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Finance

Finance

Bitcoin drops 5% below $90,000; bearish factors rack up

Bermuda Broadcasting Newsdesk -
The world’s largest cryptocurrency fell by as much as 6.1% at one point International News via Reuters: Bitcoin fell below $90,000 on Monday, as a selloff...
Finance

Sterling dips as investors take profit on ‘Rachel rally’

Bermuda Broadcasting Newsdesk -
Sterling gained more than 1% last week, marking its largest weekly gain since early August International News via Reuters: The pound edged lower on Monday, as...
Finance

Sterling set for best week in over three months on UK budget relief

Bermuda Broadcasting Newsdesk -
Reeves fought back on Thursday against criticism of the government's spending plans International News via Reuters: Sterling was heading for its best weekly performance in over...
Finance

Bank of England’s Greene says budget energy measures may help lower price expectations

Bermuda Broadcasting Newsdesk -
Greene said policymakers typically would look through measures that only led to a one-off fall in inflation rather than caused year-on-year falls in prices International...
Finance

French antitrust watchdog dismisses complaint filed against Microsoft

Bermuda Broadcasting Newsdesk -
The Autorite de la Concurrence, as the watchdog is known, said Qwant failed to bring elements sufficiently convincing to sustain its claims International News via...
Finance

Euro zone sentiment indicator, lending data confirm lukewarm growth

Bermuda Broadcasting Newsdesk -
The euro zone economy has proven unexpectedly resilient to trade shocks and uncertainty this year but growth remains unspectacular International News via Reuters: Bank lending to...
Finance

Sterling snaps five-day rally versus the dollar, caution on UK budget

Bermuda Broadcasting Newsdesk -
The greenback edged up against its major peers on Thursday, pausing in what is set to be its biggest weekly decline since July International News...
Finance

UK shares edge higher as miners and banks gain ahead of budget

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 rose 0.2% by 10:55 GMT, while the domestically focused FTSE 250 added 0.3% International News via Reuters: UK stocks advanced on Wednesday,...
Finance

Sterling steady ahead of Britain’s long-awaited budget

Bermuda Broadcasting Newsdesk -
Reeves is expected to raise tens of billions of new tax revenue in a budget that will test her credibility with investors International News via...
Finance

Central bank body BIS appoints new head of digital currency hub

Bermuda Broadcasting Newsdesk -
Often dubbed the central bankers' central bank, the BIS has been looking to fill the role since former Swedish central banker Cecilia Skingsley left...
Finance

Stocks climb, US yields fall on elevated Fed cut expectations

Bermuda Broadcasting Newsdesk -
On Wall Street, the S&P 500 and Nasdaq were lower in the early stages of trading International News via Reuters: Global stocks rose on Tuesday and...
Finance

BoE bond sales may be pushing up borrowing costs by more than thought, research shows

Bermuda Broadcasting Newsdesk -
A study by University of Liverpool economist Costas Milas suggests that the BoE's quantitative tightening programme has raised the 10-year gilt yield by an...
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