Bank of England may not need to act forcefully, says Bailey SINTRA, (Portugal): The Bank of England will not necessarily have to act “forcefully” to get inflation under... Published 30 Jun, 2022 06:07am
Markets BoE will ‘act forcefully’ to stem inflation, says Britain’s Sunak LONDON: The Bank of England will “act forcefully” to combat rising prices, British finance minister Rishi Sunak said... Published 22 Jun, 2022 02:53pm
Markets Sterling retreats as UK inflation hits new 40-year high LONDON: The British pound pulled back on Wednesday after data showed UK consumer inflation hit a new 40-year high,... Published 22 Jun, 2022 01:56pm
Markets FTSE 100 rises LONDON: London’s FTSE 100 rose on Monday, boosted by gains in financial and energy stocks, after the blue-chip... Published 21 Jun, 2022 05:51am
Business & Finance Sterling eyes tentative rebound LONDON: The pound edged higher on Monday, attempting to break a three-week losing streak versus the US dollar as... Published 21 Jun, 2022 05:51am
Markets Central banks walk inflation-recession tightrope PARIS: Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the... Published 19 Jun, 2022 10:28am
Print BoE nudges rates up again but says it’s ready to act forcefully LONDON: The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks ... Published 17 Jun, 2022 07:09am
Business & Finance Sterling edges up LONDON: Sterling rose on slightly on Thursday, recouping losses earlier in the day after the Bank of England (BoE)... Published 17 Jun, 2022 06:37am
Markets Sterling slides ahead of Bank of England rate call LONDON: Sterling slid towards its lowest level this year ahead of an expected Bank of England (BoE) interest rate... Published 16 Jun, 2022 01:31pm
Markets BoE set for fifth rate hike in row as inflation soars LONDON: The Bank of England is expected on Thursday to raise its key interest rate for a fifth straight time to cool... Published 16 Jun, 2022 11:34am
Business & Finance Pound rebounds but headwinds blow ahead of BoE decision LONDON: Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, a day ahead of ... Published 16 Jun, 2022 06:03am
Business & Finance UK slowdown fears mount as GDP unexpectedly shrinks in April LONDON: Britain’s economy unexpectedly shrank in April, official figures showed on Monday, adding to fears of a... Updated 13 Jun, 2022 02:59pm
Business & Finance Sterling tumbles more than 1pc vs dollar LONDON: Sterling fell by more than 1% on Friday and was set for a second consecutive week of declines against the US... Published 13 Jun, 2022 06:19am
Business & Finance UK minister denies billions wasted over rising interest rates LONDON: A British minister on Friday denied a claim that the Treasury’s decision not to insure against Bank of... Published 11 Jun, 2022 06:13am
Business & Finance UK banks no longer ‘too big to fail’: BoE LONDON: Britain’s biggest banks are no longer “too big to fail” in any future financial shocks, with... Published 11 Jun, 2022 06:13am
Markets UK lenders no longer too big to fail, says BoE LONDON: The Bank of England said on Friday it was satisfied lenders had taken steps to ensure they were no longer... Published 10 Jun, 2022 02:19pm
Markets Toxic cocktail darkens outlook for British pound LONDON: A toxic cocktail of sluggish growth and high inflation, plus Brexit and fallout from the coronavirus... Published 10 Jun, 2022 10:33am
Business & Finance Sterling falls against dollar amid concerns over UK economy LONDON: Sterling fell against a strengthening dollar on Wednesday, with investors concerned about a deteriorating UK... Published 02 Jun, 2022 06:19am
Business & Finance Pound extends fall LONDON: The British pound fell against the US dollar on Tuesday, wrapping up five months of straight losses for the... Published 01 Jun, 2022 05:53am
Business & Finance Pound touches 3-week high, focus on UK household support plan LONDON: Sterling touched its highest level in three weeks on Thursday, with the UK government’s latest measures to... Published 27 May, 2022 05:50am
Business & Finance UK banks face financial hit over climate inaction LONDON: UK banks and insurers face big hits to profits unless they take immediate action over their exposure to... Published 25 May, 2022 04:40am
Business & Finance Inflation picture is concerning, British junior finance minister says LONDON: The inflation picture is hugely concerning but the British government has confidence in the Bank of England... Published 23 May, 2022 12:20pm
Markets Ex-Bank of England governor King says central banks share blame for inflation LONDON: Former Bank of England Governor Mervyn King said on Friday that central banks including the BoE are to blame... Published 20 May, 2022 04:51pm
Markets BoE’s Pill sees need for further interest rate rises LONDON: The Bank of England will need to raise interest rates further to combat the risk of self-perpetuating price... Published 20 May, 2022 01:55pm
Business & Finance Sterling at two-week high LONDON: Sterling climbed to a two-week high against a weaker dollar on Thursday, winning a respite for now from the... Published 20 May, 2022 05:15am
Business & Finance UK inflation jumps to 40-year peak LONDON: Britain’s annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data... Published 18 May, 2022 12:39pm
Markets FTSE 100 lags European peers on strong pound LONDON: UK stocks advanced on Tuesday on hopes that China would ease its COVID-19 curbs and regulatory scrutiny,... Published 18 May, 2022 05:54am
Business & Finance Sterling hits highest since May 5 LONDON: The British pound rose to its highest level since May 5 on Tuesday as strong labour market data reinforced... Published 18 May, 2022 05:54am
World UK unemployment hits 48-year low but inflation squeezes pay LONDON: Britain’s unemployment rate fell to its lowest since 1974 in the first three months of this year, but... Published 17 May, 2022 12:58pm
Business & Finance Sterling steadies LONDON: Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge ... Published 17 May, 2022 05:39am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?