Economic News

... Ernst & Young ITEM Club is forecasting GDP growth of just 1% next year after the UK grapples with rising inflation, falling property prices and the tightening of credit. The influential think...

... Figures from the Office for National Statistics have revealed that unemployment in the UK increased by 12,000 to 1.62 million in the 3 months to May. The figures are the worst for 16 years after the...

Daily Mail16 July 2008, 8:54am Stocks gyrated on both sides of the Atlantic in a traumatic session triggered by news of rising inflation and slumping economic growth. Tough times: US Federal Reserve chairman Ben Bernanke warns the economic outlook is getting darker WANT TO KNOW MORE? Inflation: why we must not follow the Fed OTHER STORIES Wolseley to axe 6000 jobs as profits crash Market report: Wednesday latest Yesterday’s trading: FTSE slumping towards 5, ...

Bill Condie, Evening Standard16 July 2008, 11:00am Vote The oil price continued its slide today amid deepening worries about the state of the US economy. Tough times: The oil price crashed $10 a barrel last night WANT TO KNOW MORE? Latest oil price and historic charts POLL: What will the price of oil be at the end of 2008? OTHER STORIES Wolseley to axe 6000 jobs as profits crash Market report: Wednesday latest Yesterday’s trading: FTSE slumping towards 5,000  ...

Geoff Foster, Daily Mail16 July 2008, 7:19am 'Five thousand here we come,' came the shout from depressed dealing rooms. Geoff Foster: Daily Mail WANT TO KNOW MORE? Market report: Tuesday close Newspaper and magazine share tips OTHER STORIES Newspaper and magazine share tips Market report: Wednesday latest Market report: Tuesday close Yesterday's trading: 'Daddy hedge' king of bears Market report: Monday close FTSE LATEST 5091.70-80.20 document.write ...

HONG KONG (XFN-ASIA) - Share prices closed slightly higher as investors, encouraged by a pullback in crude oil prices, picked up select stocks following the market's 4.5 pct slide over the previous two sessions. Trade was cautious ahead of economic data in China tomorrow, including June inflation and second-quarter GDP numbers, and quarterly results from major US banks in the coming days. China  ...

HONG KONG (Thomson Financial) - Hong Kong shares closed higher on Wednesday, snapping two days of losses, after the biggest single-day drop in oil prices in 17 years spurred bargain-hunting. "Investors were relieved after the price of oil fell last night, easing worries about the global economy going into a recession. Hopefully, the decline in oil prices will continue and crash to $100 a bar ...

HONG KONG (XFN-ASIA) - Share prices closed slightly higher as investors, encouraged by a pullback in crude oil prices, picked up select stocks following the market's 4.5 pct slide over the previous two sessions. Trade was cautious ahead of economic data in China tomorrow, including June inflation and second-quarter GDP numbers, and quarterly results from major US banks in the coming days. China  ...

BANGKOK, July 16 (Reuters) - The Bank of Thailand said on Wednesday it was ready to adjust its monetary policy if inflation accelerated further after the bank's first interest rate rise in two years, Assistant Governor Duangmanee Vongpradhip said. She said inflation would remain high despite the 25-basis-point rate increase, but the government's $1.4 billion stimulus package announced on Tuesday  ...

HONG KONG, July 16 (Reuters) - Hong Kong announced short-term measures on Wednesday to help lower income groups cope with rising prices as inflation surges across Asia, but said inflation pressure should ease in the medium term. The measures included free rent for public housing tenants for three months, subsidies for students, assistance for lower income groups to buy food and increased subsidie ...