Economic News
Online casino operators slapped with £4.5m penalties by Gambling Commission
The UK Gambling Commission issued penalty packages totalling £4. 5m to four companies on Wednesday as part of an ongoing investigation into money laundering and consumer safety in online casinos.
Don't rush to buy the dip in European cyclicals, says Barclays
Don’t rush to buy the dip in cyclical stocks, Barclays said in a European equity strategy note on Wednesday.
US industrial production extends slide in April, led by factories and utilities
Industrial output growth in the States missed forecasts by a wide margin last month as manufacturing added to a growing list of monthly declines.
Empire State manufacturing index hits six-month high
Manufacturing activity in the New York Fed’s jurisdiction unexpectedly improved in May, to a six-month high, according to data released on Wednesday.
Economists puzzled by unexpected dip in US retail sales for April
US retail sales dipped unexpectedly last month, amid weak outturns for those of motor vehicles and parts, electronics and building materials, leaving some economists scratching their heads given the recent strength in the closely-watched weekly retail sales surveys from Redbook.
Walmart 'seriously considering' Asda IPO
Supermarket chain Asda could be floated, staff were told on Wednesday, after the competition authorities derailed its proposed tie-up with rival J Sainsbury.
Chinese economy weakens as manufacturing, investment and retail sales all slow
China’s economy stumbled last month, as retail sales grew at their weakest pace for 16 years and industrial production fell sharply.
German economy revives in first quarter of 2019
Germany's economy bounced back as expected in the first quarter of 2019 as consumers spent more and construction and equipment activity increased.