The Commerce Department has today revealed the US economy grew by an annualised 1.9% in the January to March period – marginally higher than the previous estimate of 1.8%. On a quarterly basis, growth was up 0.58%. Today’s reading is the third and final for first quarter growth. Stubbornly high unemployment and a depressed housing [...]
Music, books, DVD and games retailer, HMV, has issued its third profits warning in as many months. It expects full-year pre-tax profits to be around £30 million – lower than the £38 million it estimated a month ago. The 90-year old retailer, which also owns Waterstone’s bookshops, in January said it was struggling to meet [...]
The Reserve Bank of Australia (RBA) has again elected to leave interest rates on hold at 4.5% after a series of aggressive rate hikes since October.
It is the third consecutive month in which rates have been at this level but economists say the central bank will only leave rates on hold for the short-term.
Australia [...]
Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis.
The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat.
The fall in June followed declines of 0.1% and 0.2% in April and [...]