Bloomberg An English spa town and two coastal areas saw the biggest house-price increases in the UK in 2017, outstripping gains in London’s hotspots. Cheltenham in southwest England saw a 13 percent jump in prices in 2017, almost five times the national increase of 2.7 percent, Bank of Scotland Plc’s Halifax division said. The average house in the town, famous ...

Bloomberg UK manufacturing growth slowed more than forecast in December, retreating from a four-year high. IHS Markit’s Purchasing Managers Index for the industry slid to 56.3, below the median estimate of economists for a reading of 57.9. Still, that pace of expansion left the quarterly average at the highest since 2014. “Expansion remained comfortably above long-term trend rates,” said Rob ...

Bloomberg Maserati North America Inc. is recalling more than 1,000 of its newest luxury cars to fix leaky fuel pipes that increase the potential for an engine fire. The 2018 Ghibli and Quattroporte sedans—with prices starting at $73,050 and $105,600, respectively—have a faulty fuel delivery pipe in the engine compartment that may leak gasoline, the company said. The cars haven’t ...

Bloomberg The UK will make new coins this year to celebrate the 200th anniversary of Mary Shelley’s “Frankenstein’’ as well as commemorate a century since women started gaining the right to vote. Designs on special two-pound coins will also honour the end of the First World War and the creation of the Royal Air Force in 1918, the UK’s Royal ...

Bloomberg Euro-area manufacturing growth accelerated to a record in December 2017, capping a solid year for factories which is now eating into production capacity. With export demand strengthening, IHS Markit’s monthly report on manufacturing showed both new orders and output were the strongest in 17 years. Germany’s gauge rose to a record and France improved. Global growth also got a ...

Bloomberg The dollar weakened against most of its G-10 peers, US stocks rose and Treasuries fell in the first official day of trading in 2018. European stocks started the year in the red, failing to capitalise on a positive Asian session as the strength of the region’s common currency weighed on exporters. The Standard & Poor’s 500 Index opened higher ...

Reuters Stock markets in the United Arab Emirates and Qatar rose as they opened for the first day of trade in 2018, while Saudi Arabia continued to slip after a hike in domestic gasoline prices. The Dubai index had a poor 2017, falling 4.6 percent, but it rose 1.2 percent on Tuesday as stocks in the blue-chip Emaar group, which ...

Bloomberg Protests that have roiled Iran over the past five days will die down in a few days, according to a senior Iranian official, as authorities said hundreds of those involved in the unrest have been detained. The demonstrations broke out last week, starting in the holy city of Mashhad and spreading to other parts of the country, including the ...

Bloomberg The US will continue to withhold $255 million in military aid to Pakistan as the White House reviews the nation’s ‘level of cooperation’ in fighting terrorism, a National Security Council spokesperson said. The announcement came just hours after Trump in a tweet said the US has ‘foolishly’ given more than $33 billion in aid to the country and gotten ...

Bloomberg Israel’s parliament passed an amendment on Tuesday that would make it harder for it to cede control over parts of Jerusalem in any peace deal with the Palestinians, who condemned the move as undermining any chance to revive talks on statehood. The legislation, sponsored by the far-right Jewish Home coalition party, raises to 80 from 61 the number of ...