Squeezed UK households tap into savings at record pace
LONDON, June 29 (Reuters) - British households withdrew money from their savings in May at a record pace as a...
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UK regulator bans adviser over poor British Steel pension advice
LONDON, June 28 (Reuters) - The Financial Conduct Authority (FCA) has banned a pension adviser from holding senior management positions...
Morning Bid: G4 central bankers speak, chips wars rumble
A look at the day ahead in U.S. and global markets from Mike DolanEyeing another slew of impressive U.S. economic...
Real estate poses only moderate system risk to Europe banks – S&P
LONDON, June 27 (Reuters) - The real estate sector poses only a moderate systemic risk to most European banks, as they have only modest exposure to it in their loan books, although Sweden and Germany are outliers, S&P Global Ratings said in a report on Tuesday.In its 3Q23 credit conditions report, the ratings agency said the outlook for parts of the property market was poor, given that financing conditions in Europe are expected to keep tightening as central banks raise rates to tackle inflation."The outlook for key segments within European...
Morning Bid: China gets weary of a weakening yuan
A look at the day ahead in European and global markets from Vidya Ranganathan.The U.S. dollar's protracted smile is making...
Morning Bid: World markets calm after Russia drama
A look at the day ahead in U.S. and global markets from Mike Dolan.More perplexed by events than anything else,...
EU’s lending arm to explore climate emergency repayment pause clauses
LONDON, June 23 (Reuters) - The EU's lending arm, the European Investment Bank, is to join the likes of the...
Analysis: Greek bonds snapping at heels of southern Europe’s best in class
June 23 (Reuters) - Greece is heading into an election weekend with its public debt trading near the levels enjoyed...
Romania has strong pool of renewable energy, transport projects for EU funds, European Investment Bank official says
BUCHAREST, June 22 (Reuters) - Renewable energy and transport infrastructure led a surge of projects vying for European Union recovery funds in Romania, where the government's capacity to tap funding has increased, a European Investment Bank (EIB) vice president said on Thursday.Romania stands to get up to 30 billion euros ($32.87 billion) worth of grants and loans until 2026 out of the EU's 724 billion euros Recovery and Resilience Facility (RRF), designed to help economies' post-pandemic rebound.Within central Europe, where Poland and Hungary are still struggling to unlock the funds,...
AMERICAS Dogged central banks rein in risk
A look at the day ahead in U.S. and global markets from Mike DolanEven if investors sense light at the...
