Pages

Tuesday, February 20, 2018

UK factory order growth hits four-month low; German economic confidence falls – business live

All the day’s economic and financial news, including the latest healthcheck on Britain’s manufacturing base * Latest: UK manufacturing order growth slows * German economic confidence dropped this month * Pound bounces back after Brexit report * Sterling hit by Brexit jitters 12.20pm GMT GREECE CAME AWAY EMPTY HANDED FROM LAST NIGHT GATHERING OF EURO ZONE FINANCE MINISTERS. Though Greece failed to win the approval of fresh loans at the meeting, Mario Ceneco, the eurogroup chief, was fulsome in his praise for the country. Athens, he said, had made huge strides in implementing requisite reforms. The two ‘prior actions’ that had not been enforced – electronic auctions of foreclosed properties, a testy issue that the Greek finance minister Euclid Tsakalotos is believed to have clashed over with ECB president Mario Draghi at the meeting and privatization of Athens’ old international airport – were “outside the control of the government”. 11.37am GMT HERE’S EY’S HOWARD ARCHER ON THE SLOWDOWN IN UK FACTORY ORDERS: Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com