Novo Nordisk briefly overtakes LVMH as Europe’s most valuable company
LONDON, Sept 1 (Reuters) - Danish drugmaker Novo Nordisk (NOVOb.CO) unseated LVMH (LVMH.PA) as Europe's most valuable listed company on...
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UK economy surpassed pre-COVID size in late 2021, new data shows
A view of City of London financial district behind Petticoat Lane street market, where discounted clothing is on sale, in...
Some UK banks improving interest rates for savers, says watchdog
Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London,...
UK financial data market escapes competition probe for now
Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London,...
US consumer spending accelerates; declining savings a red flag
Consumer spending increases 0.8% in JulyPersonal income gains 0.2%; savings rate falls to 3.5%Core PCE price index rises 0.2%; up...
Italy offers digital euro expert Cipollone for ECB post
Piero Cipollone, deputy governor of the Bank of Italy, poses in Rome, Italy, 2015, in this handout picture. Banca d'Italia's...
Fed can stop hiking rates if economy slows at current pace, Rosengren says
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 30 (Reuters) -...
Sterling holds steady; cash-strapped Brits borrow less
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria,...
EU lawmakers struggle to compromise on post-Brexit derivatives clearing
Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Acquire...
Fed’s Powell: higher rates may be needed, will move ‘carefully’
JACKSON HOLE, Wyoming, Aug 25 (Reuters) - The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy."We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole...