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Finance

Finance

Oil resumes its climb, stocks tumble on Trump statements

Bermuda Broadcasting Newsdesk -
Brent crude surged more than 7% to around $110 a barrel after Trump said in a prime-time address on Wednesday that the U.S. would...
Finance

FTSE 100 closes higher after Britain’s move to hold talks on Strait of Hormuz

Bermuda Broadcasting Newsdesk -
British foreign minister Yvette Cooper will chair the virtual meeting of about 35 countries, including France, Germany, Italy, Canada and the United Arab Emirates...
Finance

Safe-haven bid pushes dollar higher as Trump talks tough on Iran

Bermuda Broadcasting Newsdesk -
Trump vowed more aggressive strikes on Iran in the next two to three weeks during his televised speech on Wednesday International News via Reuters: The dollar...
Finance

UK firms report biggest jump in price expectations in nearly two years, BoE survey shows

Bermuda Broadcasting Newsdesk -
The BoE is keeping a close watch on companies' pricing plans as it tries to gauge how much of the spike in energy prices...
Finance

Sterling slides as Trump vows more strikes on Iran, driving up dollar

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.7% at $1.321, just a day after rising 0.6% on hopes that the war could soon be winding down International News...
Finance

Exclusive-Bank of England’s Bailey says investors should not count on UK rate hikes

Bermuda Broadcasting Newsdesk -
Bailey, speaking to Reuters at the central bank's London headquarters, said BoE policymakers would need to keep a clear focus on risks to growth...
Finance

Dollar lower against yen and euro as Middle East ceasefire hopes rise

Bermuda Broadcasting Newsdesk -
President Donald Trump said in a Reuters interview that the U.S. will end its war on Iran fairly soon and could return for "spot...
Finance

UK equities climb 1% as Trump signals end to Iran war

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 rose 1.6% at 1044 GMT, while the midcap FTSE 250 climbed 1.8% International News via Reuters: London's main indexes climbed on Wednesday...
Finance

World markets rocket higher on optimism Iran war could end soon

Bermuda Broadcasting Newsdesk -
Europe's STOXX 600 jumped as much as 2.5% in early trade and was last up 2% - still on track for its biggest daily...
Finance

UK food inflation heading towards 10% due to Iran war, industry says

Bermuda Broadcasting Newsdesk -
The Food and Drink Federation (FDF) said food and non-alcoholic drink inflation, previously expected to ease to 3.2% by December 2026, would now climb...
Finance

UK’s main indexes head for biggest monthly drop since 2020 as Middle East conflict weighs

Bermuda Broadcasting Newsdesk -
Global equities bounced after the Wall Street Journal reported U.S. President Donald Trump told aides he would be willing to halt the military campaign...
Finance

European stocks gain on hopes for Iran de-escalation, oil set for record monthly rise

Bermuda Broadcasting Newsdesk -
Iran attacked a fully-loaded oil tanker off Dubai early on Tuesday after President Donald Trump warned the United States would obliterate Iran's energy plants...
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