By: Jake Cordell

I'm City A.M.'s economics reporter, looking at the news, stories and data that move markets in the UK, Europe and around the globe. I also cover broader developments in the business and political worlds at home and abroad.

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Eurozone growth rate halves in second quarter as GDP expands by 0.3 per cent

August 12, 2016

The Eurozone grew by 0.3 per cent in the second quarter of the year, as a slowdown in both France and Germany weighed on economic performance. The single currency bloc had surprised analysts with a bumper 0.6 per cent expansion in the first three months of the year, but zero growth in France and only [...]
Construction industry stumbles but don’t blame Brexit yet

August 12, 2016

The stumble in UK construction in the run-up to the referendum was worse than economists first feared, as housebuilding and property development fell back in the second quarter of the year. Construction output dropped by 0.9 per cent in June, according to figures released by the Office for National Statistics (ONS) this morning. The decline [...]
China’s slowdown intensifies with weak summer spending

August 12, 2016

China's economic rebalancing hit another speed bump this morning as fresh data came in below expectations. Growth in both the mighty industrial sector and consumer industries slipped back in July, highlighting the extent of China's struggle to maintain its breakneck expansion while also implementing structural reforms. This morning the National Bureau of Statistics said investment in fixed [...]
UK front of the queue for US foreign direct investment

August 12, 2016

British investment into the United States underpins more than one million jobs on the other side of the Atlantic, research has shown, highlighting the importance of the economic special relationship. Business group the CBI said the UK has retained its position as the single largest investor into the US, accounting for $449bn (£346bn) – or 15 per cent [...]
Banks scramble to get rid of €100bn in junk loans

August 11, 2016

European banks either sold or begun working on deals to dump more than €100bn of bad loans in the first half of the year. Research from Deloitte found EU lenders sold a total of €44bn in non-performing loans in the six months to end of June, with another €68bn of offloads in the pipeline. The [...]
Niesr: Employers in post-Brexit shock

August 11, 2016

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London’s night-time economy could be worth £43bn and an extra 115,000 jobs

August 11, 2016

Unlocking London’s night-time economy will deliver a £3bn boost to the capital and help protect London from the economic shock of Brexit, a new report has argued. Research published today said the introduction of the Night Tube, along with a relaxation of licensing laws and other tweaks to help Londoners make the most of the capital [...]
Will Mark Carney’s corporate bond-buying help UK companies?

August 11, 2016

Companies across the UK are bracing themselves for a shake-up to the way they raise cash on the corporate finance market as the Bank of England prepares to start buying private sector debt. Threadneedle Street will buy around £10bn of top-quality corporate bonds as part of its mission to help the UK avoid a recession [...]
Royal Bank of Scotland wins strong demand for first post-Brexit CoCo offer

August 11, 2016

The Royal Bank of Scotland (RBS) has raised an extra £2bn in emergency capital in the first round of fund raising for a UK lender since the EU referendum. The bank, which performed badly in the recent European Banking Authority (EBA) stress tests, has sold $2.65bn (£2bn) worth of "Contingent Convertible capital notes" – or CoCos – to build [...]
Quantitative easing bounces back with successful round of BoE bond-buying

August 10, 2016

The Bank of England's quantitative easing programme is back on track after its latest offer to buy government debt was massively oversubscribed. The Bank received offers from bond-holders to hand over more than £5.5bn worth of government coupons this afternoon – covering Threadneedle Street's daily £1.17bn budget by a factor of 4.7 to one. Officials will have [...]

Here we go again: Tube strikes to hit London from March to May

£9bn World Cup too big to be derailed by Middle East conflict, says Fifa chief

Aboard the Celebrity Cruises ship with Gwyneth Paltrow partnership

By: Jake Cordell

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