The UK economy expanded at its slowest annual rate in six years in 2018 after a sharp contraction in December. Growth in the year was 1.4%, down from 1.8% in 2017 and the slowest rate since 2012, the Office for National Statistics (ONS) said.
Long-suffering savers have seen little return on their money for years – so any rise in interest rates is likely to bring some good news.
The ECB announced that its bond-buying program will cease at the end of this year, something that had been expected by most in financial markets.
The European Central Bank (ECB) has confirmed it will end a huge programme to stimulate the eurozone economy in December.
Sections of the UK car industry face extinction unless the UK stays in the EU customs union, the president of the CBI has said.
The Australian economy has gone without a recession for 26 straight years and is still going strong, but the same can’t be said about the performance of its currency. Official data on Wednesday pointed to Australia starting 2018 on a strong note: Its gross domestic product expanded by 3.1 percent year-over-year in the first quarter, handily beating forecasts and avoiding a recession yet again. The Australian dollar rose 0.67 percent against the greenback after the GDP data release to 0.7666 per U.S. dollar – its strongest in more than a month. However, the currency is still down by 1.76 percent since the start of the year and 5.46 percent off its highest level in 2018 that […]
Central bankers gathered in Berlin Wednesday confirmed the European Central Bank (ECB) is set to finally discuss the end of its massive bond-buying program – something that its President Mario Draghi has so far refused to do.
The spectre of a disorderly Brexit is holding back the British economy from a full recovery after a heavy snowfall earlier this year.
Oil prices were mixed in early Asian trading on Tuesday, but remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply.
The administration’s push to reach an agreement on ZTE has been a major piece of its trade negotiations with China, which are expected to pick up in earnest when Ross heads to China June 2 through June 4.
