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Finance

FTSE 100 tumbles 2% as AI jitters spark global selloff

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 2.2% to 10,540.78 points by 1143 GMT, on track for its worst session since mid-March, while the midcap...
Finance

Sterling dips as stock rout boosts dollar, outweighs rate rise boost

Bermuda Broadcasting Newsdesk -
The major domestic event of the week was Thursday's Bank of England meeting, which saw a rate rise and strong hints that at least...
Finance

FTSE slips as bank, defence stocks fall; BoE delivers first rate hike in 3 years

Bermuda Broadcasting Newsdesk -
The FTSE 100 index closed 0.43% lower at 10,782.66 after touching a near three-month high earlier in the session, while the FTSE 250 was...
Finance

Euro set for fourth straight daily rise as energy prices fall

Bermuda Broadcasting Newsdesk -
A resolution of the conflict could restore Middle East oil flows disrupted by the war International News via Reuters: The euro rose for a fourth straight...
Finance

Sterling set for seventh daily rise versus dollar ahead of BoE meeting

Bermuda Broadcasting Newsdesk -
The central bank is expected to bow to inflation pressure from soaring energy costs and raise interest rates, though it may push back against...
Finance

Europe’s STOXX 600 hovers near all-time high; tech lags

Bermuda Broadcasting Newsdesk -
The pan-European STOXX 600 index rose 0.7% to 661.99 points by 0905 GMT International News via Reuters: Strong mining gains led European shares higher on Thursday,...
Finance

Chip stocks, oil sink in the aftermath of Democratic election sweep

Bermuda Broadcasting Newsdesk -
Brent crude futures dived nearly 9% overnight, falling below $100 a barrel. Brent has dropped by about 20% so far this week International News via...
Finance

European shares jump over 1% after Democrats sweep US Congress, Novo Nordisk surges

Bermuda Broadcasting Newsdesk -
The pan-European STOXX 600 index ended 1.82% higher at 657.40 points, its highest since August 26 and marking its steepest one-day gain since June...
Finance

FTSE 100 climbs 1% on banks, miners boost

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index rose 1.18% to 10,764.49 points by 1121 GMT — on track for its biggest one-day percentage gain in about...
Finance

British pound hits seven-week high against wilting dollar

Bermuda Broadcasting Newsdesk -
Sterling rose 0.63% against the dollar to $1.3495 at 10:22 GMT and was at 83.43 pence per euro, a touch firmer on the day International...
Finance

UK regulator warns car finance firms against low-ball redress offers

Bermuda Broadcasting Newsdesk -
The Financial Conduct Authority set out "minimum expectations" for redress offers as Barclays became the first UK bank to announce "full and fair" settlement...
Finance

FTSE 100 slips as inflation fears build on oil rise

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.5% to 10,705.31 points by 1043 GMT, while the midcap FTSE 250 slipped 0.3% International News via Reuters: Britain's FTSE...
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