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Finance

Finance

Safe-haven franc rises as Iran war drags on; dollar dips after US payrolls drop

Bermuda Broadcasting Newsdesk -
The dollar fell 0.4% against the Swiss franc to 0.7778, while the euro slid 0.5% to 0.9018 franc International News via Reuters: The safe-haven Swiss franc...
Finance

Bank of England scrutinizes lenders’ ties to collapsed mortgage provider MFS, FT reports

Bermuda Broadcasting Newsdesk -
MFS was placed into administration last week following allegations of financial irregularities and mismanagement, prompting concerns over banks' and private credit funds' exposure to...
Finance

Axel Springer buys UK’s Telegraph for $766 million, ending ownership limbo

Bermuda Broadcasting Newsdesk -
The deal gatecrashed Daily Mail owner DMGT's attempt to buy its broadsheet rival, which had been facing regulatory probes in Britain amid concerns about...
Finance

FTSE indexes set for worst week in nearly a year as Middle East tensions weigh

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 dipped 0.1% by 1130 GMT, while the FTSE 250 was flat, but both the indexes were on course for their...
Finance

Sterling pulls back as Iran war sees investors flock to safe havens

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.15% against the dollar to $1.3335 on the day, and set for a weekly decline of around 1.1% International News via...
Finance

US and Britain split over crypto collaboration, sources say

Bermuda Broadcasting Newsdesk -
The U.S. and Britain announced in September a taskforce for reducing regulation for companies seeking to access each other’s markets and to improve digital...
Finance

London stocks rise after two-day slide; home builders slump

Bermuda Broadcasting Newsdesk -
Heavyweight lenders, which took a beating on economic concerns stemming from the war this week, led the recovery with HSBC, Standard Chartered and Barclays...
Finance

Sterling gets brief respite; energy prices in focus

Bermuda Broadcasting Newsdesk -
With investors focused on the U.S.-Israeli war against Iran and the resulting surge in global energy prices, UK markets offered little reaction to finance minister...
Finance

UK stocks log biggest drop in nearly a year on inflation fears

Bermuda Broadcasting Newsdesk -
Brent crude gained nearly 7%, while European gas prices soared 15% after the U.S.-Israeli war on Iran halted energy exports from the Middle East International...
Finance

European markets hurting as Iran war widens

Bermuda Broadcasting Newsdesk -
ING says the euro zone is the most exposed major economy to the conflict, making the region, which has benefited from investor diversification out...
Finance

Travel stocks tumble as US-Iran war sparks worst disruption since pandemic

Bermuda Broadcasting Newsdesk -
Dubai, the world's busiest international hub, and Doha remained shut for a third day, leaving tens of thousands of passengers stranded as aviation faced...
Finance

UK stocks plunge as Iran conflict sparks global selloff

Bermuda Broadcasting Newsdesk -
Oil prices surged almost 8% after retaliatory Iranian attacks disrupted shipping in the crucial Strait of Hormuz following the weekend's bombing by Israel and...
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