By William Schomberg LONDON (Reuters) – Britain’s new finance minister Rachel Reeves will announce what may be the biggest tax hikes in three decades on Wednesday in a bid to fix the country’s sagging public services, alongside billions of pounds […]
UK’s new finance minister Reeves lines up tax hikes and borrowing in first budget Read More »
(Reuters) – British finance minister Rachel Reeves will hand the UK government’s armed forces a funding boost of almost 3 billion pounds ($3.90 billion) in the Oct. 30 budget, the Telegraph reported on Tuesday. ($1 = 0.7686 pounds) (Reporting by
OTTAWA (Reuters) -The Bank of Canada is starting to see the impact of its four rate cuts so far this year and expects to gather more evidence in the months ahead, Governor Tiff Macklem said on Tuesday. The central bank
Bank of Canada says it is starting to see impact of recent rate cuts Read More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of banking regulations to the activities of institutions to avoid undue compliance burdens, but said she is predisposed
Yellen says tailoring bank rules helpful, but strong capital requirements important Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index dropped on Tuesday, bruised by a handful of bleak quarterly results from industry majors such as energy giant BP, drugmaker Novartis and lender Santander, while caution also prevailed ahead
STOXX 600 falls on earnings drag, travel and leisure worst hit Read More »
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf ended higher on Tuesday as a slew of corporate earnings lifted investor sentiment, although regional tensions limited gains. Saudi Arabia’s benchmark index edged 0.1% higher, helped by a 1.4%
Most Gulf markets gain on earnings; geopolitics weigh Read More »
By Lisa Pauline Mattackal (Reuters) -Wall Street was set to open lower on Tuesday as investors assessed a host of corporate results, with focus on Google-parent Alphabet’s earnings expected later in the day, while gains in U.S. Treasury yields also
Futures slip amid earnings deluge, rising Treasury yields Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Even as public borrowing estimates were shaved on Monday, U.S. Treasury yields continue to probe three-month highs as markets lean toward a win for Donald Trump
Morning Bid: Election-agitated Treasuries meet megacap earnings Read More »
(Reuters) – China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, two sources with knowledge of the matter said. The fiscal
Reaction to Reuters report on China’s stimulus plans Read More »
By Maria Martinez BERLIN (Reuters) – The German economy will contract by 0.2% this year, the German Chamber of Commerce and Industry (DIHK) said on Tuesday, cutting its previous forecast for a stagnation published in May. The figures are not
German GDP expected to contract in 2024 and stagnate in 2025, DIHK says Read More »
