U.K. mortgage approvals fall in March

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Source: RTT News
Mortgage approvals in the United Kingdom decreased in March falling by more than originally projected and towards the weakest level in a six-year period, the latest report published by the Bank of England showed on Thursday. According to the report, the U.K. home loan approvals fell from February's level of 69,592 to 67,132 in the following month.

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Thu, 01 May 2014 14:57:03 GMT

U.S. personal income and spending both advance in March

Personal spending and income in the world's largest economy both increased in March rising by more than initially estimated, a data published by the Commerce Department showed on Thursday. According to the data, the U.S. personal spending added 0.4% in the month of March following a 0.3% gain February, whereas the personal income rose by 0.5% in March.

Thu, 01 May 2014 14:35:04 GMT

The U.S. Fed cuts its monthly purchase to $45 billion

The central bank of the world's largest economy decided to cut its monetary easing program on the policy meeting on Thursday and it may continue to reduce monthly purchases as the economy improves, a report released after the meeting showed today. The U.S. Federal Reserve reduced the size from $55 billion a month to $45 billion.

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