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Economy BBC

Weaker dollar hits world markets
European and Asian stock markets close sharply lower on Friday, hit by the weaker dollar and fresh inflation fears.

Surprise fall in US trade deficit
Record exports to China help produce a surprise fall in the US trade deficit for March, hitting its lowest level in six months.

China April trade surplus trimmed
China's trade surplus slips slightly in April, but pressures from the US on its currency remain.

EU and Americas agree closer ties
European Union and Latin American leaders agree to build closer ties after a summit dogged by energy concerns.

US tax vote halts EU trade threat
The US votes to end corporate tax breaks for some of its biggest firms including Boeing and Microsoft, heading off billion-dollar EU sanctions.

High Street woe as web sales rise
High Street stores will lose market share to their online rivals as more households get broadband, a report says.

Weak retail figures hit US shares
US retail sales missed targets in April as consumers reined in spending amid high fuel costs, sending stocks sharply down.

Eurozone growth picking up pace
Growth in the 12 nations sharing the single European currency picks up in the first three months of this year.


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