Economic News
UniCredit engages investment bankers in move to acquire Commerzbank
UniCredit engaged investment bankers Lazard and JP Morgan to advance a potential bid for German rival Commerzbank.
Investors braced for bumpy summer - Merrill survey
Investors are gearing up for a difficult run on global markets, according to a closely-watched fund manager survey published on Tuesday, with a record number taking out protection against potential losses.
UK faces risk of rising US-style inequality
Britain risks imitating the rise in inequality seen in the United States which could weaken democracy as differences in income, education and health rise, a Nobel Prize-winning economist said on Tuesday.
US small business optimism creeps forward in April
Small business optimism improved throughout the month of April, increasing by 1. 7 points to 103. 5, with one index component falling, another unchanged and the remaining eight improving.
Trump wages war of words after Beijing ups tariffs
Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.
Sino-US trade spat weighs on German business sentiment
German economic sentiment unexpectedly deteriorated in May as worries about trade relations between the US and China took their toll, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK labour market holds steady at historic high
The UK’s historic levels of employment continued to hold steady in the first quarter, with a record number of people in work.
Asian stock markets fall as Trump hardens stance against China
US President Donald Trump defended his decision to raise tariffs on China putting, keeping investors on edge and contributing to losses for Asian stocks on Tuesday.
Euro area industrial output dips in March
Euro area industrial production slipped in March with big falls seen in most of the single currency bloc's largest economies.