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Bank of England’s Carney tells investors they are too relaxed on rates

LONDON (Reuters) – Bank of England Governor Mark Carney said on Thursday investors were underestimating how much interest rates could rise, even as the British central bank kept borrowing costs on hold due to Brexit uncertainty. Sounding more hawkish than Read more ›

British banks approve fewer mortgages in February as Brexit nears – UK Finance

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – British banks approved fewer mortgages in February than during January, industry data Read more ›

S.Korea c.bank chief says may change policy course if ‘recovery sentiment’ worsens

SEOUL, March 25 (Reuters) – South Korea’s central bank chief on Monday said the bank may change its current cautious stance on monetary policy should “recovery sentiment” worsen significantly, signaling it could ease policies if needed. “We can think about 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 ›

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 ›

Trump calls Fed ‘only problem’ in U.S. economy; markets slump

WASHINGTON (Reuters) – President Donald Trump blasted the Federal Reserve on Monday, describing it as the “only problem” for the U.S. economy, as top officials convened to discuss the growing rout in stock markets caused in part by the president’s Read more ›

UK short-run inflation expectations edge up to 2.7 percent – Citi/YouGov

FILE PHOTO: Shoppers are reflected in a shop window as they walk along Oxford Street on the last Saturday before Christmas, in London December 21, 2013. REUTERS/Luke MacGregor/File Photo LONDON (Reuters) – The British public’s expectations for inflation over the Read more ›

DUP says will vote against Brexit deal unless backstop removed

Democratic Unionist Party (DUP) leader Arlene Foster speaks, at the DUP annual party conference in Belfast, Northern Ireland November 24, 2018. REUTERS/Clodagh Kilcoyne DUBLIN (Reuters) – The leader of the small Northern Irish party propping up Prime Minister Theresa May’s Read more ›

Global shares slip on China growth fears, dollar gains

NEW YORK (Reuters) – Global equity markets fell on Monday amid unease over the impact of the U.S.-China trade war on China’s growth, while the dollar gained against the euro as Italian bond yields spiked on a brewing spat over Read more ›

Dollar scales 11-month peak on yen as U.S. yields surge

SYDNEY (Reuters) – The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U.S. economic data drove Treasury yields to their highest since mid-2011, while Japanese stocks attempted to re-claim a 27-year peak. Visitors are seen Read more ›