Economic News
South Africa suspends implementation of controversial mining charter
South Africa suspended implementation of a controversial mining charter following an appeal from industry.
US consumer confidence past cycle-peak, University of Michigan says
Consumer expectations continued to cool down, a possible indication that the cycle peak was now in the rear-view mirror, one of the most widely-followed surveys of sentiment in the US revealed.
US CPI misses forecasts again in June
Consumer price inflation in the US slipped a tad last month, possibly adding to doubts a third US central bank interest rate hike at the end of 2017.
US industrial production misses forecasts in June
US industrial production grew as expected last month but downwards revisions to readings for prior months meant the rate of capacity of utilisation undershot forecasts.
US retail sales fall short of forecasts in June, but growth still seen
Retail sales volumes in the States fell short of forecasts in June amid less spending at gasoline stations and on sporting goods and books.
ECB keen to keep QE-programme open-ended, report says
The European Central Bank is wary of setting a predetermined end-date for its asset purchase programme, preferring to keep it open-ended and dependent on the incoming economic data.
Irish GDP drops sharply in Q1, now growing more slowly than China
Ireland's economy hit the skids at the start of the year but even then the rate of growth dwarfed that of its neighbours, although recent slowing meant it was now expanding less quickly than the People's Republic of China.
ITV hit as Goldman Sachs trims advertising growth forecasts
Goldman Sachs trimmed its share price targets for ITV and other European media operators as it cut it forecasts for industry advertising revenue for the second quarter but spied a rebound ahead.