The Bank of England delayed its next interest-rate decision a week to Sept. 22 to allow a period of mourning after the death of Queen Elizabeth II. The move gives the Monetary Policy Committee more time to consider key inflation and jobs data due to be published next week. It also brings the rate decision […]
Renewable and nuclear power generators will be asked to supply electricity well below current market rates through new contracts that critics said risked locking consumers in a bad deal. Ministers are also understood to have approached several of the biggest North Sea producers about deals to supply gas below today’s sky-high market prices, as Liz […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Alun John Article content LONDON — Sterling jumped against the dollar on Friday, as most majors fought back against the greenback’s recent strength, capping a volatile week in which the pound hit a 35-year low, Britain saw a new prime minister, and Queen Elizabeth passed […]
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Sep 09, 2022 • 15 minutes ago • 2 minute read • Join the conversation Article content The European Central Bank must keep raising interest rates, prioritizing its fight over painfully high inflation, even if that comes at a cost to growth, European Central Bank […]
Article content SINGAPORE — Oil demand in China, the world’s biggest energy consumer, could contract for the first time in two decades this year as Beijing’s zero-COVID policy keeps people at home during upcoming holidays and reduces fuel consumption. Hundreds of millions of Chinese who typically hit the roads and domestic flights during the Mid-Autumn […]
Article content LONDON — The dollar was on track for its first weekly fall in four on Friday, as a hawkish rate hike from the European Central Bank lifted the euro and investors looked to U.S. inflation data early next week. The dollar lost ground across the board, with the dollar index – which tracks […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Anita Komuves Publishing date: Sep 09, 2022 • 22 minutes ago • 3 minute read • Join the conversation Article content BUDAPEST — The Hungarian forint firmed to a more than three-week high on Friday while its CEE peers were Financial Post Top Stories Sign up […]