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Finance

Finance

European stocks edge higher as rate cuts keep investors upbeat

Bermuda Broadcasting Newsdesk -
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, for the first time since December, while Norway...
Finance

Most major brokerages see no more BoE cuts this year

Bermuda Broadcasting Newsdesk -
The BoE's widely expected pause on Thursday followed its quarter-point reduction in August, as it navigates sticky inflation and a murky outlook for growth...
Finance

Pound, gilts hit by surge in UK borrowing

Bermuda Broadcasting Newsdesk -
Official data on Friday showed public sector borrowing between April and August totalled 83.8 billion pounds International News via Reuters: The pound headed for its biggest...
Finance

Bank of England slows pace of bond rundown, keeps rates steady

Bermuda Broadcasting Newsdesk -
The central bank kept its main interest rate on hold at 4% after August's quarter-percentage-point cut, as expected International News via Reuters: The Bank of England...
Finance

London stocks rise as Fed cuts rates, unmoved by BoE hold

Bermuda Broadcasting Newsdesk -
Britain's central bank kept its main rate on hold at 4% after last month's quarter-percentage-point cut and nudged up its economic growth forecast for...
Finance

Dollar choppy after Fed decision; pound steady after BoE keeps rates steady

Bermuda Broadcasting Newsdesk -
The pound initially edged up after the BoE's decision, but pared those gains to trade slightly lower on the day at $1.3622 International News via...
Finance

Instant view: Bank of England leave rates on hold, slows down QT

Bermuda Broadcasting Newsdesk -
Policymakers voted 7-2 to slow the annual pace at which it unloads the gilts that it purchased from 2009 and 2021 to 70 billion...
Finance

Sterling steady after UK inflation data and ahead of Fed

Bermuda Broadcasting Newsdesk -
The pound was little changed at around $1.3638, having hit its highest level since early July on Tuesday against a broadly weaker dollar International News...
Finance

European shares edge up as investors await US Fed decision

Bermuda Broadcasting Newsdesk -
The Fed is expected to deliver a 25-basis-point rate cut after its two-day policy meeting concludes on Wednesday International News via Reuters: European shares inched up...
Finance

European shares dip as banks and insurers pull back ahead of Fed decision

Bermuda Broadcasting Newsdesk -
The pan-European STOXX 600 index dropped 0.13% to 555.42, as of 0822 GMT, driven by banks and insurance stocks, which were down about 1%...
Finance

Exclusive-France threatens to block crypto licence ‘passporting’ in EU regulatory fight

Bermuda Broadcasting Newsdesk -
The legislation has already exposed inconsistencies in how national regulators apply the rules International News via Reuters: France has warned it may try to block some...
Finance

AstraZeneca, strong sterling drag FTSE 100 lower ahead of key central bank decisions

Bermuda Broadcasting Newsdesk -
The benchmark FTSE 100 was down 0.12% by 0917 GMT International News via Reuters: London's FTSE 100 index edged lower on Monday, dragged down by heavyweight...
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