Economic News
EU Council expands sanctions against North Korea
The European Union expanded its sanctions on North Korea as the back and forth between the US and Pyongyang escalated.
OPEC's largest member tips over oil production output even after cut agreement
Saudi Arabia, the Organization of the Petroleum Exporting Countries' largest producer, contributed to increased crude oil output from the cartel last month even as it tries to prod other countries into reining in their production in a bid to buoy prices.
Could China's military be pulling the strings in Pyongyang?
As investors try to divine what end-game the different players behind the recent heightened tensions around the Korean peninsula might have in mind, at least one broker mused aloud about the possibility that part of China's establishment, namely its military, might believe it has something to gain from the course of recent events.
UK GDP growth slips to 0.2% in July, NIESR expects improvement
Britain's economy slowed further in July on the back of weaker services sector activity, according to a closely-followed estimate of trends in the economy, although improvement was expected.
North Korea will be ready to fire at Guam by 'mid-August'
North Korea has said it is working on a plan to fire missiles in to the sea off the coast of Guam.
US factory gate prices slip in July
Retreating energy quotes saw price pressures at the factory gate dip unexpectedly last month, with an underlying measure possibly pointing to downside in the pipeline at the consumer price level, according to economists.
Weekly US jobless claims tick higher
The US jobs markets continued to tick along at a solid pace last week with just a very slight increase in the pace of layoffs.
Rising interests rates pose biggest threat to the global economy - Rogoff
Ken Rogoff, former chief economist of the International Monetary Fund (IMF) has warned that rising interest rates "threaten the global economy. ".
French industrial production misses forecasts in June
Industrial production in France surprised to the downside in June amid broad-based declines in all sectors.
UK foreign trade deficit widens unexpectedly in June
Britain's trade deficit with the rest of the world increased in June on the back of higher volumes of imported goods and services.
UK industrial production improves more than expected - ONS
UK industrial activity improved more than expected in June as manufacturing production and mining production improved.