GfK: German Consumer Confidence Higher

Munich, Germany

Record wages in the country boosted consumer spending. Consumer morale in Germany is showing positive signs as May draws to a close showing an optimistic shopper base on Wednesday’s survey that points to private consumption as a growth driver in Europe’s largest economy. Record-high employment rates that...

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BSI Bank

Switzerland Opens Criminal Case Against BSI Bank Whilst Singapore Withdraws Merchant Approval

BSI Bank is alleged to have been serious break of anti-money laundering requirements. Switzerland opens criminal proceedings against BSI over 1MDB dealings/...

Iran Oil

Iranian Officials Advise The Country Has No Plans To Freeze Oil Output

Iran is attempting to boost its oil production back to pre-sanction levels. Despite the call of the Organization of Petroleum Exporting Countries (OPEC)...

Homebuilder

U.S. Home Sales Go Up For Second Consecutive Month

The U.S. median house price was valued at $232,500. Home resales in the United States grew higher than expected during April as data suggests the economy...

Janet Yellen

Fed Surprises Investors With Potential June Rate Hike

Federal Reserve Chair, Janet Yellen. The U.S. Federal Reserve announced that it could raise interest rates in June with the economy’s continuous improvements...

Chinese Growth

China’s Attempt At Headline Growth Could Lead To Longer-Term Risks

Moody’s has set a growth forecast of 6.3 percent on China. According to a report by Moody’s Investor Services, attempts by China to delay headline...

Tokyo Skyline

Japanese Economy Expands In First Quarter

Most analysts expected the economy to contract based on previous data. The third largest economy in the world, Japan, grew at its fastest rate in a year...

British Commuters

Job Vacancies In The UK Drop By 9% In April

The drop in job openings is thought to be due to fears of Brexit and an increase in the UK’s national living wage. Job vacancies in Britain dropped...

Oil Field

Production Disruptions Increase Oil Prices

At 1304 GMT, Brent crude futures were up 2.5 percent to trade at $49.05 a barrel, an increase of $1.23. U.S. crude futures were trading at $47.44 a barrel...

Tata Steel

UK Manufacturing Experiences Slower-Than-Expected Growth

The UK steel and iron industry was the biggest contributor to the fall as production dropped by 37% in March compared to the prior year. The manufacturing...

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