ECB mulls changing spread between rates in step towards new era – sources
FRANKFURT, June 15 (Reuters) - European Central Bank policymakers began this week a debate on evening out the "corridor" between...
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Pound treads water against dollar, dips versus euro as ECB hikes rates
LONDON, June 15 (Reuters) - Sterling struggled to make headway against the dollar and eased against the euro on Thursday after the European Central Bank raised interest rates to their highest level in more than two decades.At 1300 GMT, sterling was stuck at $1.2661 , but had surrendered earlier gains against the euro, which was up 0.22% at 85.74 pence .The ECB said it expected inflation to hover above its 2% target rate through to 2025 and hinted at more interest rate hikes, even as the euro zone economy lags.The...
Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) - Bedlam in Britain's 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets,...
US stocks drop after Fed signals more rate hikes to come
Fed holds rates steady, signals more hikes by year endUnitedHealth sinks after cost warningIndexes: Dow -1.19%, S&P 500 -0.61%, Nasdaq...
FACTBOX Global investment banks rush to cut yuan forecasts
SHANGHAI, June 14 (Reuters) - Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened...
Dollar retreats ahead of US inflation data, yuan weakens on short-term rate cut
SINGAPORE, June 13 (Reuters) - The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors...
US dollar inches higher ahead of inflation data, Fed rate decision
Fed seen pausing rate hike this weekECB expected to raise rates in June, JulyBOJ seen keeping ultra-easy policy stanceNEW YORK,...
UBS completes Credit Suisse takeover to become wealth management behemoth
UBS has completed its takeover of Credit SuisseNew management changes announcedCredit Suisse CFO and General Council to leaveZURICH, June 12...
Asia shares meander ahead of c.bank meetings
MSCI Asia ex-Japan touches highest since April 21Fed expected to skip rate hike this weekOil slides over 1% over China...
Bank of England’s Mann sees case for UK carbon tax
LONDON, June 12 (Reuters) - Britain and other rich nations should consider a carbon tax as the most efficient way...
