Economic News
IMF's Lipton warns of particularly slow global trade growth
A top International Monetary Fund official warned central banks that they should stand ready to help should economic growth slow even more rapidly.
US housebuilder sentiment improves a touch - NAHB
Sentiment among US housebuilders improved a touch in July, according to data released on Tuesday.
US industrial production flat in June despite jump in auto output
Levels of industrial activity in the US were unchanged last month, despite a sharp jump in auto production, held back in part by a large in drop in utilities' output.
US retail sales volumes jump, driven by auto and fashion sales
US retail sales volumes grew a tad more quickly than expected last month, boosted by sales of automobiles and food and beverage stores.
Sadiq Khan rejects Tulip tower plans for City of London
The mayor of London Sadiq Khan rejected plans to build a 300-metre skyscraper in the City of London that had been dubbed 'the Tulip' for not being “good enough”.
Pound tumbles on heightened Brexit fears
The pound took a hammering on Tuesday, falling to fresh lows against the dollar and euro on renewed fears that the UK will crash out of the European Union without a deal this autumn.
Eurozone trade surplus widens in May
The eurozone’s trade surplus with the rest of the world widened in May, official data published on Tuesday showed.
German investor morale deteriorates amid ongoing Sino-US trade spat
German investor sentiment deteriorated in July amid the ongoing trade spat between the US and China, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
UK wage growth hits 11-year high as jobless rate holds at record low
British wages are growing at their fastest rate for more than a decade, official figures showed on Tuesday.