UK has limited room for pre-election tax cuts, OECD says
LONDON, June 7 (Reuters) - The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead...
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Morning Bid: China disappoints again, fanning speculation on stimulus
An aerial view shows cars for export at a port in Yantai, Shandong province, China May 3, 2023. China Daily...
Euro zone consumers more hopeful on inflation
A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April...
Major UK lender Halifax pushes up mortgage rates
LONDON, June 6 (Reuters) - Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on...
High inflation and recession risk – the Bank of England’s dilemma
LONDON, June 6 (Reuters) - The Bank of England is trying to curb an inflation rate that is running higher...
Analysis: US hotel developers run out of cash as construction lending dries up
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe.Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital.The hotel industry's predicament highlights the impact on the broader U.S. economy of the...
Dollar bears bide their time as US economic strength persists
NEW YORK, June 5 (Reuters) - A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish...
Czech government will try to meet 2023 budget deficit target, PM says
PRAGUE, June 4 (Reuters) - The Czech government will try to meet its 2023 budget deficit target of 295 billion...
S&P spares France from rating downgrade
PARIS, June 2 (Reuters) - Ratings agency S&P spared France on Friday the embarrassment of downgrading the country's sovereign debt,...
Analysis: Despite chaos and risk, Washington sticks with its debt limit
WASHINGTON, June 2 (Reuters) - The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit.That's not likely to happen any time soon.Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years.Republicans have shown no interest in abandoning a point of leverage that they...