Economic News
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UK retailers finish lacklustre 2024 with 'minimal' growth
Tuesday 07 Jan 2025
(Sharecast News) - The UK retail sector experienced a lacklustre 2024, according to fresh data released on Tuesday, with total sales growth slowing down to 0.7% compared to the prior year. Read More
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HSBC appoints Lisa McGeough as US CEO
Monday 06 Jan 2025
(Sharecast News) - HSBC said on Monday that it has appointed Lisa McGeough as president and chief executive officer for the US, with effect from 1 January. Read More
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Nippon Steel, US Steel sue over Biden's blocking of $15bn deal
Monday 06 Jan 2025
(Sharecast News) - Nippon Steel and US Steel have filed a federal lawsuit in the United States, it emerged on Monday, contesting the Biden administration's decision to block a proposed $15bn acquisiti... Read More
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Trump aides said to be preparing more targeted tariffs
Monday 06 Jan 2025
(Sharecast News) - US President-elect Donald Trump's aides are reportedly exploring more targeted tariff plans. Read More
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UK service sector employment falls at fastest pace in nearly four years
Monday 06 Jan 2025
(Sharecast News) - Business activity in the UK barely grew in December, while employment in the service sector fell at its fastest pace in nearly four years, according to a survey released on Monday. Read More
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UK business confidence hammered by budget tax changes, says BCC
Monday 06 Jan 2025
(Sharecast News) - Proposed tax changes in the Autumn Budget have pushed business confidence to its lowest level in more than two years, according to the British Chambers of Commerce, with more than h... Read More
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China services sector expands in December
Monday 06 Jan 2025
(Sharecast News) - Activity in China's services sector grew in December at the fastest rate in seven months amid a jump in domestic demand, although foreign orders fell, according to a survey released... Read More
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UK retail footfall slumps as festive shopping season disappoints
Friday 03 Jan 2025
(Sharecast News) - Retail footfall in the UK slumped during the so-called Golden Quarter, capping a "disappointing year" for the bricks-and-mortar stores, according to the British Retail Consortium. Read More
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Tesla reports first-ever fall in annual deliveries
Thursday 02 Jan 2025
(Sharecast News) - Tesla reported a decline in annual deliveries for the first time in its history on Thursday, delivering 1.79 million vehicles in 2024 compared to 1.81 million in 2023. Read More
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UK manufacturing sector contracts with more pain ahead for producers
Thursday 02 Jan 2025
(Sharecast News) - Activity in the UK manufacturing sector contracted more than previously thought in December, according to revised estimates from S&P Global on Thursday, as output, new orders and em... Read More
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UK house prices rise, but stamp duty changes cloud outlook
Thursday 02 Jan 2025
(Sharecast News) - UK house prices inched closer to record highs in December, according to Nationwide, though the market is likely to see increased volatility over the next few months ahead of the int... Read More
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Japan factory activity contracts more slowly in December
Monday 30 Dec 2024
(Sharecast News) - Japan's factory activity contracted at a slower pace in December, suggesting the sector could be moving closer to stabilising after months of declines. Read More
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South Korean factory output falls further than anticipated
Monday 30 Dec 2024
(Sharecast News) - South Korea's factory output contracted more sharply than anticipated in November, reflecting mounting challenges from slowing exports and waning business confidence. Read More
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Inflation in Tokyo accelerates in December
Friday 27 Dec 2024
(Sharecast News) - Inflation in Tokyo accelerated in December, with core consumer prices rising 2.4% year-on-year, slightly below market expectations of 2.5%, according to government data released on ... Read More
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China industrial profits decline more slowly in November
Friday 27 Dec 2024
(Sharecast News) - China's industrial profits declined by 7.3% in November compared to a year earlier, a significant improvement from the 10% drop recorded in October, according to fresh data released... Read More
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More retailers in 'critical financial distress'
Friday 27 Dec 2024
(Sharecast News) - The number of UK retailers facing "critical" financial problems rose more than 25% in the last three months, according to data released earlier by restructuring firm Begbies Traynor... Read More
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Private sector outlook at lowest in over two years, CBI says
Monday 23 Dec 2024
(Sharecast News) - Private sector firms in the UK expect activity to fall in the first quarter of 2025, with expectations at their weakest levels in more than two years. Read More
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UK economy stagnates in third quarter
Monday 23 Dec 2024
(Sharecast News) - The UK economy stagnated in the third quarter of the year, according to figures released on Monday by the Office for National Statistics. Read More
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No cheer for retailers ahead of Christmas, says CBI
Friday 20 Dec 2024
(Sharecast News) - UK retailers were struggling to find any cheer in the run up to Christmas as sales fell amid worries over rising costs next year, according to the Confederation of British Industry. Read More
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UK retail sales rise less than expected in November
Friday 20 Dec 2024
(Sharecast News) - UK retail sales missed expectations in November, but borrowing figures came in better than expected, according to data released on Friday by the Office for National Statistics. Read More
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