozone
UK economic sentiment is worsening while the Europe's economic upturn is gaining pace, a survey showed on Wednesday, but with inflation expectations on the continent rising slowly to indicate interest rates could remain low for a some time.
Consumer borrowing cools in October, BoE figures show
Consumer borrowing cooled in October after the Bank of England warned banks to tighten lending standards.
BoE's Cunliffe says Brexit poses huge uncertainty
The deputy governor of the Bank of England said there was huge uncertainty over the economic effects of Brexit as he underlined the BoE's view that Britain’s banks would be able to withstand a disorderly departure from the EU.