MortgagesSwathes of UK households yet to face mortgage cost surge: think tankMay 12, 202353LONDON, May 13 (Reuters) - Some 1.6 million British households are yet to face a 2,300 pound surge ($2,903) on...
CurrenciesStocks slip as US consumer confidence slumps, dollar gainsMay 12, 202353Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023....
CurrenciesCAD extends weekly decline as U.S. data spooks investorsMay 12, 202364TORONTO, May 12 (Reuters) - The Canadian dollar weakened to an eight-day low against its U.S. counterpart on Friday as...
CurrenciesUS consumer sentiment plummets to six-month low on debt ceiling debacleMay 12, 202362A shopping cart is seen in a supermarket in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File PhotoConsumer...
BankingHSBC to pay $75 million in penalties to settle U.S. CFTC chargesMay 12, 202376NEW YORK, May 12 (Reuters) - Units of HSBC Holdings Plc (HSBA.L) have agreed to pay $75 million to settle...
EconomyUK economy makes slow start to 2023 as inflation headwinds persistMay 12, 202357UK GDP grows 0.1% in Q1 2023, matching forecastsEconomy unexpectedly shrank by 0.3% in MarchStrikes and weak retail weigh on...
BankingMorning Bid: Markets get twitchy as debt ceiling, growth fears weighMay 12, 202363A look at the day ahead in European and global markets from Ankur BanerjeeSigns of an economic slowdown across the...
EconomyAnalysis: Sterling’s star may fade as focus shifts to squeeze on UK economyMay 11, 202357Pound best performing G10 currency vs USD in 2023Headwinds ahead as rate hikes biteNo longer attractive in short-term -analystsLONDON, May...
BankingIMF says US default would have ‘very serious repercussions’ on global economyMay 11, 202366WASHINGTON, May 11 (Reuters) - The International Monetary Fund said on Thursday that a U.S. debt default prompted by failure...
CurrenciesSterling trims drop after BoE hike, China’s data sends dollar higherMay 11, 202352TOKYO, May 11 (Reuters) - Sterling trimmed declines after the Bank of England raised interest rates for the 12th consecutive...