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Exclusive-Morgan Stanley to slash 2022 banker bonuses in Asia by up to half – sources
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Britain braces for winter of strike action as nurses walk out
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Metro Bank, former top bosses fined over reporting error
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European food delivery shapes up with Getir’s Gorillas buy
Oil edges up on U.S. pipeline restart uncertainty, Russian supplies
Date: December 12, 2022
By Emily Chow SINGAPORE (Reuters) -Oil prices rose as much as more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 41 cents, or 0.5%, at...
Dollar gains as inflation pressures persist; eyes on central bank meetings
Date: December 12, 2022
By Rae Wee SINGAPORE (Reuters) – The dollar climbed on Monday after data on Friday showed U.S. producer prices had risen more than expected last month, pointing to persistent inflationary pressures and a chance the Federal Reserve would keep interest rates higher for longer. The dollar rose 0.35% against the Japanese yen to 137.05. Against...
UK lenders see 23% slide in mortgages for home-buyers in 2023
Date: December 12, 2022
By David Milliken LONDON (Reuters) – British banks and building societies expect to lend 23% less to home-buyers next year, taking mortgage volumes back to their level before the COVID pandemic after a two-year boom that lifted house prices by more than a quarter. Trade body UK Finance forecast on Monday that gross mortgage lending...
UK manufacturers expect output to fall 3.2% in 2023
Date: December 12, 2022
By David Milliken LONDON (Reuters) – British manufacturers expect output to fall by 3.2% next year after a 4.4% decline in 2022, as they are hit by rising raw material prices and borrowing costs and a slide in consumer demand, a trade body said on Monday. “There is simply no sugar-coating the outlook for next...
King Charles releases photo for first Christmas card as monarch
Date: December 12, 2022
LONDON (Reuters) – Buckingham Palace on Sunday released the photograph for King Charles’ first Christmas card as monarch, a picture of the then-heir to the throne with his wife Camilla at the Braemar Games in Scotland. The Braemar Gathering is a celebration of traditional Scottish games, sports and dancing in Braemar, a village 60 miles...
Explainer-How Britain is exploiting Brexit to reform finance?
Date: December 9, 2022
By Huw Jones LONDON (Reuters) – Britain proposed over 30 reforms on Friday to bolster the City of London’s role as a global financial centre, now outside the European Union and facing competition from Amsterdam, Paris and Frankfurt, as well as New York and Singapore. IS THIS BIG BANG 2.0? Not quite, but it marks...