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Author Archives: Top News Editor

UK Budget Logs Biggest June Deficit In 4 Years

The UK budget deficit widened to the highest June level in four years on bigger government spending, the Office for National Statistics reported Friday. Public sector net borrowing excluding public sector banks rose by GBP 3.8 billion from the previous ...

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Dollar Extends Weakness

The U.S. dollar stayed weak on Thursday, losing ground for a second successive session on expectations the Federal Reserve will cut interest rate later this month. Read Full Story

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U.S. Leading Economic Index Unexpectedly Drops 0.3% In June

Reflecting weaknesses in new orders for manufacturing, housing permits, and unemployment insurance claims, the Conference Board released a report on Thursday showing an unexpected decrease by its index of leading U.S. economic indicators in the month of June. The Conference ...

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U.S. Weekly Jobless Claims Rise In Line With Estimates

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits increased in line with economist estimates in the week ended July 13th. The report said initial jobless claims inched up to 216,000, an increase ...

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UK Retail Sales Recover Unexpectedly In June

UK retail sales recovered unexpectedly in June suggesting that wage growth boosted household spending at the end of the second quarter, data from the Office for National Statistics revealed Thursday. After falling for two straight months, retail sales volume increased ...

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