BNY strategists John Velis and David Tam see elevated US supercore inflation as a key argument for further tightening but still favor a July hold. They note that core services ex shelter has run above its pre-COVID pace…
eBay and some former executives have agreed to pay a couple $56m (£42m) after a campaign of harassment in retaliation for their online criticism of the firm.
Prime Minister Andy Burnham will have to raise taxes or cut spending to meet his pledges on defence and the cost of living, a major think tank has said.
The Aussie trades just beneath 0.7000 on Tuesday, down around 0.25% and last in the G10 queue, after a Sydney address from the Reserve Bank of Australia's Governor gave the hike case nothing to eat. The session covers b…
Commerzbank’s Norman Liebke reports that Silver has fallen from USD 70 to USD 57.50 per troy ounce and that the bank has lowered its forecasts, now seeing USD 67 by year-end and USD 80 by end‑2027. Despite substitution …
USD/MXN trades around 17.40 on Tuesday, posting modest losses for a third consecutive session. The US Dollar (USD) retains a broadly firm tone despite softer-than-expected United States (US) data, as investors await the…
Competitiveness in the global space economy should be a priority for the United States, but ineffective regulations weigh down the American commercial space industry. While last year’s executive order was a good start, …
USD/JPY trades slightly higher near the 163.80 area on Tuesday, remaining close to multi-decade highs as the Japanese Yen (JPY) struggles to attract demand. Softer United States (US) consumer confidence data limited the…
The Euro is on track for its eighth gain in nine sessions against the Pound, and the explanation that would normally cover a run of that length is not available. Bank Rate sits 150 basis points above the European Centra…
The US Dollar (USD) trades slightly lower on Tuesday as investors reduce some exposure ahead of Wednesday’s Federal Reserve (Fed) monetary policy announcement. The Greenback remains close to its recent monthly high, how…
A Labour MP who is taking legal action against Elon Musk’s xAI company over fake sexualised images created by Grok says the AI tool was instructed to operate with “no restrictions on adult sexual content or offensive co…
When the opportunity arose to return to the UK and lead Swiss Re’s UK&I business as CEO in January 2022, it represented a natural next step for Jason Richards (pictured). With 25 years’ experience at the global reinsura…
Fifa has announced plans to sell the commercial rights to its tournaments, including the World Cup, to private investors in a controversial move that triggered an immediate backlash from Uefa and leading European clubs .
Some parents on benefits will be given up to £4,500 a year to encourage their children to start apprenticeships, the government has said.
The Dow Jones Industrial Average trades just short of 52,900 on Tuesday, higher by close to 700 points and 1.3%, roughly 450 points beneath the record it set in the first week of July. Taken alone, that reads as a broad…
Young people will be expected to engage with new support to find work, Pat McFadden has said, as he announced parents receiving benefits could get £4,500 a year if their child starts an apprenticeship.
BNY’s Geoff Yu highlights that Reserve Bank of Australia (RBA) Governor Michele Bullock signaled a possible rate hike at the August 10–11 meeting, stressing inflation is still too high and productivity weak. She noted d…
The British drugmaker GSK is to announce sweeping job cuts as part of a £1.9bn cost-cutting programme to pay for a £400m investment in UK life sciences over the next three years, including in a new research and developm…
The Swiss Franc (CHF) steadies against the US Dollar (USD) on Tuesday as the Greenback gives up its early gains, with traders turning cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesd…
Gold trades near $4,020 in the New York morning, down roughly 1.4% on a session that started near $4,075 and never built a bid. The slide ran straight through a global equity shock that should have been the strongest ad…
USD/CAD trades near 1.4105 on Tuesday at the time of writing, down 0.14% on the day, though the pair remains close to its recent highs as traders refrain from taking aggressive positions ahead of the Federal Reserve (Fe…
Türkiye’s stock market continued its winning streak on Monday as the BIST 100 index closed at 12,254.83 points, up 0.44% in its sixth consecutive record high close.
AUD/USD trades lower near the 0.6970 area on Tuesday, falling around 0.3% as the Australian Dollar (AUD) comes under pressure despite hawkish remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock.
ING’s Warren Patterson and Ewa Manthey note that Brent has sold off sharply as US–Iran strikes pause and President Trump signals a “good chance” of a deal. They stress that flows through the Strait of Hormuz and Bab el-…