Economic News
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China unveils £1.1bn stimulus package
Friday 08 Nov 2024
(Sharecast News) - China unveiled its latest stimulus package on Friday, as it looked to tackle surging levels of local government debt and revive the country's flagging economy. Read More
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Bank of England cuts interest rates
Thursday 07 Nov 2024
(Sharecast News) - The Bank of England trimmed interest rates on Thursday for the second time this year, as widely expected. Read More
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Sweden cuts rates, Norway stands pat
Thursday 07 Nov 2024
(Sharecast News) - Sweden's central bank cut interest rates on Thursday, while Norway left them on hold. Read More
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UK house prices tick up to record high in October - Halifax
Thursday 07 Nov 2024
(Sharecast News) - UK house prices ticked up to a record high in October as mortgages became more affordable, according to data released on Thursday by lender Halifax. Read More
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Eurozone producer prices fall in September
Wednesday 06 Nov 2024
(Sharecast News) - Producer prices eased in the Eurozone in September, official data showed on Wednesday, in line with expectations. Read More
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UK construction growth slows as housebuilding declines
Wednesday 06 Nov 2024
(Sharecast News) - Activity in the UK construction sector expanded for the eighth straight month in October, though growth eased from a two-year high as uncertainty delayed spending decisions ahead of... Read More
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Boeing workers agree pay deal, end strike
Tuesday 05 Nov 2024
(Sharecast News) - Boeing's workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contribut... Read More
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UK service-sector growth slows to 11-month low
Tuesday 05 Nov 2024
(Sharecast News) - Service-sector growth in the UK eased to its lowest level in nearly a year in October as heightened uncertainty ahead of the Autumn Budget delayed spending decisions, according to S... Read More
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CMA says Vodafone-Three merger could proceed with remedies
Tuesday 05 Nov 2024
(Sharecast News) - The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented s... Read More
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RBA holds rates as inflationary pressures persist
Tuesday 05 Nov 2024
(Sharecast News) - The Reserve Bank of Australia (RBA) held its cash rate steady at 4.35% for an eighth consecutive meeting on Tuesday, maintaining restrictive monetary policy as it continued to battl... Read More
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China's services sector grows more than expected - Caixin
Tuesday 05 Nov 2024
(Sharecast News) - Activity in China's services sector picked up more than expected in October, according to a survey released on Tuesday. Read More
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Retail sales growth disappoints in October
Tuesday 05 Nov 2024
(Sharecast News) - UK retail sales saw a modest increase in October, rising by 0.6% year-on-year, according to fresh data from the British Retail Consortium and KPMG on Tuesday. Read More
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Thames Water creditors seek support for £1.5bn rescue fund
Monday 04 Nov 2024
(Sharecast News) - A coalition of Thames Water's creditors was reported to be seeking additional investors to support a £1.5bn rescue fund on Monday, aimed at stabilising the troubled water utility an... Read More
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UK manufacturing sector contracts in October
Friday 01 Nov 2024
(Sharecast News) - UK manufacturing activity contracted in October ahead of the Budget, according to a survey released on Friday. Read More
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House price growth slows in October - Nationwide
Friday 01 Nov 2024
(Sharecast News) - UK house price growth slowed in October, according to figures released on Friday by Nationwide. Read More
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UK retail footfall eases in October - BRC
Friday 01 Nov 2024
(Sharecast News) - UK retail footfall declined in October, industry data showed on Friday, reversing much of September's surprise uplift. Read More
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BoJ keeps benchmark policy rate unchanged
Thursday 31 Oct 2024
(Sharecast News) - The Bank of Japan kept its benchmark policy rate unchanged on Thursday at 0.25%, as widely expected. Read More
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Chancellor unveils £40bn of tax rises in first Budget
Wednesday 30 Oct 2024
(Sharecast News) - Chancellor Rachel Reeves unveiled £40bn of tax rises on Wednesday, as she used her long-awaited first Budget to launch a scathing attack the previous government's fiscal record. Read More
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Eurozone GDP surprises on the upside
Wednesday 30 Oct 2024
(Sharecast News) - Eurozone economic growth accelerated in the third quarter, official data showed on Wednesday, beating expectations. Read More
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German economy unexpectedly expands in Q3
Wednesday 30 Oct 2024
(Sharecast News) - The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday. Read More
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