Economic News
BoE watches UK mortgage war 'like a hawk'
The Bank of England is watching the battle between UK mortgage lenders like a hawk, its chief supervisor said as he also warned about the growth of leveraged loans.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
US durable goods orders fall short of forecasts in April
Durable goods orders in the US dropped sharply last month, weighed down by falls in those for automobiles and parts, civilian aircraft and for telecommunications equipment, with some economists concluding that the data reinforced the argument for the Federal Reserve to cut rates.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
Tearful May says she will quit on June 7
A tearful Theresa May finally fell on her sword on Friday as she said she would quit office on June 7, having failed to secure agreement on her Brexit withdrawal deal.
Retail sales plunge in May, CBI survey shows
Retail sales fell in May at the fastest pace for 19 months as investment intentions hit a record low, the Confederation of British Industry said.
UK retail sales steady in April
UK retail sales were flat in April, according data released on Friday by the Office for National Statistics.