Economic News
Trump defies Obama to restart construction of Dakota and Keystone pipelines
US President Donald Trump has reversed a key decision made by predecessor Barack Obama by signing an executive order to pave the way for the expansion of the Keystone and Dakota Access oil pipelines.
US existing home sales drop more than expected in December
Sales of US existing homes fell more than expected in December, according to data from the National Association of Realtors.
Markit's flash US manufacturing PMI beat expectations
Markit’s US manufacturing purchasing managers’ index improved more than expected in January.
Article 50 bill to be published 'within days', says David Davis
A bill to trigger Article 50 will be published “within days”, Brexit secretary David Davis said on Tuesday, following the Supreme Court’s ruling that Parliamentary consent is needed before activating the clause.
Rex Tillerson approved by Senate committee as Trump's Secretary of State
Former boss of ExxonMobil Rex Tillerson has received approval of the Senate Foreign Relations Committee to be Secretary of State in US President Donald Trump's administration.
Amazon offers to soften ebook contracts as EU warns of antitrust violations
After the European Commission raised competition concerns over Amazon's contracts with ebook publishers, the online retail giant has offered to soften its terms.
Eurozone manufacturing PMI exceeds five-year high
Markit’s eurozone manufacturing purchasing managers' index rose to 55. 1 from 54. 9 in the previous month, exceeding analysts’ estimates for a reading of 54. 8, the highest it’s been in over five years.
Chancellor on track to reach budget deficit target, public finances data reveals
UK public finances improved modestly in December compared to a year earlier, putting Chancellor Phillip Hammond on track to reach his budget deficit target for the current financial year.