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Finance

Pound nudges at four-week highs; volatility picks up

Bermuda Broadcasting Newsdesk -
Sterling was last up 0.1% on the day at $1.34. It has risen by over 2% since hitting a seven-month low in late June,...
Finance

Oil surges, stocks tumble as Trump declares Iran MOU ‘over’

Bermuda Broadcasting Newsdesk -
Trump, who was speaking in Ankara ahead of a NATO summit in the Turkish capital, added that he did not want to engage with...
Finance

Sterling steady as US-Iran tensions flare up again

Bermuda Broadcasting Newsdesk -
Brent crude futures jumped after Trump's comments, made before a NATO summit in Turkey, and were last up 5.61% to $78.36 a barrel International News...
Finance

Bank of England sees growing risks to financial stability from AI

Bermuda Broadcasting Newsdesk -
In a half-yearly assessment of risks to Britain's financial system, the central bank said previous risks it had identified from stretched share price valuations,...
Finance

Bank of England sets out plan to ease bank leverage rules

Bermuda Broadcasting Newsdesk -
The BoE's Financial Policy Committee said it would soften the impact of the leverage ratio, which requires lenders to hold a minimum ratio of...
Finance

Stocks slip; Samsung’s record profit revives jitters on AI outlook

Bermuda Broadcasting Newsdesk -
Samsung Electronics forecast a 19-fold jump in April-June operating profit to 89.4 trillion won ($58.4 billion), a third straight quarter of record operating profit...
Finance

Sterling hits three-week high versus dollar

Bermuda Broadcasting Newsdesk -
Sterling rose to $1.3401, the highest since June 17, before slipping slightly to trade at $1.338 International News via Reuters: The pound rose to a three-week...
Finance

Stocks gain, oil dips as Iran and chips swing markets

Bermuda Broadcasting Newsdesk -
In the early afternoon, all three major U.S. indices were higher, after European stocks flirted with record highs earlier in the day before retreating...
Finance

Britain’s FTSE indexes slip as miners offset financial gains

Bermuda Broadcasting Newsdesk -
The blue-chip FTSE 100 index fell 0.1% to 10,663.68 points by 1037 GMT, while the midcap FTSE 250 slipped 0.06% International News via Reuters: London's FTSE...
Finance

Pound breaks seven-day rally as dollar steadies after jobs data

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.1% at $1.3338 and was steady against the euro, which traded at 0.8055 pounds International News via Reuters: The pound fell on...
Finance

Global stocks climb as US jobs data cools Fed hike fears

Bermuda Broadcasting Newsdesk -
Europe's broadest index hit a record high on Friday, and was set for its biggest weekly gain in over a month International News via Reuters: Global...
Finance

Sterling set for biggest weekly jump in 12 weeks on easing political risk, soft dollar

Bermuda Broadcasting Newsdesk -
Sterling was up 0.1% at $1.3357, taking its weekly gain to 1.2%, its biggest weekly jump against the dollar since early April International News via...
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