Bank of England fines Metro Bank $7mn LONDON: The Bank of England's Prudential Regulation Authority (PRA) has fined challenger bank Metro Bank 5.38 ... Published 22 Dec, 2021 12:47pm
Markets BoE's Pill sees more rate hikes if inflation persists LONDON: Bank of England Chief Economist Huw Pill said the central bank would need to raise interest rates further if... Published 17 Dec, 2021 07:02pm
Business & Finance Bank of England hikes interest rate to 0.25% to combat inflation LONDON: The Bank of England on Thursday hiked its key interest rate from a record-low 0.10 percent to 0.25 percent,... Updated 16 Dec, 2021 05:55pm
Markets BoE torn between red hot inflation and rampant Omicron LONDON: The Bank of England will likely hold interest rates at their record lows on Thursday as policymakers balance... Published 16 Dec, 2021 11:47am
Markets Most Gulf bourses rise ahead of cenbank meetings DUBAI: Most stock markets in the Gulf reversed early losses to close higher on Tuesday despite Omicron coronovirus... Published 15 Dec, 2021 06:34am
Markets European shares fall again LONDON: European shares reversed early gains to end lower for a fifth straight session on Tuesday as technology... Published 15 Dec, 2021 06:34am
Markets Indian shares fall BENGALURU: Indian shares fell on Tuesday, dragged down by auto and financial stocks, amid growing fears of surging... Published 15 Dec, 2021 06:34am
Business & Finance IMF warns BoE not to be too slow to raise interest rates LONDON: The International Monetary Fund urged the Bank of England on Tuesday to avoid an “inaction bias” when it... Published 15 Dec, 2021 06:34am
Markets Sterling edges higher versus euro as investors weigh up Omicron risk LONDON: Sterling strengthened against the euro on Tuesday but stayed within recent ranges as uncertainty around the... Published 14 Dec, 2021 10:38pm
Markets IMF warns Bank of England against inaction on inflation LONDON: The International Monetary Fund warned the Bank of England on Tuesday to avoid an 'inaction bias' in its... Published 14 Dec, 2021 04:57pm
World UK jobs growth remains strong in November as BoE meets on rates LONDON: British employers added 257,000 staff to their payrolls in November, adding to signs that the labour market... Published 14 Dec, 2021 12:28pm
Business & Finance US dollar gains as Fed seen wrapping up asset purchases earlier than expected NEW YORK: The dollar firmed on Monday ahead of a slew of central bank meetings this week led by the Federal Reserve... Published 14 Dec, 2021 06:40am
Business & Finance Sterling rises LONDON: Sterling rose on Monday after Bank of England Deputy Governor Ben Broadbent warned Britain’s tight labour... Published 07 Dec, 2021 06:29am
Business & Finance BoE warns UK inflation to top 5% on energy costs LONDON: British inflation will "comfortably" top five percent in April due to rocketing energy prices, well above ... Updated 06 Dec, 2021 07:31pm
Business & Finance Sterling rises above 2021 lows as central bank eyed LONDON: The British pound rose on Wednesday but held near a 2021 low versus the U.S. dollar as doubts grew on ... Published 02 Dec, 2021 03:57am
Opinion New Covid scare sparks rate rethink in markets Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the ... Published 28 Nov, 2021 05:38am
Opinion Less said the better? BoE considers communication reset The Bank of England is rethinking how it signals what its next monetary policy steps are likely to be, after a... Published 27 Nov, 2021 05:08am
Business & Finance Sterling hits fresh 2021 low versus dollar LONDON: The British pound hit a fresh 11-month low against the dollar on Wednesday as expectations for a rate hike... Published 25 Nov, 2021 03:53am
Markets Bank of England should be vigilant on labour costs LONDON: The Bank of England needs to be vigilant about rising labour costs as a tight job market means wages might... Published 23 Nov, 2021 05:00pm
Business & Finance Sterling rises vs euro LONDON: Sterling rose versus the euro on Friday as economic data fuelled bets the Bank of England will raise ... Published 20 Nov, 2021 03:58am
Markets C$ falls as global inflation outlook in focus The Canadian dollar edged higher against its U.S. counterpart on Thursday, after earlier touching a six-week low, as... Published 19 Nov, 2021 01:19am
Business & Finance Sterling rises LONDON: The pound rose on Tuesday as traders bet some of the Bank of England’s concerns about the risks of raising... Published 17 Nov, 2021 04:22am
Business & Finance Sterling rises from 11-month low LONDON: The pound rose on Monday but lagged behind other risk-linked currencies, as investors focused on talks over... Published 16 Nov, 2021 04:26am
Business & Finance BoE's Bailey says he is 'very uneasy' about inflation LONDON: Bank of England Governor Andrew Bailey said he was very uneasy about the inflation outlook and that his vote... Published 16 Nov, 2021 04:26am
World Working from home may hurt women's careers: BoE LONDON: Women who work mostly from home risk seeing their careers suffer now that significant numbers of male ... Published 12 Nov, 2021 04:46am
Markets Banks, miners drag FTSE 100 LONDON: London's FTSE 100 erased early gains to end lower on Tuesday, weighed by weakness in banks and mining ... Published 10 Nov, 2021 05:47am
Business & Finance Sterling slightly lower LONDON: The pound was slightly lower against the dollar and the euro on Tuesday not far from five-week lows touched... Published 10 Nov, 2021 05:47am
Markets Sterling broadly unchanged near 5-week lows The pound was unchanged on Tuesday within striking distance of five-week lows touched last week against the dollar... Published 09 Nov, 2021 01:54pm
Markets Japan's 10-year bond yields fall to one-month low TOKYO: Japan's 10-year government bond yields fell to a one-month low on Friday, as a decision by the Bank of ... Published 08 Nov, 2021 05:19am
Markets European stocks on front foot before US jobs data LONDON: Europe's main stock markets rose Friday, with Paris hitting a record peak as investors awaited key US jobs... Published 08 Nov, 2021 05:19am