Press Association
Shadow Chancellor brands Sunak too weak to sack Braverman
Quotes from Shadow Chancellor Rachel Reeves discussing the future of Home Secretary Suella Braverman, the policing of upcoming Armistice Day protests, Labour's stance on the Middle East conflict and GDP figures
Bloomberg
China's 3Q GDP Grows 4.9% Y/Y, Beating Forecasts
China's economy grew more than expected last quarter. Gross domestic product increased 4.9% year-on-year. Yvonne Man and Rishaad Salamat report on Bloomberg Television.
Bloomberg
Singapore GDP Beats Estimates; MAS Keeps Monetary Settings Steady
Singapore's economy expanded faster than expected in the third quarter. The central bank has kept monetary policy settings unchanged for a second straight meeting as core inflation wanes and economic growth concerns linger. The Monetary...
Bloomberg
China Mulls New Stimulus, Higher Deficit to Hit GDP Goal
Bloomberg has learned that China's government is prepares to unleash a new round of stimulus to help the economy meet its growth target, and is also considering raising its budget deficit. Stephen Engle reports on Bloomberg Television.
Bloomberg
Why Citi's Morse Sees Oil Falling to Low $70s in 2024
Ed Morse, global head of commodities research at Citigroup, explains his bearish call for Brent crude in 2024 on "Bloomberg Markets: The Close."
Bloomberg
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August, the slowest monthly pace since late 2020, while consumer spending and income both saw a gain of 0.4%....
Press Association
Politics daily briefing: September 29
Daily politics briefing, as the Institute for Fiscal Studies issues a report finding the taxes will rise to around 37% of national income by the time of the next general election.
Bloomberg
US Economy: 2Q Spending Slumps, GDP Unrevised at 2.1%
U.S. personal consumption was revised downward to 0.8% in the second quarter from a previous reading of 1.7% as economic growth rose at an unrevised 2.1 in the three months from April to June. Initial jobless claims increased slightly...
Bloomberg
UK Latest: Sharp GDP Decline Revives Risk of Recession
The UK economy shrank at the fastest pace in seven months in July as strikes and wet weather hit activity harder than expected, reviving fears that a recession may be under way. Mark Cudmore reports on Bloomberg Television.
Bloomberg
Fed Will Double 2023 GDP Forecast, TPW's Pelosky Says
TPW Advisory Principal and founder Jay Pelosky says his firm is bullish on the US economy, expecting the Federal Reserve to raise its GDP forecast for 2023 next week and sees "growth to continue to develop" in 2024. He speaks on...
Bloomberg
South Korea 2Q GDP Rises 0.6% Q/Q; Inflation Speeds Up in August
South Korea's economy expanded 0.6% last quarter from the previous three months, while inflation outstripped forecasts in August. David Ingles reports on Bloomberg Television.
Press Association
Politics daily briefing: August 21
All the latest political news in the UK, as analysis by Labour has found that private sector investment in Britain has fallen by £25 billion per year since the Conservatives came to power in 2010.
Bloomberg
Morgan Stanley Cuts China GDP Forecasts for 2023, 2024
"What we are watching is the fiscal policy response. And to the extent to which that has not been coming through, we had to bring in the growth numbers lower." Chetan Ahya, chief Asia economist at Morgan Stanley, explains why the bank...
Bloomberg
Japan's Economy Expands More Than Expected
Japan's economy expanded at an annualized pace of 6% in the second quarter, beating expectations and marking the strongest growth since the last quarter of 2020. Kathleen Hays reports on Bloomberg Television.
Bloomberg
UK Economy Surprise: Strongest Growth in More Than a Year
UK gross domestic product rose 0.2% from the first quarter, the biggest increase since the start of 2022, in a surprising show of resilience that will keep pressure on the Bank of England to raise rates further. Lizzy Burden reports on...
Bloomberg
Euro Zone Returns to Growth as Core Inflation Persists
The euro-area economy returned to growth in the second quarter as gross domestic product advanced by 0.3% from the previous three month, while underlying inflation pressures remained strong. Jana Randow reports on Bloomberg Television.
Bloomberg
US GDP Growth Unexpectedly Rose in Second Quarter
Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months. US jobless claims fell further and the core PCE price index was below expectations. Mike McKee has the numbers on "Bloomberg...
Bloomberg
Jobless Claims Down Most Since 2021, GDP Revised to 2%
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24 according to the Labor Department's report. First-quarter US GDP was revised up to 2%. Mike McKee reports on "Bloomberg Surveillance."
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Bloomberg
MacGuineas on Warnings of Fiscal Crisis Risks
President for the Committee for a Responsible Federal Budget, Maya MacGuineas, gives her insight on the latest analysis by the Congressional Budget Office saying Speaker McCarthy and President Biden won't be able to avoid a long-term...
Bloomberg
UK Economy Sees Strong Growth in April Bounce Back
UK gross domestic product rose 0.2% after a 0.3% decline in March, as strong growth in the retail and creative industries sectors offset a slowdown in construction and manufacturing. Bloomberg Economics' Dan Hanson has more on Bloomberg...
Bloomberg
Pakistan Targets Higher GDP Growth
Pakistan's government is targeting higher GDP growth in the next financial year. This comes as the country plans to ramp up spending. Faseeh Mangi reports on Bloomberg Television.
Bloomberg
Economists Trim China GDP Forecasts, See RRR Cut Sooner
Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio...
Bloomberg
China Economy 'Trending the Right Way,' Tribeca Says
Jun Bei Liu, portfolio manager at Tribeca Investment Partners, discusses the outlook for China's economy, policies and the implications for investors. She speaks with Haidi Stroud-Watt and Shery Ahn on "Bloomberg Daybreak: Asia."
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Bloomberg
Saudi Arabia: Fiscal Expansion to Balance Out Fed Hikes
Saudi Arabia says it will rely on fiscal loosening to balance out the tight monetary policy imported from the US Federal Reserve. Minister of Economy and Planning Faisal bin Fadhil Alibrahim told Bloomberg's Matthew Martin that the...