Stock markets rise after the US Federal Reserve decides to pump more money into the economy, but fears over the eurozone resurface as reports of Spanish bailout talks are denied.
Category Archives: business credit rating
UK construction down 10% on year
Activity in the UK construction sector was down 10.1% in the year to July, according to official figures.
Fresh stimulus for South Korea
South Korea unveils a fresh stimulus plan, its second in four days, in a bid to revive growth in its economy.
UK unemployment falls by 7,000
The number of people out of work fell by 7,000 to 2.59 million in the three months to July, according to the Office for National Statistics.
Wen: ‘Chinese economy on track’
China’s Premier, Wen Jiabao, tells the World Economic Forum in Tianjin that his country is on track to hit growth targets for this year.
Cable confirms business bank plan
Vince Cable confirms that the government is moving ahead with plans for a government-backed “business bank” to boost lending to UK firms.
China data raises growth concerns
China’s exports grow less-than-forecast and imports fall in August, adding to fears about a sharp slowdown in its economy.
Japan revises down growth numbers
Japan revises down its growth numbers for the second quarter, raising concerns about a slowdown in the world’s third-largest economy.
ECB bond plan strengthens euro
The euro reaches a two-month high against the US dollar as the European Central Bank’s bond-buying plans continue to please the markets.
US job growth misses expectations
The US economy created a lower-than-expected 96,000 jobs in August, official figures show, while the jobless rate fell to 8.1%.