Category: Economy

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Analysis: U.S. banks face trillion-dollar reverse repo headache

Analysis: U.S. banks face trillion-dollar reverse repo headache

The trillions of dollars in overnight cash tucked away daily at the Federal Reserve could turn into a major headache for banks that could squeeze thei [...]
UK leadership candidate Truss forced into U-turn on public sector pay

UK leadership candidate Truss forced into U-turn on public sector pay

Foreign minister Liz Truss, the frontrunner to replace British Prime Minister Boris Johnson, was forced to backtrack on one of the her most striking p [...]
Voluntary liquidations hit record high in England and Wales

Voluntary liquidations hit record high in England and Wales

The number of companies filing for voluntary liquidations in England and Wales hit a record high in the second quarter of this year as businesses stru [...]
Dollar sinks below 132 yen as traders boost recession bets

Dollar sinks below 132 yen as traders boost recession bets

The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Fed [...]
Euro zone factory activity contracted in July as recession fears grow

Euro zone factory activity contracted in July as recession fears grow

Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed [...]
HSBC set to pay some UK staff 1500 pounds to combat cost of living crisis

HSBC set to pay some UK staff 1500 pounds to combat cost of living crisis

HSBC will pay some of its British workforce a one-off payment of 1500 pounds ($1,830) to help them deal with the cost of living, a memo seen by Reuter [...]
GRAPHIC-Bank of England probes the persistence of UK’s inflation surge

GRAPHIC-Bank of England probes the persistence of UK’s inflation surge

The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliv [...]
Portugal’s July inflation rise at fastest pace since Nov 1992

Portugal’s July inflation rise at fastest pace since Nov 1992

Portuguese consumer prices jumped 9.1% year-on-year in July, the fastest pace since November 1992, up from 8.7% in June, flash data from the National [...]
UK consumers borrow more in face of cost-of-living squeeze

UK consumers borrow more in face of cost-of-living squeeze

British consumer lending rose last month at its fastest since May 2019 - boosted by a big rise in credit card borrowing as households face a cost-of-l [...]
UK defence minister Wallace endorses Truss for PM

UK defence minister Wallace endorses Truss for PM

British foreign minister Liz Truss received a boost for her campaign to become the country's next prime minister when Defence Secretary Ben Wallace ga [...]
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