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Pound Eases As U.K. Economy Shrinks More Than Expected

Pound Eases As U.K. Economy Shrinks More Than Expected

The pound retreated against its major counterparts in European deals on Thursday, as the UK economy contracted more than initially estimated in the third quarter, raising the risk of a recession.
RTTNews | 775 gün önce
Turkish Central Bank Holds Rates Unchanged, Erdogan Raises Minimum Wage By 55%

Turkish Central Bank Holds Rates Unchanged, Erdogan Raises Minimum Wage By 55%

Turkey's central bank left its key interest rates unchanged on Thursday after lowering them sharply over the past four meetings as President Recep Tayyip Erdogan in Ankara raised the monthly minimum wage by nearly 55 percent to support households reeling under the pressure of rising cost of living and sky-rocketing inflation.
RTTNews | 775 gün önce
UK Economy Headed For Long Recession? Revised GDP Fall Signals Hard Times Likely

UK Economy Headed For Long Recession? Revised GDP Fall Signals Hard Times Likely

The UK economy contracted more than estimated in the third quarter on downward revisions to industrial and construction output, vindicating the start of a long recession. The quarterly decline in gross domestic product was revised to -0.3 percent from -0.2 percent, revised data from the Office for National Statistics showed on Thursday.
RTTNews | 775 gün önce
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DAX Edges Higher In Holiday-thinned Trade

DAX Edges Higher In Holiday-thinned Trade

German stocks rose on Thursday after overnight data showed U.S. consumer confidence rose to an eight-month high in December on the back of declining inflation expectations and a strong labor market.
RTTNews | 775 gün önce

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