Economic News
Possible crackdown on energy drinks as MPs open inquiry
A committee of MPs has launched an inquiry on the consumption of energy drinks by young people in the UK.
Estate agents' stocks hit record lows, RICS says
The UK property market continued to struggle in February as estate agents’ stocks sank to a record low and buyer enquiries fell for an 11th straight month, a survey showed.
Thursday preview: ECB, BoE monetary meetings; Aviva, G4S report results
The European Central Bank monetary policy meeting is the big event for Thursday, with financial results from Aviva, Domino's Pizza and G4S.
US oil inventories drop despite jump in domestic output, DoE says
US oil product stockpiles fell last week despite a sharp rise in the country's imports of crude and a large increase in domestic output.
US trade deficit reaches nine-year high amid 'protectionist rhetoric'
The US trade deficit rose 5% in January to reach a nine-year high of $56. 6bn but an improvement is expected in the coming months.
'Wolf of Wall Street' producer to pay $60m to settle claims
The producer of ‘The Wolf of Wall Street’ has agreed to pay the US government $60m as part of a legal settlement following allegations that it funded the movie with money stolen from Malaysian state investment fund.
Advertising Standards Authority cracks down on secondary ticket outlets
The Advertising Standards Authority cracked down on four of the biggest online marketplaces for secondary ticketing, following sector-wide investigations, highlighting multiple cases of the sites misrepresenting their pricing information.
US private sector adds 235,000 jobs in February
Private sector employment in the US rose more than expected in February, according to data released by ADP on Wednesday.
EU rejects UK's plan for post-Brexit trade
The European Union has rejected Britain’s proposals for post-Brexit trade, according to the bloc's draft negotiating position.
Venezuela government to start auctioning its petro cryptocurrency
The Venezuelan government has announced it will start selling its new petro cryptocurrency in a few weeks on its foreign exchange platform, Dicom.
UK house price growth eases to five-year low - Halifax
House prices in the UK registered their first quarterly fall since May last year in the three months to February, while on a yearly basis, they hit their lowest rate of growth since March 2013, according to the latest data from lender Halifax.
White House economic adviser steps down, China's IP practices probed
The White House's top economic adviser stepped down from his role in protest over the US president's plans to impose tariffs on steel and aluminium imports and amid news that the Office of the US Trade Representative was investigating China's practices with regards to intellectual property.