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.

All 1029 Articles

Weak Chinese inflation points to more government stimulus

April 11, 2016

At the start of a data-heavy week for the Chinese economy, the latest inflation figures, released this morning, provided few clues about the health of the world’s second largest economy. Prices for Chinese households grew by 2.3 per cent on the consumer prices index (CPI) measure of inflation over the 12 months to March, “a [...]
City workers warned over looming job losses, bonus cuts, and hard times in the square mile

April 11, 2016

Workers in the square mile should brace for deep cuts to both bonuses and jobs with economists warning that faltering deals, stalled IPOs and market difficulties will take an extreme toll on the City over the coming months. No fewer than five separate bodies have issued downbeat forecasts about the state of London's dominant banking [...]
IMF: Global economy needs negative interest rates, despite massive side effects

April 10, 2016

Negative interest rates are the right policy for the world economy, the International Monetary Fund (IMF) has said, though it has warned central bankers and policymakers to stay vigilant about the potential for the “unprecedented” policy to cause significant side effects. A study published ahead of the IMF’s spring meeting in Washington DC alongside the [...]
Bank of England set to keep interest rates at 0.5 per cent – again – this week

April 10, 2016

The Bank of England will keep interest rates on hold for the 85th month in a row when it meets on Thursday, economists and analysts have predicted. Interest rates, which are set by the nine-strong Monetary Policy Committee (MPC), made up of governor Mark Carney, a number of senior Bank officials and some external figures, [...]
Panama Papers: David Cameron did nothing wrong, says City grandee

April 10, 2016

David Cameron acted with the “utmost financial probity” over his use of an offshore investment fund, Blairmore Holdings, established by his father and exposed in the Panama Papers revelations, according to City grandee, David Buik. The prime minister has been embroiled in the scandal after it emerged that he held shares in the company between [...]
FTSE 100 closes at a new 2016 high after commodities rally

April 8, 2016

The FTSE 100 caught the Friday feeling today, closing at a high for the year after bouncing off some upbeat commodities stocks. The bluechip index clocked out for the week at 6,204, up 1.1 per cent and its highest close since jolly New Year's Eve traders-cum-revellers saw it hit 6,242 on the final day of last [...]
Want to talk to a random Swede? There’s an app for that

April 8, 2016

Sweden has become the first country to launch its own phone number, allowing people from anywhere in the world to pick up the phone and be connected to a random Swede in a matter of seconds. In its latest PR stunt, the country’s tourism board has recruited thousands of Swedish volunteers to answer phones day [...]
Employees lose a staggering amount of time due to stress – here’s how much

April 8, 2016

Ever feel like stress, anxiety and bottomless to do lists stop you from doing your best at work? It would appear you’re not alone. Vitality, the health insurers, and the University of Cambridge asked more than 32,000 employees about the impact work-related stress has on their ability to get work done in order to find [...]
Bank of England insider appointed new chief executive of the Prudential Regulation Authority (PRA)

April 8, 2016

Sam Woods has been appointed the new chief executive of the Prudential Regulation Authority (PRA), the Bank of England announced this afternoon. Woods, who is currently executive director for the Bank's insurance division, will take over from the outgoing Andrew Bailey on 1 July 2016, and will have ultimate responsibility for supervising banks, building societies, insurers and investment [...]
Niesr: GDP growth set to shrivel this year as a smaller manufacturing sector weighs on UK economy

April 8, 2016

Britain’s economy is growing at its slowest pace since 2012, according to the latest estimates of GDP from the National Institute of Economic and Social Research (Niesr). Niesr estimated that the UK economy grew by just 0.3 per cent in the first quarter of 2016 – a marked slowdown from the 0.6 per cent growth clocked [...]

Developers shrink Silk Street plans to dodge objections

Ukraine invasion anniversary prompts fresh Russia Paralympics ban calls

Inside Sarah Ferguson’s £100k-a-week rehab with lakeside apartment and round-the-clock therapy

By: Jake Cordell

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