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U.K. construction output fell to its lowest level in more than 14 years in the first quarter as work on new building projects declined across the industry.
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Slovenia’s bonds gained for a third day after the government’s $3.5 billion bond sale eased concern that the Adriatic nation will be forced to ask for a bailout.
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European Central Bank President Mario Draghi is signalling he may go negative in his campaign to rescue the euro-area economy.
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Herbert Crockett called Cairo, Geneva and New Delhi home in his four decades as a human resources executive with the World Health Organization. The Prince Edward Island native invested closer to his roots in 2005.
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The Bank of England officially takes on powers to regulate the financial industry this week, marking another step in one of the biggest revamps of the institution in its three centuries.
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Bank of England officials will probably discuss the threat of a triple-dip recession today and prepare to sit on their hands as a looming change of governor overshadows the remainder of Mervyn King’s term.
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China’s manufacturing grew at the fastest pace in two years and euro-area services and factory output shrank less than economists forecast in surveys for January, adding to signs of resilience in the global economy.
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RBC Capital Markets hired Jens Larsen as chief European economist in London, the bank said in an e-mailed statement today.
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Mark Carney’s quest for “escape velocity” takes off in the U.K. this week.
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Bank of England Governor Mervyn King is preparing for tough questions on why policy makers halted its bond-purchase program at a time when the economy’s recovery isn’t yet assured.
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