LONDON (Reuters) – Britain’s productivity returned to modest growth towards the end of last year, raising hopes that 2014 will bring an end to years of bafflingly low levels of output that have hindered the economic recovery.
Productivity on an output-per-hour basis was up 0.3 percent from October through December, reversing a 0.2 percent drop in the third quarter, and rose 0.7 percent on the year-ago period, the Office for National Statistics (ONS) said on Tuesday.
LONDON (Reuters) – Global regulators aim to crack two of the biggest barriers to ending “too big to fail” banks by the end of this year, Financial Stability Board Chairman Mark Carney said on Monday.
Regulators are putting in place a complex jigsaw of rules and mechanisms to wind down failed banks without the massive market fallout seen when Lehman Brothers went under in 2008.
Reuters poll also showed Brazil’s inflation will likely breach target ceiling during presidential election campaign, despite c.bank efforts
Brazil will raise interest rates by 25 bps to 11% next week, according to all 62 economists polled by Reuters. Most see another hike in May
LONDON (Reuters) – Germany joined Britain on Thursday in calling for European Union reforms that are fair to (EU) countries outside the euro zone, bolstering British Prime Minister David Cameron’s attempts to placate eurosceptics at home.
In a joint editorial in the Financial Times, British and German finance ministers George Osborne and Wolfgang Schaeuble said it was important that EU countries outside the euro zone – like Britain – are not disadvantaged by deeper integration of the currency union.