Economic News
UK housing market subdued in July as sales and enquiries falter
Housing activity in the UK disappointed in July, with both sales and enquiries seeing a continued lack of momentum, according to a new survey.
Tillerson calms North Korea panic, says there is no 'imminent threat'
US secretary of state Rex Tillerson has swiftly moved to declare there is 'no imminent threat of war' with North Korea after President Donald Trump promised to meet Pyongyang with 'fire and fury' on Tuesday.
WTI little changed despite big drop in weekly US oil stockpiles
US crude oil stockpiles fell last week as refineries ramped up production and imports declined.
US labor costs rise more slowly than expected in second quarter
US labor productivity picked up during the second quarter of 2017, helping to keep a lid on unit labor costs.
Trump vows to respond to North Korean threats with 'fire and fury'
On Tuesday night, North Korean leader Kim Jong-un warned of potential attacks on the US airbase on the remote Pacific island of Guam after Donald Trump warned the leader that continued threats to America would result in a response of "fire and fury and frankly, power the likes of which the world has never seen. ".
BoE deputy warns of strain on regulation after Brexit
The Bank of England's ability to regulate the UK's financial sector will be put under strain as a result of Brexit, deputy governor Sam Woods warned on Wednesday.
President Zuma narrowly survives no-confidence vote, dashing traders' hopes
South Africa's president Jacob Zuma has narrowly survived the no-confidence vote against him in parliament on Tuesday, dashing the hopes of traders who had eyed up the rand so intensively yesterday on the possibility that it might surge against the dollar.
China CPI inflation slows in July, factory gate prices steady
The cost of living in China retreated last month as the rate of advance in non-food prices slowed to a seven-month low.