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
Markets FTSE 100 gains ahead of central bank meetings LONDON: The FTSE 100 gained on Monday as investors awaited a slew of central bank decisions this week, with Unilever... Published 31 Jan, 2023 06:58am
Markets Oil slips as rate hikes loom and Russian flows stay strong LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong... Published 31 Jan, 2023 06:45am
Markets Asia shares welcome China back, ready for rate hikes SYDNEY: Asian shares edged higher on Monday into a week that is certain to see interest rates rise in Europe and the... Published 30 Jan, 2023 10:43am
Markets Dollar cautiously firm ahead of busy central bank week SINGAPORE: The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central... Published 30 Jan, 2023 09:40am
Business & Finance BoE’s Bailey sees more optimism about inflation falling LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation... Published 19 Jan, 2023 06:14pm
Business & Finance US dollar falls vs major currencies NEW YORK: The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations ... Published 18 Jan, 2023 06:22am
Markets FTSE 100 in sight of record high as financial stocks gain LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high... Published 17 Jan, 2023 06:02am
Business & Finance UK insurance reforms pose risks to policyholders, BoE’s Bailey says LONDON: The British government’s proposed changes to insurance sector capital rules present a risk to policyholders... Published 16 Jan, 2023 09:08pm
Markets London stocks slip as consumer shares drag on recession fears Britain’s FTSE 100 retreated from a three-and-a-half year high on Tuesday, led by consumer stocks amid recession... Published 10 Jan, 2023 02:36pm
Markets King Charles banknotes to enter UK circulation from mid-2024 LONDON: The first banknotes bearing the image of King Charles III are set to enter circulation by mid-2024, the Bank... Published 20 Dec, 2022 12:40pm
Markets Yen rises on report of Japan govt move for more flexible inflation target SINGAPORE: The yen climbed on Monday on news that the Japanese government is set to revise a joint statement with... Published 19 Dec, 2022 10:38am
Opinion Britain takes fight to restore investor faith into 2023 Major investors are rethinking their support for Britain’s economy following months of political turmoil and... Published 17 Dec, 2022 05:58am
Business & Finance ECB, BoE raise interest rates LONDON: The European Central Bank and Bank of England raised its key interest rates on Thursday and indicated that... Published 16 Dec, 2022 05:58am
Business & Finance Bank of England lifts interest rate to 14-year high LONDON: The Bank of England on Thursday hiked its interest rate by half a point to 3.5 percent, the highest level in... Published 15 Dec, 2022 06:31pm
Business & Finance UK economy rebounds in Oct LONDON: Britain’s economy rebounded in October a little more strongly than expected from September when output was... Published 13 Dec, 2022 07:38am
Markets Indian rupee likely to slip as US data stokes higher rates worry MUMBAI: The Indian rupee was expected to weaken at the open on Monday as the US dollar and Treasury yields ticked... Published 12 Dec, 2022 10:08am
Markets Dollar rises as inflation pressures persist; FOMC meeting in focus SINGAPORE: The dollar firmed on Monday after data showed producer prices in the United States rose more than... Published 12 Dec, 2022 09:40am
Business & Finance Dollar eases against euro as investors weigh rates outlook NEW YORK: The dollar edged lower on Thursday against the euro as investors weighed the outlook for US Federal ... Published 09 Dec, 2022 05:58am
Markets Bank of England to add 50 bps to Bank Rate on Dec. 15; peak at 4.25% in Q2 LONDON: The Bank of England will add another 50 basis points to Bank Rate next week and take borrowing costs to... Published 08 Dec, 2022 11:35am
Business & Finance Global central banks increase pace of rate hike in November LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy... Updated 05 Dec, 2022 06:45am
Business & Finance BoE's Dhingra warns of deeper and longer recession with higher rates LONDON: Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest... Published 03 Dec, 2022 11:21pm
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees