Markets Stocks rise, dollar drops as China posts bumper growth LONDON: Major stock markets rose and the dollar dropped Tuesday as data showed China’s economy grew far more than... Updated 18 Apr, 2023 05:13pm
Markets Central banks have yet to script final act of inflation fight as risks rise WASHINGTON: Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation,... Published 17 Apr, 2023 11:12am
Business & Finance Sterling edges back from 10-month peak LONDON: The British pound edged lower on Friday but remained close to a 10-month high against the dollar, supported... Published 15 Apr, 2023 06:19am
Markets Banks too reluctant to tap cash buffers in a crisis, Bank of England says LONDON: Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from... Published 03 Apr, 2023 03:27pm
Opinion Deep reluctance now profoundly evident The lenders, commercial banks or bilateral lenders, while processing the loan application assess the borrower’s... Updated 01 Apr, 2023 07:03am
Business & Finance UK mortgage approvals rose more than expected in February: BoE LONDON: The volume of mortgages approved by British lenders picked up in February by more than expected, adding to... Published 30 Mar, 2023 06:35am
Business & Finance BoE’s governor says rate-setters can put inflation before bank worries LONDON: Bank of England Governor Andrew Bailey signalled on Monday that interest rate-setters would focus on ... Published 29 Mar, 2023 06:27am
Markets Yellen tries to assuage investor fears as bank stocks slide US Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and... Published 24 Mar, 2023 10:04am
Business & Finance Bank of England hikes rate despite banking turmoil LONDON: The Bank of England on Thursday hiked its interest rate for the eleventh time in a row, as policymakers seek... Published 23 Mar, 2023 06:17pm
Markets After Fed, Europe’s central banks to decide on rates LONDON: A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over... Published 23 Mar, 2023 02:20pm
Business & Finance UK inflation rate rises to 10.4% in February LONDON: British consumer price inflation unexpectedly rose to 10.4% in February from January’s 10.1%, figures from... Published 22 Mar, 2023 12:21pm
Opinion We’ve no Narasimha Rao or Manmohan Singh It was in 1991 that India was hit by a major economic crisis resulting from a huge balance of payments deficit. The... Updated 21 Mar, 2023 07:08am
Markets Bank of England receives no bids in new daily dollar repo operation LONDON: The Bank of England said it received no bids for dollar liquidity at a first daily seven-day repo operation... Published 20 Mar, 2023 03:38pm
Business & Finance Bank of England cautions over UK insurance reforms LONDON: Britain’s post-Brexit insurance sector reforms, aimed at freeing up capital and boosting economic growth,... Published 07 Mar, 2023 07:30pm
Markets Bank of England’s Bailey says nothing decided on rates path LONDON: Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether... Published 01 Mar, 2023 03:30pm
Markets J.P.Morgan expects additional 25bps rate hike from BoE in June The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more... Published 27 Feb, 2023 02:55pm
Markets European shares pare early gains as US inflation data feed rate hike jitters PARIS: European stocks ended modestly higher on Tuesday following upbeat corporate updates but pared most early ... Published 15 Feb, 2023 06:27am
Markets Bank of England to lift Bank Rate 25 basis points to 4.25% in March, then pause LONDON: The Bank of England will make its final increase to borrowing costs in the current cycle next month to... Published 14 Feb, 2023 10:21am
Business & Finance UK skirts recession with zero fourth-quarter growth LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ... Published 13 Feb, 2023 05:57am
Business & Finance Bank of England chief concerned about ‘persistent’ high inflation LONDON: Bank of England governor Andrew Bailey on Thursday expressed concern over persistent high inflation even if... Published 09 Feb, 2023 09:38pm
Markets FTSE 100 slips from record high as upbeat data stoke Fed rate jitters LONDON: UK’s FTSE 100 slipped from a record high on Monday, after upbeat US labour market data raised worries that... Published 07 Feb, 2023 06:07am
Business & Finance Bank of England’s Mann doubles down on backing for rate hikes BUDAPEST: Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned... Published 06 Feb, 2023 02:43pm
Business & Finance BoE and Treasury think UK is 'likely' to need digital currency LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central... Published 05 Feb, 2023 12:22am
Markets BoE’s Pill says important not to raise interest rates too high LONDON: Bank of England Chief Economist Huw Pill said on Friday it was important not to raise interest rates too... Published 03 Feb, 2023 12:32pm
Markets Dollar climbs as central banks see inflation risks unwind SINGAPORE: The euro and sterling slipped against the dollar on Friday as markets took a dovish cue from policymakers... Published 03 Feb, 2023 09:41am
Business & Finance BoE hints rates near peak after 10th hike LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised... Published 03 Feb, 2023 06:17am
Business & Finance Bank of England hikes interest rate tenth time in row LONDON: The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race... Published 02 Feb, 2023 05:50pm
Markets Sterling falls to day’s low, gilt yields tumble as BoE signals rates near peak LONDON: Britain’s pound and gilt yields fell on Thursday after the Bank of England raised its main interest rate by... Published 02 Feb, 2023 05:40pm
Markets Dollar plunges as Fed says disinflation now in play SINGAPORE: The dollar tumbled on Thursday after the US Federal Reserve said it had turned a corner in the fight... Published 02 Feb, 2023 09:30am
Markets European shares end lower but log January gain PARIS: Europe’s STOXX 600 fell on Tuesday as investors geared up for a fresh round of interest rate hikes from top... Published 01 Feb, 2023 07:26am
