Financial Services
Bank of England raises UK interest rates to highest level since 2008
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. The decision on Thursday by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets
Stock market today: Wall Street futures lower ahead of second look at US inflation data this week
Wall Street leaned lower in premarket trading ahead of the U.S. government’s second inflation report in two days
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is slipping, and the S&P 500 is 0.3% lower in morning trading
Stock market today: Asian shares mostly lower on looming worry over US banks, China growth
Asian shares are trading mostly lower on looming worries over U.S. banks and lagging demand from China, the region’s major driver of growth
Stock market today: Global shares dip, markets eye inflation
Global shares are declining in muted trading as investors await an upcoming report on U.S. inflation, an important indicator for where interest rates and global growth might go in the coming months
Stock market today: Wall Street rises after inflation data
A relieved Wall Street is rising after a report showed inflation is making strides toward easing, even if it remains too high
Stock market today: Wall Street is mixed after inflation report
Wall Street is mixed after a report showed inflation is making strides toward easing, even if it remains too high
Central Bank of Cyprus: Economy to grow by 2.6% this year
The governor of the Central Bank of Cyprus says the island nation’s economy is expected to grow by 2.6% this year, a full three points lower than in 2022
Stock market today: Asia dips ahead of US inflation report
Asian shares are declining in muted trading as investors await an upcoming report on U.S. inflation, an important indicator for where interest rates and global growth might go in the coming months
Stock market today: World shares gain after Wall St rally
World shares have begun the week mostly higher after a broad rally on Wall Street partly spurred by Apple's report of better profit than expected