Press Association
Shadow Chancellor brands Sunak too weak to sack Braverman
Quotes from Shadow Chancellor Rachel Reeves discussing the future of Home Secretary Suella Braverman, the policing of upcoming Armistice Day protests, Labour's stance on the Middle East conflict and GDP figures
Press Association
Chancellor distances himself from Home Secretary's criticism of Met Police over protest
Chancellor Jeremy Hunt distanced himself from the comments made by Home Secretary Suella Braverman that police “play favourites” with pro-Palestinian marchers. He told reporters: “As many other Cabinet ministers have said, the words that...
Bloomberg
Seeing Steady Growth: Bernstein on US GDP Topping Estimates
Jared Bernstein, Chair of the White House Council of Economic Advisors, discusses the US GDP topping estimates and growing at 4.9% this past quarter, the fastest pace since 2021. He talks about whether or not he is ruling out a recession...
Bloomberg
Japan, US Stock Markets Preferred: Standard Chartered
Daniel Lam, head of equity strategy at Standard Chartered Wealth Management, explains why he favors Japan and US stock markets. He also discusses the outlook for China's economy and policies as the country is scheduled to announce it's...
Bloomberg
China's 3Q GDP Grows 4.9% Y/Y, Beating Forecasts
China's economy grew more than expected last quarter. Gross domestic product increased 4.9% year-on-year. Yvonne Man and Rishaad Salamat report on Bloomberg Television.
Bloomberg
Singapore GDP Beats Estimates; MAS Keeps Monetary Settings Steady
Singapore's economy expanded faster than expected in the third quarter. The central bank has kept monetary policy settings unchanged for a second straight meeting as core inflation wanes and economic growth concerns linger. The Monetary...
Bloomberg
China Mulls New Stimulus, Higher Deficit to Hit GDP Goal
Bloomberg has learned that China's government is prepares to unleash a new round of stimulus to help the economy meet its growth target, and is also considering raising its budget deficit. Stephen Engle reports on Bloomberg Television.
Bloomberg
Why Citi's Morse Sees Oil Falling to Low $70s in 2024
Ed Morse, global head of commodities research at Citigroup, explains his bearish call for Brent crude in 2024 on "Bloomberg Markets: The Close."
Bloomberg
US Core PCE Rises at Slowest Monthly Pace Since Late 2020
The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.1% in August, the slowest monthly pace since late 2020, while consumer spending and income both saw a gain of 0.4%....
Press Association
Politics daily briefing: September 29
Daily politics briefing, as the Institute for Fiscal Studies issues a report finding the taxes will rise to around 37% of national income by the time of the next general election.
Bloomberg
US Economy: 2Q Spending Slumps, GDP Unrevised at 2.1%
U.S. personal consumption was revised downward to 0.8% in the second quarter from a previous reading of 1.7% as economic growth rose at an unrevised 2.1 in the three months from April to June. Initial jobless claims increased slightly...
Bloomberg
How Africa's Economic Cure Became a Curse
Two decades ago, sub-Saharan Africa was the source of a lot of economic excitement. Growth was so rapid, incomes were rising and a middle class was emerging, the term Africa rising was born.
But for the past 10 years, the instability...
Bloomberg
UK Latest: Sharp GDP Decline Revives Risk of Recession
The UK economy shrank at the fastest pace in seven months in July as strikes and wet weather hit activity harder than expected, reviving fears that a recession may be under way. Mark Cudmore reports on Bloomberg Television.
Bloomberg
Fed Will Double 2023 GDP Forecast, TPW's Pelosky Says
TPW Advisory Principal and founder Jay Pelosky says his firm is bullish on the US economy, expecting the Federal Reserve to raise its GDP forecast for 2023 next week and sees "growth to continue to develop" in 2024. He speaks on...
Bloomberg
South Korea 2Q GDP Rises 0.6% Q/Q; Inflation Speeds Up in August
South Korea's economy expanded 0.6% last quarter from the previous three months, while inflation outstripped forecasts in August. David Ingles reports on Bloomberg Television.
Bloomberg
China Beige Book: Parts of Economy on Track for Rebound
Shehzad Qazi, managing director of China Beige Book International, discusses the state of the world's second-largest economy and its outlook. "Even as some financial media report of China's imminent collapse, China Beige Book's real-time...
Press Association
Politics daily briefing: August 21
All the latest political news in the UK, as analysis by Labour has found that private sector investment in Britain has fallen by £25 billion per year since the Conservatives came to power in 2010.
Bloomberg
Morgan Stanley Cuts China GDP Forecasts for 2023, 2024
"What we are watching is the fiscal policy response. And to the extent to which that has not been coming through, we had to bring in the growth numbers lower." Chetan Ahya, chief Asia economist at Morgan Stanley, explains why the bank...
Bloomberg
Banks Slash China Growth Forecasts as Data Disappoint
More banks across the globe including JPMorgan Chase & Co. and Japan's Mizuho Financial Group Inc. are joining the chorus in slashing their growth forecasts for China amid a slew of disappointing economic data. Meanwhile, China has...
Bloomberg
Japan's Economy Expands More Than Expected
Japan's economy expanded at an annualized pace of 6% in the second quarter, beating expectations and marking the strongest growth since the last quarter of 2020. Kathleen Hays reports on Bloomberg Television.
Bloomberg
UK Economy Surprise: Strongest Growth in More Than a Year
UK gross domestic product rose 0.2% from the first quarter, the biggest increase since the start of 2022, in a surprising show of resilience that will keep pressure on the Bank of England to raise rates further. Lizzy Burden reports on...
Bloomberg
Euro Zone Returns to Growth as Core Inflation Persists
The euro-area economy returned to growth in the second quarter as gross domestic product advanced by 0.3% from the previous three month, while underlying inflation pressures remained strong. Jana Randow reports on Bloomberg Television.
Bloomberg
Jared Bernstein on Bidenomics, Government Shutdown Concerns
Jared Bernstein, Chair of the Council of Economic Advisers, discusses Bidenomics and whether or not it will work if there is a potential government shutdown. He also talks about the Inflation Reduction Act and where the American people...
Bloomberg
Strong Data 'Troubling' for Fed, Vincent Reinhart Says
Dreyfus & Mellon Chief Economist and Macro Strategist Vincent Reinhart says the Federal Reserve is guiding toward a slower pace of policy firming, which "sounds like a committee that is, number one, divided and number two, pretty close...