Economic News



Dow touches 26,000 for first time ever
Dow touches 26,000 for first time ever

The Dow Jones Industrial Average reached the 26,000-mark for the first time in history on Tuesday and other Wall Street major indexes rose as...

U.S. oil output is about to set historic maximum, which could change the international oil market
U.S. oil output is about to set historic maximum, which could change the international oil market

Booming shale oil production in the US is about to bring the country’s output above 10 mln barrels daily – beating the historic...

European shares climb on solid corporate data
European shares climb on solid corporate data

European stocks edged higher on Tuesday amid corporate trading updates and the euro’s decline. The pan-European STOXX 600 index rose 0.2...

Pound firms as UK inflation eases
Pound firms as UK inflation eases

Sterling was stable versus the dollar on Tuesday as investors assessed an update data on UK inflation which showed consumer prices increased 3% on...

German annual inflation slows to 1.7% in December
German annual inflation slows to 1.7% in December

In December 2017, consumer prices in Germany, calculated by national standards, increased by 1.7% compared to the same month in 2016, according to...

Xi Jinping urges U.S. to settle trade disputes
Xi Jinping urges U.S. to settle trade disputes

China's President Xi Jinping urged U.S. President Donald Trump to find a solution to the trade and economic disputes between their countries...

Citigroup discloses gender pay data
Citigroup discloses gender pay data

Citigroup Inc. became the first of the largest U.S. banks which have disclosed information about the differences in salaries between men and...

Number of international tourist arrivals rise 7% in 2017
Number of international tourist arrivals rise 7% in 2017

In 2017, the number of international tourist arrivals grew by 7% to 1.322 billion, according to to the UN World Tourism Organization (UNWTO). 

Euro firms on potential end of ECB's bond purchase scheme
Euro firms on potential end of ECB's bond purchase scheme

The euro traded at almost 3-year peak on increasing anticipations that the European Central Bank could could finish its bond purchase scheme. 

Asian stocks extend their best start to a year since 2006
Asian stocks extend their best start to a year since 2006

Asian stocks advanced on Tuesday, despite early moderate losses as rise in the consumer staples and technology shares offset a fall in...

Bitcoin firms above $13,000, Ripple dips
Bitcoin firms above $13,000, Ripple dips

Bitcoin was virtually flat on Monday, trading above the $13,000 mark, while Ripple prices declined. The bitcoin spot price ticked up 0.6% to...

Ford to invest $11 billion in electric cars by 2022
Ford to invest $11 billion in electric cars by 2022

Ford Motor Co. will invest $ 11 billion in the development of electric vehicles in the period until 2022 and already in 2020 intends to present a...

SoftBank could raise $18 bln from mobile phone business IPO
SoftBank could raise $18 bln from mobile phone business IPO

Japan's SoftBank Group Corp is considering the possibility of an initial public offering of shares of its mobile phone unit. The company aims...

Renault sales hit record level in 2017 - almost 3.8 million cars
Renault sales hit record level in 2017 - almost 3.8 million cars

In 2017, Renault sales rose to a record level, and the rate of increase in its sales surpassed the growth of the global automotive market. The...

Asked prices for London homes fall the biggest since onset of financial crisis
Asked prices for London homes fall the biggest since onset of financial crisis

The home prices that Londoners are looking to get for their houses dropped the biggest from the onset of the financial crisis this January, while...


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