Economic News
£350k confiscation order made against former Schroders trader
The City watchdog has won a court case against a former Schroders fund manager for the sum of £350,000.
US existing home sales drop more than expected in June
Sales of US existing homes fell more than expected in June, according to data from the National Association of Realtors.
Markit's flash US manufacturing PMI at four-month high in July
Markit's flash US manufacturing purchasing managers' index came in at a four-month high in July.
IMF cuts UK and US growth forecasts, global growth to remain healthy
The International Monetary Fund has cut its growth forecast for the UK and US economies after soft performances in the first quarter of the year.
Government 'should reassess stance' on wind power
Onshore windfarms could be built in the UK for the same cost as new gas power stations and nearly half as much as that of the Hinkley Point C nuclear plant, new analysis of the sector has shown.
Trade secretary Fox in Washington for talks over US deal
UK trade representatives have arrived in Washington in order to discuss a post-Brexit trade deal with their US counterparts.
Jared Kushner releases details of four Russian contacts, denies collusion
Donald Trump’s son-in-law and adviser Jared Kushner has released details of four Russian contacts he had during and after the 2016 US presidential election during testimony given to the Senate intelligence committee.
Eurozone manufacturing and services PMIs decline but remains strong
Eurozone services and manufacturing sector growth remained strong in early July, though surveys on sectors were both slightly less than expected on Monday.