Economic News
NIESR cuts UK growth forecast and calls on Hammond to ease austerity
One of Britain's leading economic think tanks has reduced its forecast for economic growth and called on the chancellor to relax fiscal austerity where possible in next month's budget.
Bitcoin hits record after CME unveils plans for futures contract
Bitcoin prices set a fresh record higher after the Chicago Mercantile Exchange unveiled plans to launch futures on the crypto-currency before the year was out.
Wednesday preview: Next update, FOMC statement, manufacturing data
Economic data on both sides of the pond, results from the likes of Next and a parliamentary hearing on post-Brexit trade are likely to be the main financial focus on Wednesday, with no action expected from the Federal Reserve.
Kibo Mining CEO Louis Coetzee to discuss energy situation in Africa at One Belt Road summit
The CEO of Kibo Mining, Louis Coetzee, is expected to present at the One Belt Road [OBOR] summit in Beijing this week, the multi-asset resource, development and energy company announced on Tuesday, to highlight the critical energy situation in Southern Africa and the development of the Tanzania-based Mbeya Coal to Power Project.
US consumer confidence at highest since 2000, Conference Board says
US consumer confidence shot higher in October, led by a particularly large improvement in expectations, reaching its highest level since 2000, the results of a widely-followed survey showed.
Chicago PMI hits six-and-a-half year high in October
Economic activity in the Chicago area unexpectedly picked up in October, according to data released on Tuesday.
Support for independence jumps, Catalan government poll shows
The percentage of Catalans who now support independence for the region has shot higher in the last few months, according to a poll conducted by the regional government.
Ofgem says energy market competition weak, prices too high
Competition for household energy customers is weak and high prices paid by vulnerable people is unacceptable, the industry regulator said.
Puigdemont rejects claims he is seeking political asylum in Belgium
Former Catalan president Carles Puigdemont has denied he travelled to Brussels in order to seek political asylum in Belgium.
US house price growth accelerates in August - S&P/Case-Shiller
US house price growth accelerated in August, albeit a little less than expected, according to the S&P/Case-Shiller National Home Price Index.
Wage pressures push US employment costs slightly higher in the third quarter
Labor cost growth in the US accelerated slightly during the third quarter as both workers' wages and benefits increased, especially the former.
Brexit may lead to exodus of 75,000 finance jobs, BoE warns
As many as 75,000 jobs in the UK’s financial sector could be lost as a result of Brexit, officials at the Bank of England have reportedly warned.
Official China PMI slows in October amid environmental crackdown
China's economy slowed down in October, according to the results of two 'official' surveys.
UK consumer confidence slips lower - GfK
UK consumer confidence about the economy worsened in October, a long-running survey revealed on Tuesday ahead of big decisions from the Bank of England later this week, the Budget next month and ongoing Brexit negotiations.
Eurozone Q3 GDP beats expectations, September unemployment rate lowest since 2009
The eurozone economy grew more than expected in the third quarter, while the unemployment rate unexpectedly fell last month, according to preliminary figures released by Eurostat.