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Finance

Finance

Global equities retreat, as oil and dollar advance

Bermuda Broadcasting Newsdesk -
Oil futures advanced, bolstered by signs of strong U.S. demand and uncertainty over efforts to end the war in Ukraine International News via Reuters: Global equities were...
Finance

UK firms report strongest activity in a year in August PMI survey

Bermuda Broadcasting Newsdesk -
Sterling jumped by a fifth of a cent against the U.S. dollar as investors saw the unexpectedly strong reading as lessening the case for...
Finance

Sterling firms against dollar after strong business activity data

Bermuda Broadcasting Newsdesk -
The services data trails a hot inflation print from Wednesday, which had spurred only fleeting gains for sterling International News via Reuters: Sterling gained against the...
Finance

US, EU lock in trade deal; US official sees auto tariff relief in weeks

Bermuda Broadcasting Newsdesk -
In a 3-1/2-page joint statement, the two sides listed the commitments made International News via Reuters: The United States and the European Union on Thursday locked...
Finance

London stocks retreat; investors await Jackson Hole symposium

Bermuda Broadcasting Newsdesk -
The three-day gathering of central bankers is set to begin later in the day, with investors particularly focused on Fed Chair Jerome Powell's Friday...
Finance

Finance industry bodies call for changes to crypto rules for banks

Bermuda Broadcasting Newsdesk -
While the crypto market remains a small part of the overall financial system, it has grown rapidly in recent years, with cryptocurrency prices reaching...
Finance

Dollar steady before Jackson Hole, kiwi drops on dovish RBNZ

Bermuda Broadcasting Newsdesk -
The dollar index, which measures the U.S. currency against six others, was flat at 98.319, after earlier touching a more than one week high...
Finance

US-EU trade deal not far from ECB’s baseline forecast, Lagarde says

Bermuda Broadcasting Newsdesk -
The EU accepted 15% tariffs on most items in the deal agreed last month International News via Reuters: The trade deal between the U.S. and the...
Finance

European equities retreat from 5-month high as tech, defence shares drag

Bermuda Broadcasting Newsdesk -
Britain's blue-chip FTSE 100 dipped 0.2%, after data showed UK inflation rose to 3.8% in July, its highest since early 2024 International News via Reuters: European...
Finance

Finance industry bodies call for changes to crypto rules for banks

Bermuda Broadcasting Newsdesk -
Banks are trying to tap into a shift in the regulatory environment in the U.S., where President Donald Trump has taken a pro-crypto approach International...
Finance

Dollar slips as markets digest Ukraine summit, await Fed comments

Bermuda Broadcasting Newsdesk -
The euro and sterling rose about 0.2% each to $1.1686 and $1.3524, respectively International News via Reuters: The dollar dipped against major peers on Tuesday as...
Finance

BoE to cut interest rates just once more this year, held back by resilient inflation, growth: Reuters poll

Bermuda Broadcasting Newsdesk -
An unexpected surge in inflation to 3.6% in June prompted the BoE to lift its forecast for it to peak at 4.0% this quarter International...
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