LONDON, Jan 17 (Reuters) – British retailers had the fastest
annual sales growth in more than nine years last month,
confounding gloomy reports from many bigger chains and
offsetting some signs of weakness in other areas of the economy.
Sterling jumped and government bond prices tumbled after the
data, which was much stronger than expected. It revived
speculation about when the Bank of England might raise interest
LONDON (Reuters) – A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday.
As in the last few years, the United States looks set to the lead the way, with growth also quickening in Britain and Germany.
LONDON, Jan 6 (Reuters) – Service industry growth slowed
sharply in China as 2013 drew to a close but picked up across
most of Europe, suggesting still very uneven global economic
performance even as most signs point to a strengthening U.S.
Taken together with business surveys on manufacturing
published late last week, the data suggest that an onslaught of
global central bank stimulus has had some impact but is not
likely to halt any time soon.
LONDON, Jan 3 (Reuters) – The European Union’s blueprint to
close failing banks won’t be enough to break the pattern of euro
zone states haemorrhaging funds by propping up weak lenders, a
Reuters poll showed on Friday.
Hailed as “the final pillar” for a banking union by Germany,
last month’s deal aims to prevent bank failures from dragging
governments to the brink of bankruptcy, as happened in Ireland