• Fed holds rates steady, expects portfolio cuts 'relatively soon'


    The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. REUTERS

  • Investment in UK fintech tops pre-Brexit levels in first half of 2017


    Over half a billion dollars were poured into British financial technology companies in the first half of 2017, over a third more than the same period last year, trade body Innovate Finance said on Wednesday, in the latest sign the fast-growing sector is so far weathering Brexit. REUTERS

  • IMF maintains global growth forecasts; China, Eurozone revised higher


    The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. In an updated World Economic Outlook published on Monday, the IMF said global gross domestic product would grow 3.5 percent in 2017 and 3.6 percent in 2018, unchanged from estimates issued in April. REUTERS

  • Eurozone preliminary July manufacturing PMI 56.8 vs 57.4 June


    The eurozone's purchasing managers' index for the manufacturing sector in July fell to a three month low of 56.8 from 57.4 in June while that for the services sector was unchanged at 55.4, according to preliminary data released by global information provider IHS Markit. RADIOCOR

  • Recovery proceeding but slow reforms


    The eurozone recovery is proceeding but delays to reforms are holding it back, European Central bank President Mario Draghi said Thursday. He said quantitative easing would continue until there was a "sustained" rise in prices. ANSA

  • Euro zone consumer confidence unexpectedly falls in July


    Euro zone consumer confidence unexpectedly fell in July after a sharp increase in the previous month, the European Commission said on Thursday. The EU executive said a flash estimate showed euro zone consumer morale fell by 0.4 points to -1.7. REUTERS

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