Economic News
Banks jump on more favourable Basel III 'output floor' rule
Global financial regulators have agreed on the final element of the new capital rules under the Basel III regulatory framework which are less stringent than feared, delivering a boost to lenders' shares on both side of the Atlantic.
US consumer confidence slips as Democrats fret about tax cuts, U.Michigan says
US consumer confidence cooled a tad at the start of December as some Americans reportedly fretted about the impact that the proposed tax cuts might have on economic prospects, according to the results of a widely-followed survey.
Economists surprised by strong China trade data for November
China's foreign trade was surprisingly strong in November according to economists, amid export growth at two-year highs and import demand that slowed by much less than had been expected.
US jobs growth beats forecasts in November, but wages fall short
The US jobs market continued generating jobs at a solid pace last month as accelerated hiring in mining and manufacturing offset a slowdown on the services side of the economy.
UK construction output drops in October but new orders surge on HS2 awards
UK construction output contracted in October, but new orders grew sharply, according to data from the Office for National Statistics.
London Mayor commissions new Brexit economic impact analysis
London Mayor Sadiq Khan has commissioned independent economic analysis of the impact of various Brexit scenarios on jobs in the capital and on nine sectors of the economy in London and across the UK, including financial and professional services, construction and hospitality, science and technology.
Flat industrial production expected to only be temporary
UK industrial production growth has slowed to a temporary halt after a six-month growth spurt, official figures confirmed on Friday, with unseasonably warm weather depressing energy output.
UK public inflation expectations on the rise
British public expectations for inflation over the coming years have increased, according to a Bank of England survey released on Friday.
Brexit: EU can move talks onto second phase as Ireland border deal agreed
Britain has made "sufficient progress" in Brexit talks in order to move on to the second phase of negotiations, the European Commission said on Friday morning as Theresa May arrived in Brussels after thrashing a border agreement with the Irish government and Northern Ireland’s Democratic Unionist Party.