Economic News
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow
President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.
Cabinet convenes as negotiators agree EU withdrawal text
Theresa May's cabinet will meet on Wednesday after British and EU negotiators agreed the text for a UK-wide customs arrangement that could will form part of a Brexit withdrawal agreement, according to reports on Tuesday afternoon.
Opec trims forecasts as global economy weakens and supply surges
Opec has trimmed demand forecasts for its crude in 2019, leading to speculation that the oil cartel will cut production when it meets next month.
Bearish investors turn their back on tech stocks, survey finds
Exposure to the global technology sector is at its lowest level since February 2009, according the industry research, as bearish fund managers become increasingly risk averse.
Euro area continues to require 'significant' support, ECB's Praet says
The Eurozone economy continues to require "significant" stimulus support, the European Central Bank's chief economist said on Tuesday.
Beijing pursues South China Sea agreement to improve trade relations
Chinese Premier Li Keqiang made a commitment on Tuesday to pursue a code of conduct in the territorially disputed South China Sea with its neighbours, after recent tensions with US Navy vessels in the region.
German ZEW improves in November but sentiment still depressed
German economic sentiment unexpectedly improved in November but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK wages grow at fastest rate for nearly a decade
UK wages grew at their fastest rate since 2008, according to official data published on Tuesday, although the unemployment rate also showed a surprise increase.
US Treasury's Mnuchin and China's Liu He talk by phone
Top US and China officials discussed trade issues last Friday, marking just the second public sign of dialogue on the subject in six months.
San Francisco Fed chief Daly not set on December rate hike
A top US central bank official said on Monday that the Federal Reserve would likely need to raise interest rates again at the end of the year, followed by at least two more hikes in 2019.