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...
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Dollar on back foot after weak ISM; Aussie awaits RBA
TOKYO, June 6 (Reuters) - The dollar languished well below last week's 2-1/2-month highs on Tuesday after unexpectedly soft U.S....
UK fines broker $21 mln for ‘cum-ex’ European tax scam
LONDON, June 5 (Reuters) - Britain's Financial Conduct Authority (FCA) has fined broker ED&F Man Capital Markets Ltd (MCML) 17.2...
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...
EU’s top diplomat discusses Ukraine’s ammunition needs with South Korea
SEOUL, June 3 (Reuters) - The European Union's top diplomat, Josep Borrell, said he met South Korea's defence minister on...
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,...
Crypto insurer Evertas authorized to offer largest single crypto insurance policy
NEW YORK, June 2 (Reuters) - London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit...
Hungary central-bank chief sees chance for euro adoption only after 2030
BUDAPEST, June 2 (Reuters) - Hungary should not consider adopting the euro before 2030 as joining the single currency zone...
