Economic News
US services PMI shows sector still growing at brisk pace in April - ISM
America's services sector continued to grow at a brisk pace last month, stoked by strong demand across sectors, the results of a closely-followed survey revealed.
US private payrolls grow by 742,000 in April
US private payrolls grew in April, with firms rallying to hike production amid a surge in demand.
Russia seeks additional fines against Twitter over banned content
Moscow is seeking additional fines worth $321,586 from Twitter for failing to remove content banned in the country fast enough.
Fed's Yellen says she is neither predicting nor recommending interest rate hikes
The head of the US Treasury issued a clarification of her earlier remarks on interest rates.
Supermarket shoppers return to stores as lockdown eases
Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Asset purchases not creating financial imbalances, Fed's Williams tells WSJ
A top US central bank official gave short shrift to the supposed need for the Federal Reserve to begin dialing back on its asset purchases.
Almost 20m more people affected by food crises in 2020
Almost 20m more people have been affected by food crises in 2020 triggered by armed conflicts, weather disasters and the Covid-19 pandemic, revealed the latest report from the Global Network Against Food Crises (GNAFC).
UK car sales rocket as showrooms reopen
New car registrations motored ahead in April, industry data showed on Wednesday, as showrooms reopened and customers returned.
Eurozone begins to pull out of recession - PMI
Business activity in the eurozone rose in April, suggesting the currency zone's economy began to recover after shrinking in the first quarter.
Ikea UK set to buy back furniture in new recycling scheme
Ikea UK is launching a plan to buy back unwanted furniture from customers to resell it and reduce its impact on the environment.
Shopper numbers ease as cold weather keeps people indoors
Cooler temperatures and rain dampened footfall on British high streets last week, industry data showed on Tuesday.
Mortgage borrowing surges to record high - BoE
Mortgage borrowing surged to an all-time high in March, official data showed on Tuesday, as the UK property market continued to boom.
Manufacturing sector hits 27-year high despite supply crunch
The UK manufacturing sector surged in April, a closely-watched industry survey showed on Tuesday, but disruptions to the supply chain continued to cast a shadow.
Relaxed Covid-19 rules in Madrid could be key to regional election result - GAD3
Voters in Madrid are likely to re-elect current conservative governor, Isabel DÃaz Ayuso, in Tuesday’s election due n part to the relaxed mobility rules that she implemented in the city, the most recent polls showed.
EU nations push for Valneva Covid-19 vaccine approval
Some countries from the European Union, including France and Germany, are pushing Brussels to strike a deal to buy Valneva's Covid-19 vaccine candidate despite a recent setback in talks.
US consumer confidence continues strengthening in April
Americans were more confident in April thanks to the growing belief that the upward momentum in jobs and incomes would persist. the results of a closely-followed survey revealed.
Chicago factory PMI at near four-decade high in April
Manufacturing sector activity in the Chicago area accelerated at its quickest pace for nearly four decades in April, the results of a closely-followed survey revealed.
German Q1 GDP hit by VAT tax hike, Covid-19 restrictions
Germany's economy fell back into contraction at the start of 2021, weighed down by the hit to construction and services from a value-added tax hike in January.
Ripple boss says US needs regulatory clarity on cryptocurrency
Ripple chief executive officer Brad Garlinghouse said there is a lack of clarity in US regulations on cryptocurrencies.
UK house prices rise most since 2004 in April, Nationwide says
House prices are surging back in the UK and the pace is set to pick up further in coming months, the results of a closely-followed survey revealed.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.