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Economic news

Russian inflation will fall again, Capital Economics says

Russian inflation will fall again, Capital Economics says

Mon, 06 July 2015

Capital Economics said inflation in Russia would fall again at the end of the year, as prices fell to a six-month low in June. Russia recorded 15.3% inflation in June, down from 15.8% in May and below... [more]

US services sector expands a little less than expected in June

US services sector expands a little less than expected in June

Mon, 06 July 2015

The US services sector expanded at a slightly slower-than-expected rate in June, according to figures from the Institute for Supply Management. The ISM non-manufacturing purchasing managers' index nud... [more]

UK National Trust to invest  £30m in green energies

UK National Trust to invest £30m in green energies

Mon, 06 July 2015

The UK National Trust, Europe's largest conservation organisation, on Monday announced it would invest £30m to supply clean energy to its properties. The body, which looks after the country's historic... [more]

Eurozone investor confidence gains in July despite Greek woes

Eurozone investor confidence gains in July despite Greek woes

Mon, 06 July 2015

Data from think-tank Sentix showed investor confidence in the Eurozone improved from a four-month low in July, despite increasing uncertainty surrounding the fate of Greece. The investor confidence in... [more]

Tube strikes set to go ahead this Wednesday, TfL confirms

Tube strikes set to go ahead this Wednesday, TfL confirms

Mon, 06 July 2015

London commuters are set for major travel disruptions this week after Transport for London confirmed that members of four transport unions are planning a 24-hour strike on the Tube starting Wednesday ... [more]

UK new car registrations surge in year to June, but slower growth seen later in the year, says SMMT

Mon, 06 July 2015

New car registrations in June rose 12.9% over the same month last year, marking the 40th month of consecutive growth, according to figures released by the Society of Motor Manufacturers and Traders (S... [more]

German factory orders slip in May

Mon, 06 July 2015

German factory orders dropped 0.2% in May on a seasonally-adjusted basis, down from a 2.2% gain in April but beating analysts' expectations for a steeper decline of 0.4%. The April figure was revised ... [more]

Osborne to announce £12bn in welfare cuts

Mon, 06 July 2015

UK Chancellor George Osborne on Sunday said he had found £12bn of welfare cuts he needs as part of his plan to balance the current budget by 2017/18. To meet the target, Osborne said he would put in p... [more]

Greek finance minister Yanis Varoufakis steps down despite 'no' vote

Mon, 06 July 2015

Greek finance minister Yanis Varoufakis on Monday morning surprised many with the decision to resign despite the public voting 'no' to creditors' bailout measures. Varoufakis had last week promised to... [more]

Early results in Greferendum show clear lead for 'no', euro drops

Sun, 05 July 2015

Early results from Sunday´s referendum in Greece over whether to accept international creditors´ demands for reaching an agreement on the terms of a bail-out showed the 'no' camp clearly in the lead. ... [more]

Greek 'No' voters will win, Economist Group Intelligence Unit predicts

Sun, 05 July 2015

The "Intelligence Unit" of the Economist Group have said they are calling victory for the "No" voters in Greece's referendum. It tweeted on Sunday: "The EIU forecast victory for the "No" camp as soon ... [more]

Bank of England to unveil changes to City regulations

Sun, 05 July 2015

The governor of the Bank of England will on Tuesday announce tighter City regulations that will make it easier to prosecute those working in the banking sector. The tougher guidelines, which will be s... [more]

UK investors expected to show strong support for first ever Kurdistan bond

Sun, 05 July 2015

The first ever Kurdistan bond is expected to this week gain strong support from UK investors. The bond, which will be priced with an interest rate of between 11% and 12%, comes just a fortnight after ... [more]

No need for break-up of Big Six, competition watchdog expected to say

Sun, 05 July 2015

The Competition and Markets Authority (CMA) is expected to this week say it will not force the Big Six energy firms to break-up. The CMA is expected to say that the vertical integration structure unde... [more]

Budget to tackle higher earners using subsidies to live in social housing

Sun, 05 July 2015

Chancellor George Osborne said on Sunday that he planned to use this week's Budget to prevent higher earners from using taxpayer-funded subsidies to live in council and housing association homes. He s... [more]

Prime Minister and Chancellor to raise inheritance tax threshold to £1m in Wednesday's Budget

Sun, 05 July 2015

Inheritance tax on family homes worth up to £1m will be scrapped, the chancellor's next Budget will confirm. George Osborne will on Wednesday say to MPs that he is increasing the level at which the ta... [more]

Greek people to vote in referendum to decide whether to accept bailout terms

Sun, 05 July 2015

Greek citizens will on Sunday cast their vote in the country's bailout referendum that will decide whether or not its government accepts a further rescue loan in exchange for greater austerity measure... [more]

Piketty lashes out at lenders' proposals to Greece

Fri, 03 July 2015

French economist Thomas Piketty has labelled Greece's lenders' proposals for the country "bad and recessionary", as the country prepares for Sunday's big vote. On Sunday Greece will vote in a referend... [more]

UK bank deposit protection to be cut to £75,000

Fri, 03 July 2015

The Bank of England's regulatory arm, the Prudential Regulation Authority (PRA), said on Friday that it will cut the maximum deposit it will protect if a bank fails to £75,000 from the end of this yea... [more]

Poroshenko reiterates call for sanctions on Russia

Fri, 03 July 2015

Ukrainian president Petro Poroshenko has called again on the international community to sanction Russia should the conflict in southeastern Ukraine escalate. In a press statement on Friday, the presid... [more]

Eurozone retail sales rise a touch more than expected in May

Fri, 03 July 2015

Eurozone retail sales rose 0.2% in May following a 0.7% increase in April, a touch ahead of analysts'expectations. According to figures released by Eurostat on Friday, year-on-year retail sales were u... [more]

Returns in China CIC fell 5.47% in 2014

Fri, 03 July 2015

China's sovereign wealth fund China Investment Corporation said investment returns fell to 5.47% in 2014 from 9.33% in 2014. As of the end of 2014, CIC's total assets surpassed $740bn, up from $653.7b... [more]

RMT union annouces rail strikes spanning north and south of England

Fri, 03 July 2015

The RMT union have announced two rail strikes spanning the north and south of England. The disputes, which will involve staff from Northern Rail and Southern Rail, are completely separate, but both wi... [more]

UK service-sector growth picks up in June, PMI data shows

Fri, 03 July 2015

Growth in Britain's services sector accelerated more than expected in June, according to data on Friday from Markit and the Chartered Institute of Procurement and Supply. The UK services purchasing ma... [more]

Eurozone Markit services PMI for June ticks up a touch, in line with expectations

Fri, 03 July 2015

The final Eurozone PMI composite output index printed at 54.2 in June, up from 53.6 in May and marginally above the earlier flash estimate, Markit said on Friday. The reading was in line with analysts... [more]

NASDAQ 100 Top Risers

Name Last Chg.% Time
Stericycle Inc. 136.93 1.70 22:10
Charter Communications Inc. 174.07 1.32 21:28
Ross Stores Inc. 49.87 1.13 22:01
Paychex Inc. 48.17 1.10 22:10
Verisk Analytics Inc. 73.76 0.96 22:10

NASDAQ 100 Top Fallers

Name Last Chg.% Time
Baidu Inc. 189.03 -4.06 21:55
Vimpelcom Ltd Ads 4.86 -3.95 22:10
Micron Technology Inc. 18.32 -3.93 21:58
Keurig Green Mountain Inc 71.77 -3.44 22:10
Avago Technologies Ltd. 134.20 -2.50 21:57