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The ECB will remain very cautious in unwinding its non-standard liquidity measures, particularly until the expiration of the 12-month refinancing operation, Governing Council member Christian Noyer said in an interview released Wednesday. Speaking to the French financial weekly l'AGEFI, the gove...

U.S. crude oil futures bounced higher on Wednesday after a government oil inventory report showed an unexpected drop in gasoline stockpiles and a smaller-than-expected build in crude stocks last week. The U.S. Energy Information Administration reported gasoline stocks fell 2.9 million barrels las...

The British economy is still growing despite a surge of disappointing economic data, a leading think-tank said today. The National Institute of Economic and Social Research (NIESR) said that GDP grew by 0.3 per cent between December and February, compared with the preceding three-month period. ...

Inventories at U.S. wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand. The 0.2 percent decline in the value of stockpiles followed a revised 1 percent decrease in the prior month, the Commerce Department said today in Washing...

U.K. factory production unexpectedly fell in January for the first time in five months, a sign manufacturing is struggling to shake off the recession. Factory output dropped 0.9 percent from December, the Office for National Statistics said today in London. Economists predicted a 0.2 percent inc...

Manufacturing output fell sharply in January, the first fall since August last year, with the cold weather hitting production, according to figures released by National Statistics Wednesday. Manufacturing output fell 0.9% on the month in January to stand 0.2% above levels a year earlier. This wa...

China said Wednesday its exports in February soared for the third straight month and at the fastest pace in three years, underlining the nation's position as the world's leading exporter. Overseas shipments grew 45.7 percent on-year last month to 94.5 billion dollars, the customs bureau said, cem...

The number of home loans plummeted by 7.9 per cent in January, the biggest fall since June 2000, as the market continues to slow after the phasing out of last year's First Home Buyers grant and interest rates increase. January's result follows a 5.5 per cent drop in December, the Australian Burea...

Japanese machinery orders fell in January, a sign that any pickup in capital spending is likely to be slow. Orders, an indicator of business investment in three to six months, declined 3.7 percent from December when they increased 20.1 percent, the most since August 2000, the Cabinet Office said...

The U.K. trade deficit unexpectedly swelled in January to the widest in 17 months as lower sales of chemicals and other commodities prompted a slump in exports. The goods-trade gap was 8 billion pounds ($12 billion), the most since August 2008, the Office for National Statistics said today in Lo...