inflation

UK midcaps at three-week low as recession fears grow

UK midcaps hit a three-week trough on Monday while the export-centric FTSE 100 eased from its recent peak on fears…

3 years ago

Morning Bid: Yuan, euro and pound head down the Hole

Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two years against China's…

3 years ago

Ghana delivers biggest rate hike ever at emergency meeting

Ghana's central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an…

3 years ago

Foxconn starts to feel sting of slowing smartphone sales

Apple (AAPL.O) iPhone assembler Foxconn (2317.TW) gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand…

3 years ago

Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill

Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill…

3 years ago

Italy’s Ali Group sees shelter from economic storm in Welbilt deal

Welbilt's exposure to the U.S. fast-food market will make new Italian owner Ali Group more resilient in a slowing global…

3 years ago

Euro zone inflation hits yet another record high after big jump

Euro zone inflation rose to another record high in July and its peak could still be months away, keeping pressure…

3 years ago

ECB to join rate hike club with big move under discussion

The European Central Bank will raise interest rates for the first time in 11 years on Thursday with a bigger-than-flagged…

3 years ago

Royal Mail to change name, could separate underperforming UK business

Royal Mail (RMG.L) said it would rename its holding company International Distributions Services Plc and could separate its UK business, where its…

3 years ago

Swedbank misses second quarter profit forecasts, maintains 2022 cost cap

Swedish lender Swedbank (SWEDa.ST) reported a smaller-than-expected net profit for the second quarter on Tuesday, as higher costs and lower trading gains…

3 years ago