Economic News
UK economy to grow faster than expected, NIESR predicts
Britain's economy will expand faster than forecast in 2017 and 2018 due to unexpectedly strong global growth, a closely followed thinktank has predicted.
BIS head says crypto-currency craze is a hybrid of a 'bubble' and a 'Ponzi scheme'
Agustin Carstens, the Bank for International Settlements' new boss, referred to the crypto-currency craze as a mixture of "a bubble, a Ponzi scheme and an environmental disaster," as he warned students at a German university that the likes of Bitcoin and Ripple threatened to undermine public trust in central banks.
US open: Stocks trading on either side of unchanged
Stocks on Wall Street are mixed, having recovered from another round of heavy losses at the opening bell, following a massive sell-off during the previous session, amid a spike in volatility and concern in some corners of the market regarding the likely pace of interest rate hikes by the Fed.
US job openings decline in December
A widely-followed indicator of US labour market strength weakened in December, although economists were sanguine, cautioning clients not to read too much into one month's worth of data.
Wednesday preview: GSK's results and consumer healthcare plans under the microscope
GlaxoSmithKline's full year results will be under the microscope on Wednesday with the shares down by a quarter from last year's summer highs, while there's plenty more for investors who want to focus on the fundamentals rather than the technical levels that were hammering global markets in recent sessions.
US trade deficit jumps in December
America's shortfall in trade with the rest of the world widened at the end of 2017 as imports continued to run ahead of exports, boosted by strong domestic demand.
Impact from short equity volatility set to fade, BofA says
A bubble might have popped on Monday, a bubble in equity volatility that is, according to analysts at Bank of America-Merrill Lynch.
Unicef asks gamers to mine Ethereum in fundraising plan for Syrian children
UNICEF (United Nations International Children’s Emergency Fund) has created a new charity project to aid Syrian children, asking PC gamers to mine Ethereum for the organization and donate the earnings.
German factory orders surge in December
Factory orders in Germany soared past forecasts at the end of 2017, amid a surge in demand for capital goods from euro area clients.
Retail sales rise in January driven by higher food prices - BRC
UK retail sales crept up in January but the increase was due to rising food prices rather than increased demand for goods on the high street.