Article content UK stocks pared some of their sharp losses on Wednesday after the Bank of England said it would start a temporary program of bond purchases to stabilize the market and added that it would postpone the planned start of its gilt sale program. The blue-chip index slipped 0.3% after dropping as much as […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Alun John and Tom Westbrook Article content LONDON/SYDNEY — The dollar took a pause on Tuesday in what has been a relentless climb higher as Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia […]
Article content LONDON — The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Britain wants a “Big Bang 2.0” – a reference to deregulation of the stock market in the 1980s […]
Article content JOHANNESBURG — Nigeria and Kenya are likely to hike interest rates by a modest 50 basis points in the coming days after months of heavy lifting from other African central banks to try to calm rampant inflation, a Reuters poll found, while Ghana will hold fire. This week’s benchmark interest rate decisions remain […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Giulio Piovaccari and Giuseppe Fonte Article content ROME — Mario Draghi’s outgoing government and Intel have picked the town of Vigasio in the northeastern Veneto region as their preferred site for a new multibillion-euro chip factory in Italy, two people familiar with the […]
Article content HONG KONG — Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter. While that is less than the $1.03 billion the EV maker […]
Article content NEW DELHI — India’s state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil’s national oil company Petrobras to help it diversify its crude oil sourcing. Indian state refiners rarely buy Brazilian oil. The Memorandum of Understanding (MoU) was signed by BPCL Chairman Arun Kumar Singh and Petrobras CEO Caio […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Andy Bruce and Lindsay Dunsmuir Publishing date: Sep 24, 2022 • 51 minutes ago • 3 minute read • Join the conversation Article content LONDON — Britain’s new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40 years, […]
Breadcrumb Trail Links PMN Business Author of the article: Article content TOKYO — A typhoon lashed central Japan on Saturday with torrential rain and fierce winds, killing two and leaving tens of thousands of households without power, the Kyodo news agency reported. Shizuoka city, southwest of the capital, Tokyo, was hit especially hard, seeing a […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Elizabeth Pineau and Geert De Clercq Article content PARIS — France plans to impose a minimum delivery fee of 3 euros ($2.93) for online book orders of less than 35 euros to level the playing field for independent bookstores struggling to compete against e-commerce giants, […]