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UK inflation up, London house prices fall by most since 2009

LONDON (Reuters) – Britain’s main inflation rate ticked up last month but stayed close to January’s two-year low, helping consumers maintain their spending power as wage growth also picked up, even though the timing of Brexit remained uncertain. FILE PHOTO Read more ›

Shanghai stocks flat after China reiterates no flood of stimulus

* SSEC flat, CSI300 falls 0.9 pct, HSI 0.5 pct lower * Trump predicts “good deal” or no deal in China trade talks SHANGHAI, March 7 (Reuters) – Chinese stocks were flat on Thursday at the end of a choppy Read more ›

UK borrowers, defying Brexit nerves, regain appetite for credit

LONDON – British households took out more mortgages and increased their borrowing in January, adding to signs that consumers are less worried about Brexit than many businesses, Bank of England data showed. FILE PHOTO: A Union Jack themed Visa credit Read more ›

China’s Xi: financial sector must serve the real economy

FILE PHOTO: Chinese President Xi Jinping speaks during an event to commemorate the 40th anniversary of the “Message to Compatriots in Taiwan” at the Great Hall of the People in Beijing, China January 2, 2019. REUTERS/Mark Schiefelbein/Pool BEIJING (Reuters) – Read more ›

Bank of England’s Vlieghe scales back rate hike view

LONDON (Reuters) – The Bank of England can probably raise interest rates only around once a year, given the weakening of the economy in Britain and around the world, and even that slow pace might be too much, a top Read more ›

Russian court extends custody of Baring Vostok’s Calvey until April

MOSCOW (Reuters) – A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia’s biggest private equity firms accused of fraud, to be kept in custody until April 13. Founder of the Baring Vostok private equity Read more ›

China stocks climb on trade talk optimism

* .SSEC +0.8 pct, .CSI300 +1.3 pct; .HSI +0.2 pct * U.S. officials in Beijing for fresh talks on trade * Better news expected after wave of profit warnings Hong Kong, Feb 11 (Reuters) – China stocks rose on Monday Read more ›

UK house prices stagnate ahead of Brexit – Nationwide

FILE PHOTO: Estate agent’s signs hang from houses in the Selly Oak area of Birmingham, Britain September 25, 2018. REUTERS/Darren Staples LONDON (Reuters) – British house prices rose by just 0.1 percent in annual terms in January, their weakest increase Read more ›

Trump to choose Treasury’s Malpass to lead World Bank: sources

WASHINGTON (Reuters) – The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Read more ›

Gloom shrouds UK housing market outlook as Brexit nears

LONDON (Reuters) – The outlook for Britain’s housing market is darkening fast ahead of Brexit, with sales expectations falling to their lowest level in at least 20 years by one measure, surveys showed on Thursday. FILE PHOTO: Property sale signs Read more ›