Global Economy

18 minutes ago US Iran envoy warns EU firms against non-dollar trade
European banks and companies that take part in a special European Union initiative to maintain trade with Iran would be at risk from US sanctions.
1 hour ago US import prices record largest rise since 5M
The costs of the US import rose in October, helped mainly by a surge in gas prices, data released on Thursday showed.
1 hour ago Credit conditions negative for Africa, mixed for ME - Moody's
Moody's expects Turkey to have significantly slower economic activity than before
1 hour ago US weekly jobless claims rise 2,000
US unemployment claims rose 2,000 week-on-week to 216,000 claims in the week ended 10 November, data released on Thursday revealed.
2 hours ago US retail sales rise 0.8% in October
Advance estimates indicated that US retailers saw a month-on-month sales growth in October, signalling that the strength of the country's economy sustained its strength.
2 hours ago Philippines hikes interest rate for 5th time to curb inflation
The Philippine central bank raised its key interest rate for a fifth consecutive meeting to the highest level since 2009, to rein in inflation.
2 hours ago Beijing outlines potential trade concessions to Washington – Report
Chinese officials have outlined possible concessions to the US administration as they continue to seek a resolution to the trade conflict.
3 hours ago UK Brexit minister, 3 others quit over draft divorce deal
Brexit Secretary Dominic Raab resigned along with three other ministers over UK Prime Minister Theresa May's handling of Brexit, sending the pound tumbling.
4 hours ago Henkel sales climb 1.1% in Q3, backs full-yr outlook
Henkel on Thursday posted a 1.1% year-on-year sales growth in the third quarter of 2018, driven by strong performance in its adhesives technologies business.
4 hours ago Updated UK retail sales dip 0.5% in October
Retail sales in the UK declined 0.5% month-on-month in October, the Office for National Statistics (ONS) said on Thursday.
5 hours ago Uber incurs $1bn losses in Q3 ahead of IPO
Uber Technologies Inc posted a loss of $1.07 billion during the third quarter of 2018, up from $891 million in Q3-17.
5 hours ago EU car sales fall in October on new emissions tests
Sales of new cars across the EU continued to decline in October after the introduction of new emissions tests over the summer period.
5 hours ago Eurozone trade surplus shrinks in September
Eurozone trade balance surplus came in at EUR 13.1 billion in September, down from EUR 25.3 billion in the same month last year.
12:14 PM China’s FDI rises 7.3% in October
Foreign direct investment in China rose 7.3% year-on-year in October, registering $9.7 billion, the Ministry of Commerce said on Thursday.
12:06 PM US economy remains strong but faces challenges – Fed head
Federal Reserve Chairman Jerome Powell said the US economy remained resilient, but it could face headwinds next year.
11:21 AM UK gov’t approves draft Brexit deal
UK Prime Minister Theresa May announced that the cabinet agreed to a draft deal on the country's departure from the European Union.
11:19 AM Oil falls early Thursday on oversupply fears, dim economic outlook
Oil dipped earlier on Thursday amid concerns that rising supply would go into a market where demand growth would lose momentum as economic outlook dimmed.
12:55 AM Oil begins recovery from losses
Nymex futures for December delivery rose by 56 cents
12:51 AM Natural gas records highest gain in a decade
The jump in prices is attributed to a steep decline in stockpiles
12:46 AM Gold settles higher at $1,210
The precious metal futures for December delivery rose by 0.7%
14 November 09:30 PM Growth in UK facing Brexit risks - IMF
The post-referendum depreciation caused an increase in inflation and depressing private consumption
14 November 06:37 PM C.banks need to weigh issuing cryptocurrency – IMF head
International Monetary Fund managing director Christine Lagarde said that central banks across the world should consider issuing digital currencies.
14 November 05:45 PM Ford, Walmart partner to design driverless vehicle delivery service
Ford would team up with Walmart and online delivery service Postmates to test a service for delivering goods like groceries that could use driverless vehicles
14 November 05:08 PM US inflation inches up 0.3% in October
The US consumer price index increased 0.2% in October after rising 0.1% in September, data released on Wednesday showed.
14 November 04:33 PM IEA hails market surplus return after OPEC output hike
The International Energy Agency welcomed the crude market's return to surplus as an output hike by the Organization of Petroleum Exporting Countries expands global inventories.