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Markets
Andrew Bailey, BoE’s Andrew Bailey, casts doubts on the need for future interest rate…
Andrew Bailey said the UK would avoid any further interest rate increases on Wednesday. The pound fell to its lowest level in three months against the US dollar, as currency traders reduced their bets that UK borrowing costs would rise.…
France renews its war against vegan “ribs” and “steaks”
BMW's boss has warned that European car makers are forced to compete with Chinese firms on price as the EU moves forward with its plans to ban combustion engine technology.
Oliver Zipse, BMW's chief executive officer, said that China…
P&O Ferries market share is eroded due to competition from low-cost operators
P&O Ferries lost ground on the UK freight market after it was purchased by its Dubai-based owner. A new analysis highlights the increased pressures that led the company to fire hundreds of sailors in 2013.
After announcing that it…
After reports about hidden investors, politicians call for action to stop the slide of Adani shares
After two media outlets published new revelations regarding family-related shareholders of the company's shares, the opposition demanded that action be taken.
In a frenetic atmosphere before the elections, the reports shed light on…
The UK Property Turmoil Restructures Britain’s Benchmark FTSE 100 Index
Persimmon plc is about to leave the FTSE 100 Index, after a decade of staying. This is the latest indication that the UK's interest rates are at their highest since the global financial crash.
Index compiler FTSE Russell confirmed…
NS&I’s 6.2% bond, the market leader, puts pressure on banks
National Savings & Investments raised its interest rate on one-year fixed bond from 5% to 6.25%, putting the company in a leading position on a major segment of the saving market. This has increased pressure on the banks to follow.…
Goldman Sachs purchased UK and US companies with Chinese state funds
Goldman Sachs used a fund created with Chinese state funds to purchase a number of US and UK businesses, including one that has a cyber-security business and provides services to British government. This is happening as tensions between…
Richard Buxton: UK equity market is in a “very sorry state”
Richard Buxton, one of Britain's most well-known fund managers and a 40-year veteran of the industry, has warned about the "very sad state" of UK equity markets as he prepares for retirement.
Buxton, who leaves Jupiter Asset Management …
BHP profits drop 37% as miner raises China concerns
BHP has reported its lowest profit in three year as the largest miner on the market warned that its future prospects depended on China's efforts at reviving its property sector, and the severity of any cuts to steel production by Beijing.…
Brics Bank aims to reduce the dollar’s reliance
According to the president of the bank, the development bank created by the Brics countries plans to start lending in South African and Brazilian currency as part a plan that aims to reduce the reliance on dollars and promote a multipolar…
Fears over interest rates outlook drive US Treasury yields to 16-year high
Investors are coming to terms with an economy which refuses to slow down. The selling of US government bonds continued on Monday. Yields on benchmark Treasuries hit new 16-year-highs.
The yield on the 10-year bond rose by 0.1 percentage…
The UK homebuilder slump has gone too far, a technical indicator shows
The sell-off of UK homebuilders intensified on Monday after a downbeat report from Crest Nicholson Holdings Plc. This pushed a key technical index into the oversold territory.
The relative strength index of a FTSE tracking builders'…
Shell is said to have received final bids for UK North Sea Gas Assets
Shell Plc reportedly has reduced the number of bidders to just three for its Southern North Sea Gas Fields.
Perenco SA Ithaca Energy Plc, and Viaro Energy Ltd. bid on a package of UK-based assets, including the Leman Alpha Hub, the…
Argentina struggles to prevent economic collapse following shock primary victory
Argentina is under increasing pressure to devalue again its currency as it struggles to prevent economic collapse in advance of the October elections, following a shock victory by a radical rightwing presidential candidate at its primary…
Asian stocks tumble as China’s largest private developer delays debt payment
Asian markets fell after concerns over the health of China's second largest economy were raised by problems at China's biggest private property developer.
Country Garden shares fell by over 18% on Monday, after the developer missed an…
Argentina’s markets tremble after shocking primary election results
The markets in Argentina were in shock on Monday following the shocking victory of Javier Milei in the primary election, ahead of the presidential elections later this year. Milei is a libertarian radical economist and an outsider…
Bond Traders fear ECB Hawks when energy jitters return to Europe
Last week, traders and strategists were reminded of the fragility of Europe's energy security and bond market risks.
After threats of strike in Australia, spot natural gas prices jumped almost 30% within a single day.
ING Groep NV…
Wilko has suspended home delivery in its fight to avoid collapse
Wilko is scrambling to find a deal that will save it.
The website of a discount retailer said that the delivery service was "temporarily not available" and instructed online shoppers to order products instead using click-and collect.…