Britons’ confidence in the economy has fallen for a seventh consecutive month, adding to mounting signs of squeezed spending leading to a recession this year. A monthly index of economic sentiment compiled by YouGov, the pollster, and the Centre for Economic and Business Research fell by 1.2 points last month to its lowest since August […]
The Reserve Bank of New Zealand raised its key interest rate by 50 basis points to 2.5% and said the central bank will continue to tighten policy “at pace” until it’s sure inflation is contained. Kathleen Hays and Yvonne Man report on “Bloomberg Markets: Asia.”
While most workers spend July counting down the days to their holidays, arable farmers spend these weeks anxiously watching their crops — and the weather forecast — ahead of the harvest. However this year the anxiety is building. Dry weather and soaring fuel and fertiliser costs mean that the yield and margins on the crops […]
Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid. The San Francisco-based social-media platform is now asking a judge to force the billionaire to follow through on his offer. Jef Feeley reports on Bloomberg Television.
The Bank of Korea stepped up its battle against inflation now running at a 23-year high. The central bank raised its key interest rate by a half-percentage point to 2.25% on Wednesday. It’s its biggest increase since rates became the BOK’s primary monetary tool in the late 1990s. Min Joo Kang, senior economist at ING, […]
Low growth and inequality have left British households £8,800 worse off than their counterparts in other wealthy countries, research has found. Living standards in the UK lag those in Australia, Canada, France, Germany and the Netherlands, with low and middle-income households affected most severely, according to analysis by the Resolution Foundation think tank and the […]
Twitter sued Elon Musk last night for violating his $44 billion deal to purchase the social network and asked a Delaware court to force the world’s richest man to complete the takeover. The social media group alleged that Musk had caused “irreparable harm” by breaching their deal, which it has vowed to enforce. He moved […]
Abu Dhabi sovereign wealth fund Mubadala Investment Co. is in talks to purchase New York-based asset manager Fortress Investment Group from Japanese conglomerate SoftBank Group Corp., according to people with knowledge of the matter. Kamaron Leach reports on Bloomberg Television.
BSE Sensex and NSE Nifty 50 were ruling nearly half a per cent down on Tuesday, dragged by losses in HDFC Bank, Infosys, ICICI Bank, Housing Development Finance Corporation (HDFC), and HUL, among others. In late morning deals, BSE Sensex hit day’s low of 54,054, while NSE Nifty 50 fell to 16,103.35. So far in […]
The country’s exports are likely to register a “reasonable level” of growth in the current financial year despite the global uncertainties on the trade front, Commerce and Industry Minister Piyush Goyal has said. Clearly, there are signs of a global slowdown in international trade and India is keeping a “watchful” eye on the developments by […]