Economic News
George Soros reportedly lost $1bn following Trump victory
Billionaire investor George Soros is reported to have lost as much as $1bn after Donald Trump's victory over Hillary Clinton in last November's US presidential election.
City of London gives on full 'passporting' post-Brexit, eyes new finance pact
The City of London has given up hopes of retaining full 'passporting' access to customers in the European Union post-Brexit as it instead focuses on a possible trade pact for financial services.
Sterling headed lower in 2017, PIMCO says
Sterling was headed lower in 2017, analysts at PIMCO predicted.
US import goods prices rise less than expected in December
Prices for goods in the States purchased overseas rose by less than was expected at the end of 2016.
Amazon to create 100,000 US jobs in next two years
E-commerce giant Amazon has announced that it will create 100,000 jobs in the United States by 2018.
Swansea tidal lagoon project given go-ahead by independent government review
A £1. 3bn tidal lagoon energy project in Swansea has been given the go-ahead by an independent government commission review.
Fed´s Harker sees three interest rate hilkes in 2017
A top US central bank official expressed support for up to three more interest rate hikes in 2017.
CVS to sell generic version of EpiPen following Trump attacks on Big Pharma
CVS Health announced on Thursday that it would be introducing a new generic version of the Epipen, the allergic reaction treatment which has seen prices skyrocket to $600 this year.
US initial jobless claims rise less than expected
The number of Americans filing for unemployment benefits rose less than expected last week, according to data from the Labor Department.
Trump plan to hand business to sons 'fails to remove conflict of interest'
The head of the US Office of Government Ethics has launched a stinging criticism of president-elect Donald Trump's plans to leave his business interests in the hands of his sons Donald Junior and Eric.
Eurozone industrial production stronger than expected in November
Eurozone industrial production rose more than expected in November, according to the latest data from Eurostat.
Tillerson lays down the law to Beijing in South China Sea dispute
Rex Tillerson, Donald Trump's nominee for US secretary of state, has sent a warning to the Chinese government over their actions in the South China Sea.