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Economy BBC

Economy faces bumpier time - King
The world economy faces risks but inflation is not a "serious concern" yet, the Bank of England's Mervyn King says.

US budget deficit higher in May
The US federal deficit exceeds forecasts in May but the shortfall for the current year is well below last year.

EU 'backs Mandelson at WTO talks'
Peter Mandelson, the EU trade boss, has the 'full support' of member states at world trade talks, his office says.

China trade surplus at fresh high
China reports a new record monthly trade surplus of $13bn in May, as its economy continues its rapid growth.

Japan upgrades economic growth
Japan's economy grew faster than previously stated in the first quarter of 2006, evidence of a gathering recovery.

House prices showing spring spurt
House prices rose in April, the Department for Communities and Local Government (DCLG) statistics says.

FTSE firms 'will keep UK rules'
UK firms will not have to meet US listing rules if the London Stock Exchange is bought by a US rival, UK regulators say.

BP boss says oil prices will fall
Lord Browne, the chief executive of BP, sees oil prices falling from near-record levels as more crude is found.


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