Bank of England Holds Rate and Says Inflation Rise May Slow in 2017 The Bank of England kept its key interest rate at a record low...
U.K. Retail Sales Unexpectedly Rise in November U.K. retail sales surprisingly rose in November as Black Friday discounts encourage consumer spending on electronics and household goods....
Euro-Area Maintains Momentum as Weaker Currency Boosts Business Activities The euro-area economy maintained its growth momentum in December, after data showed signs of a pickup in...
Eurozone Suspends Short-Term Debt Relief for Greece Amid Growing Friction Greece’s European creditors suspended proposed debt-relief measures for the country after the Greek government surprised them...
Australia’s Unemployment Rate Rises in November The Australian unemployment rate jumped 5.7 percent in November, following worst third quarter economic contraction since the global financial crisis....
Air Passengers Stranded as Aviation Fuel Scarcity Bites Harder Nationwide Air passengers in Nigeria are stranded at airports nationwide, as airline operators jostle for aviation fuel,...
US Federal Reserve Raises Interest Rates By 25 Basis Points The Federal Open Market Committee (FOMC) on Wednesday confirmed the popular prediction of the US economic improvement...
South Africa’s Steinhoff and Shoprite to Form Retail Giant South African retail giants Steinhoff International and supermarket group Shoprite Holding Wednesday said they were in talks...
U.S. Retail Sales Slow in November Retail sales in the U.S. slowed in November, suggesting caution in consumer spending during election month and Black Friday. Sales...
Supply Cuts Won’t Re-Balance Market Until Second Half OPEC said its agreement to cut production, while speeding up the re-balancing of the global oil market, won’t...
