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Finance

Finance

ECB’s Rehn urges action to make the euro an ‘anchor of stability’

Bermuda Broadcasting Newsdesk -
His words echo a message by ECB President Christine Lagarde, who in June said the euro's global status needed to be cemented given the...
Finance

Bank of England allots highest amount at 6-month repo since 2020

Bermuda Broadcasting Newsdesk -
The BoE has been seeking to increase usage of the facility as it shifts away from a system of excess reserves in Britain's banking...
Finance

Dollar retreats, consolidates earlier gains, amid US govt shutdown risk

Bermuda Broadcasting Newsdesk -
Data on housing, durable goods, and revisions to the second quarter gross domestic product, meanwhile, came out higher than forecast International News via Reuters: The dollar...
Finance

UK consumer borrowing rises by most since October 2024

Bermuda Broadcasting Newsdesk -
Unsecured consumer borrowing in August was 7.1% higher than a year earlier, up from an annual increase of 7.0% in July and the highest...
Finance

London stocks rally as healthcare leads gains; US government shutdown in focus

Bermuda Broadcasting Newsdesk -
The benchmark FTSE 100 was up 0.6% at 09:36 GMT, while the domestically focused FTSE 250 rose 0.6% International News via Reuters: London stocks rose on...
Finance

Stocks rise, dollar dips and gold roars higher; investors eye US government shutdown

Bermuda Broadcasting Newsdesk -
Gold roared to another high, powered by the dip in the dollar and by investor concerns about the possible ramifications of a U.S. government...
Finance

Dollar set for second straight week of gains after data shows US economic resilience

Bermuda Broadcasting Newsdesk -
The dollar was down 0.18% to 149.52 against the Japanese yen, on track for a fifth consecutive week of gains and trading near its...
Finance

Britain says pushing for better outcome on US pharma tariffs

Bermuda Broadcasting Newsdesk -
Britain on Friday said it was pressing the United States on pharmaceutical tariffs in hope of a beneficial outcome International News via Reuters: Britain on Friday...
Finance

European shares recover from three-week lows on financials, industrials boost

Bermuda Broadcasting Newsdesk -
The pan-European STOXX 600 rose 0.3% to 551.8 points by 0851 GMT, although still on track to record a second successive weekly decline International News...
Finance

Travel stocks lift UK shares higher; investors unmoved by fresh tariff threats

Bermuda Broadcasting Newsdesk -
The benchmark FTSE 100 gained 0.38% at 0926 GMT and headed for a marginal weekly gain International News via Reuters: London stocks inched up on Friday,...
Finance

UK banks press on with tokenised deposits after BoE stablecoin warning

Bermuda Broadcasting Newsdesk -
Banks including HSBC, NatWest and Lloyds have launched a pilot using tokenised deposits for payments via online marketplaces International News via Reuters: Britain's biggest lenders are...
Finance

Global debt hits record of nearly $338 trillion, says IIF

Bermuda Broadcasting Newsdesk -
The Institute of International Finance, a financial services trade group, said that global debt rose over $21 trillion in the first half of the...
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