Lawmakers criticise Bank of England inflation forecast LONDON: Members of the House of Lords, Britain’s upper chamber of parliament, demanded Monday that the Bank of... Published 27 Nov, 2023 07:49pm
Business & Finance BoE’s Bailey says getting inflation to 2% will be ‘hard work’ LONDON: Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be... Published 27 Nov, 2023 01:10pm
Business & Finance BoE’s Greene says latest data good news for UK inflation outlook LONDON: Bank of England rate-setter Megan Greene said on Thursday that this week’s inflation and jobs data were... Published 16 Nov, 2023 02:51pm
Business & Finance UK inflation falls sharply, relieving pressure on PM Sunak LONDON: UK inflation fell more than expected in October, data showed Wednesday, easing a cost-of-living crisis and... Published 15 Nov, 2023 01:35pm
Markets Real estate stocks lead European shares to biggest weekly gain PARIS: Europe’s benchmark STOXX 600 index posted its biggest weekly gain since March on Friday, supported by... Published 04 Nov, 2023 06:00am
Markets Oil prices rise after Fed, BoE keep rates unchanged BENGALURU: Oil prices gained more than $2 a barrel on Thursday and were set to break a three-day declining streak as... Published 03 Nov, 2023 06:11am
Business & Finance Dollar retreats as risk appetite rises NEW YORK: The US dollar weakened broadly on Thursday, as investors bet that the Federal Reserve is done raising... Published 03 Nov, 2023 06:11am
Markets Bank of England keep rates at 15-year high, rules out quick cuts to help economy LONDON: The Bank of England held interest rates at a 15-year peak as it kept up its fight against the highest... Updated 02 Nov, 2023 05:05pm
Markets Wall St gains on megacap boost ahead of Fed verdict NEW YORK: Wall Street’s main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of... Published 31 Oct, 2023 05:26am
Business & Finance Dollar slides ahead of central bank meetings NEW YORK: The US dollar fell on Monday, dropping to a two-week low against the yen, as traders looked ahead to... Published 31 Oct, 2023 05:26am
Markets Dollar holds near 150 yen as central bank policy, data deluge awaited SINGAPORE: The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a... Published 30 Oct, 2023 09:56am
Markets Sterling weakens as soft data supports BoE rate view LONDON: The British pound extended the previous day’s losses on Wednesday after gloomy economic data affirmed the... Published 25 Oct, 2023 03:25pm
Markets BoE’s Bailey says Sept CPI ‘not far off’ expectations LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most... Published 20 Oct, 2023 12:30pm
Business & Finance UK inflation rate unexpectedly holds at 6.7% in September LONDON: British annual consumer price inflation (CPI) held at an 18-month low of 6.7% in September, bucking... Published 18 Oct, 2023 12:31pm
World UK opposition Labour says power ‘within our grasp’ LIVERPOOL: Britain’s main opposition Labour Party said at its annual conference on Monday that power was ... Published 10 Oct, 2023 06:19am
Markets Metro Bank shares gain after deal to bolster finances LONDON: Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a... Published 09 Oct, 2023 12:44pm
Markets Sterling falls to 6-1/2-month low versus dollar Sterling fell to a new 6-1/2-month low against the dollar on Tuesday on concerns about the economic outlook and... Published 03 Oct, 2023 01:49pm
Markets London stocks kick off Q4 lower as rising yields bite LONDON: London stocks gave up early gains and closed lower on Monday as rising yields pushed equities down, while... Published 03 Oct, 2023 06:02am
World BoE's Mann warns inflation pressure higher than forecasts show LONDON: Bank of England rate-setter Catherine Mann said on Monday that she thought the central bank's forecasts told... Published 02 Oct, 2023 11:04pm
Markets Sterling hits fresh six-month low against dollar as BoE seen done with hikes LONDON: Sterling fell to a fresh six-month low against a strengthening dollar on Wednesday as markets are pricing in... Published 27 Sep, 2023 06:11pm
Markets Oil jumps 3% as steep US crude stockdraw adds to supply concerns HOUSTON: Oil prices surged about 3% on Wednesday, after US crude stocks fell more than expected, adding to worries... Updated 27 Sep, 2023 08:49pm
Markets Sterling hits fresh multi-month lows on dollar and euro LONDON: The pound dipped to its lowest in six months against the dollar and its weakest in four months against the... Published 25 Sep, 2023 06:26pm
Business & Finance Dollar edges up vs pound, euro on Fed support NEW YORK: The US dollar edged higher against the pound and the euro on Thursday, a day after the Federal Reserve ... Published 22 Sep, 2023 03:33am
Business & Finance Bank of England halts run of interest rate hikes as economy slows LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy... Published 21 Sep, 2023 05:48pm
Markets Bank of England faces rate-hike dilemma LONDON: The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the... Published 21 Sep, 2023 11:24am
Markets Goldman Sachs expects BoE to hold rates on Thursday after lower CPI LONDON: Goldman Sachs said on Wednesday it now expects the Bank of England to keep interest rates unchanged on... Published 20 Sep, 2023 03:54pm
Markets Bank of England’s Woods says in impairments among banks are rising LONDON: Bank of England Deputy Governor Sam Woods said on Tuesday that impairments were rising among banks after... Published 19 Sep, 2023 12:53pm
Markets Asian currencies subdued ahead of a slew of central bank meetings Asian currencies were subdued on Monday in a week packed with central bank meetings in Indonesia and the Philippines... Published 18 Sep, 2023 09:56am
Markets Bank of England readies what may be its final rate hike LONDON: The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one... Published 17 Sep, 2023 12:49pm
Markets Interest rate cliffhanger as ECB mulls hike or pause FRANKFURT: Eurozone interest rate setters face the toughest call of their long battle against red-hot inflation... Published 14 Sep, 2023 11:19am