LONDON - Britain's unemployment rate unexpectedly dropped in the three months to February, reviving speculation the Bank of England will start raising interest rates earlier than it has signalled.
Recent Business News
HONG KONG - China's CITIC Pacific has agreed to buy the main operating unit of its parent, state-backed CITIC Group, for $36.5 billion (21.7 billion pounds) in a stock and cash deal aimed at diversifying its metals and mining business.
BRUSSELS - A shock drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene should prices not rebound.
LONDON - British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.
ESSEN, Germany - Germany's RWE said it expected profits to stabilise beyond 2014, albeit at a lower level, as it targets customer-friendly products in an attempt to offset a decline in traditional power generation.
The housing recovery continues, albeit modestly. The S&P/Case-Shiller composite index of house prices in 20 metro areas rose 0.8% in January (seasonally adjusted), according to a report released yesterday.
- Gold: PRECIOUS-Gold steadies above $1,300, supported by Ukraine crisis
- Oil Report: UPDATE 2-RWE's net profit to stabilise at lower level, CEO says
- British Pound Report: Sterling marches towards recent peaks on buoyant UK data
- US Dollar Report: FOREX-Yen falls on Japan pension fund comments, sterling jumps