Business & Finance Bank of England to reform economic forecasting LONDON: The Bank of England (BoE) said Friday it would implement a “substantial upgrade programme” to improve its... Published 12 Apr, 2024 06:59pm
Business & Finance Bank of England holds interest rate at 16-year high LONDON: The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as... Published 21 Mar, 2024 05:53pm
Markets Sterling steady ahead of Bank of England decision LONDON: The pound steadied against the dollar on Thursday, ahead of a Bank of England meeting at which the central... Published 21 Mar, 2024 01:31pm
Business & Finance Bank of England to hold rate despite slowing inflation LONDON: The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting... Published 21 Mar, 2024 12:12pm
Markets Gold slips as dollar firms, central bank meetings in focus Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major... Published 18 Mar, 2024 10:44am
Markets UK’s FTSE 100 muted as investors assess data heavy week; Vodafone jumps The UK’s FTSE 100 was little changed on Friday as investors tracked global downbeat sentiment, with sticky US... Published 15 Mar, 2024 02:42pm
Business & Finance Bank of England set to play for time before first rate cut LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting... Published 15 Mar, 2024 11:36am
Markets Sterling bulls take a breather, for now LONDON: Speculators have trimmed their bullish positions in the pound for the first time in eight weeks, suggesting... Published 27 Feb, 2024 12:22pm
World King Charles to appear on UK banknotes from June LONDON: Banknotes featuring the portrait of King Charles will enter circulation in Britain from June 5, the Bank of... Published 21 Feb, 2024 03:30pm
Markets Dollar tracks global yields lower; sterling heavy SINGAPORE: The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while sterling... Published 21 Feb, 2024 09:52am
Markets European shares rise as soft UK inflation boosts sentiment European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent... Published 14 Feb, 2024 02:44pm
World Improving UK economy would be no election game-changer for Sunak MANCHESTER (England): Falling inflation, the prospect of interest rate cuts and signs that Britain’s economy is... Published 07 Feb, 2024 05:30am
Business & Finance BoE puts high rates ‘under review’ LONDON: The Bank of England kept interest rates at a nearly 16-year high on Thursday but opened up the possibility ... Published 02 Feb, 2024 05:20am
Business & Finance HSBC fined 57 million pounds for ‘serious’ deposit protection failures LONDON: The Bank of England said on Tuesday it had fined HSBC 57.4 million pounds ($73 million) for “serious... Published 30 Jan, 2024 01:05pm
Business & Finance Sterling edges up LONDON: Sterling edged up against the dollar and euro on Friday, as traders looked ahead to a Bank of England policy... Published 27 Jan, 2024 06:20am
Business & Finance UK inflation in shock rise, dashing rate cut hopes LONDON: British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an ... Published 18 Jan, 2024 05:54am
Business & Finance Dollar hits fresh one month high NEW YORK: The dollar index hit a fresh one-month high on Wednesday after US retail sales data indicated the economy... Published 18 Jan, 2024 05:54am
Markets Sterling falls after UK wage growth slows LONDON: The pound fell on Tuesday after data showed the growth in British wages slowed in November, supporting bets... Published 16 Jan, 2024 12:55pm
Markets Dollar starts 2024 on firm footing, bitcoin surpasses $45,000 SINGAPORE: The dollar rose on the first trading day of the year as attention turned to economic data this week that... Published 02 Jan, 2024 09:42am
Opinion Outlook 2024-I Global perspective has recently changed as economies have shown to be more resilient than experts had anticipated.... Published 02 Jan, 2024 05:21am
Business & Finance Dollar on pace for first yearly loss since 2020 NEW YORK: The dollar is set to end 2023 with its first loss since 2020 against the euro and a basket of currencies ... Published 30 Dec, 2023 06:28am
Markets FTSE 100 touches near 7-month high LONDON: British equities jumped on Wednesday as investors cheered a surprise drop in domestic inflation, which... Published 21 Dec, 2023 03:54am
Markets Yen cedes some ground ahead of critical BOJ test SINGAPORE: The yen dipped slightly on Monday as the Bank of Japan (BOJ) kicked off its two-day monetary policy... Published 18 Dec, 2023 09:32am
Business & Finance Bank of England holds interest rate, warns on inflation LONDON: The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle... Published 14 Dec, 2023 06:21pm
Markets Sterling falls after data shows UK economy shrank in October LONDON: The pound fell on Wednesday, after data showed the UK economy shrank in October, which could strengthen the... Published 13 Dec, 2023 12:26pm
Markets Dollar on back foot as traders look to Fed for cut timing clues TOKYO: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion... Published 13 Dec, 2023 09:32am
Business & Finance Bank of England to hold its line against rate cut talk LONDON: The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain, even... Published 08 Dec, 2023 12:12pm
Business & Finance Bank of England warns on fallout from rate hikes LONDON: The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would... Published 06 Dec, 2023 05:44pm
World 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
