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Sterling traders race to hedge risk ahead of UK budget, US election
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Asia shares stumble on China anxiety; gold and bitcoin rally
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Embracing Humanity in Finance – The Rise of B2H (Brand-to-Human) Marketing
Business
Sainsbury’s boss looks to UK budget to lift spending gloom
London blue-chips slip as sterling jumps after retail sales beat
Date: September 20, 2024
(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains riding on a rise in global risk sentiment following the U.S. Federal Reserve’s bumper rate cut. At 0715 GMT, the FTSE 100 fell 0.5%, as a 0.4% rise in the British pound...
British ministers head to Gulf for talks on new trade deal
Date: September 16, 2024
(Reuters) – Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi...
Stocks edge lower, oil jumps on supply concerns over Mideast, Libya
Date: August 26, 2024
By Chibuike Oguh and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World equity markets edged lower on Monday as markets digested the likelihood of U.S. interest rates being lowered soon, even as oil prices jumped amid increased tensions in the Middle East. The benchmark S&P 500 index and the Nasdaq gave up early gains and traded lower,...
Bank of England to deliver one more rate cut this year, economists say: Reuters poll
Date: August 22, 2024
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. At the August meeting, the Monetary Policy Committee trimmed Bank Rate to 5.00% from a 16-year...
Morning Bid: With US economy humming, a quarter point will do
Date: August 16, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. economy is doing just fine and markets now accept a quarter-point rate cut from the Federal Reserve next month will be enough to get the easing cycle going as disinflation resumes. That was the basic conclusion from a torrent...
Google launches enhanced Pixel phones in bid to leverage AI tech
Date: August 14, 2024
By Kenrick Cai and Max A. Cherney MOUNTAIN VIEW, California – Alphabet’s Google on Tuesday unveiled a lineup of new Pixel smartphones with deeper integrations of its artificial intelligence technology as it races to incorporate AI into its hardware. The upgrades include a Pixel-only feature that lets users search for information stored in screenshots. Android users can also now pull up Gemini, Google’s chatbot, as an...