UK’s high inflation cools, offering some relief to Bank of England
CPI +7.9% vs Reuters poll +8.2%Core inflation also falls to +6.9% vs poll +7.1%UK still has higher inflation than many...
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European shares slip as Richemont, China data drag
STOXX 600 down 0.6% in soft start to the weekRichemont slumps after organic sales growth disappointsWeak China data drags other luxury firmsArgenx jumps, helps Brussels stocks outshine EuropeJuly 17 (Reuters) - European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lacklustre economic growth in China raised concerns about demand from the world's second-biggest economy.The pan-European STOXX 600 index (.STOXX) closed 0.6% lower, with luxury giants at the forefront of the selling pressure.Shares of the world's second-biggest luxury firm, Richemont...
Santander expanding investment bank in US and UK, sources
MADRID/LONDON, July 14 (Reuters) - Santander (SAN.MC) is accelerating growth of its investment bank by hiring at least 50 bankers...
ECB policymakers open to further rate hikes past July
FRANKFURT, July 13 (Reuters) - The European Central Bank may need to continue raising interest rates beyond this month to...
UN asks Putin to extend Black Sea grain deal in return for SWIFT access -sources
UNITED NATIONS, July 12 (Reuters) - U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin that he extend...
Barclays wins UK Supreme Court case over push payment fraud
LONDON, July 12 (Reuters) - Barclays (BARC.L) on Wednesday won a UK Supreme Court appeal that turned on the extent...
Exclusive: TikTok parent ByteDance to allow US staff to cash out on shares-sources
NEW YORK, July 11 (Reuters) - ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by...
UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
A man walks past houses ‘For Sale’ in a residential street in London, Britain, September 27, 2022. REUTERS/Hannah McKayLONDON, July...
Bank of England’s Bailey vows to ‘see the job through’ on inflation
Under pressure, Bailey says "crucial" to see job throughUK inflation is running higher than in any other G7 economyBailey largely...
Wall Street dips on jitters ahead of Fed minutes
Moderna climbs on deal to develop mRNA medicines in ChinaChip stocks slide on China's export curbsU.S. May factory orders miss expectationsFed minutes awaited at 2:00 p.m. ETIndexes down: Dow 0.16%, S&P 0.05%, Nasdaq 0.07%July 5 (Reuters) - Wall Street's main indexes fell on Wednesday ahead of the Federal Reserve's June meeting minutes, while weak U.S. and China economic data as well as rising Sino-U.S. tensions dented investor sentiment.May U.S. factory orders rose less than expected, according to a Commerce Department report, fanning fears of a slowdown due to high interest...