Turkey raises year-end inflation forecast
Turkey’s central bank raised its year-end inflation forecast to 24 per cent on Friday from 21 per cent previously and Governor Fatih Karahan said the bank is “not on autopilot mode” ...
Beer maker Carlsberg reports profit growth at top end of guided range
Danish brewer Carlsberg (CARLb.CO) said its annual organic operating profit grew by 6 per cent, at the top end of its guidance range, and forecast further growth of between 1 per ...
UK regulator’s softened ‘name and shame’ plan unconvincing, lawmakers say
British lawmakers said on Thursday that the UK markets watchdog should ditch already softened proposals to publicly name some companies under investigation if it cannot properly balance consumer benefits with ...
Volvo Cars braces for turbulent 2025 after fourth-quarter profit falls
Sweden-based Volvo Cars (VOLCARb.ST) reported a fall in fourth-quarter operating profit on Thursday and predicted a turbulent 2025 with challenging market conditions.
The company, which is majority-owned by China’s ...
Airbus output and deliveries fell in January
Airbus (AIR.PA) had a relatively slow start to the year in commercial jet production and deliveries after sprinting towards the finish line in December following months of supply chain ...
Boeing forecasts 2,835 new planes for India, South Asia over next 20 years
Boeing (BA.N) said on Thursday it expects Indian and South Asian airlines will add 2,835 commercial aircraft to their fleet over the next 20 years, a four-fold increase over current levels, ...
UK inflation expectations fall in January
British households’ expectations for inflation ended a run of increases and fell in January, according to a monthly survey published by Citi and YouGov on Thursday.
The survey showed expectations ...
Bank of England cuts rates as it sees weaker growth and inflation spike
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary, while two officials ...
Bank of England expected to cut rates amidst economic slump, inflation concerns
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles ...
Oil little changed as Trump policies continue to drag on prices
Oil prices edged up in Asian trading on Thursday after Saudi Arabia’s state oil company sharply raised March oil prices, but the increase was barely a blip on the ...
UK services firms speed up job cuts but price pressures strong
British services firms lost momentum last month as a looming rise in employer taxes led to the fastest job cuts in four years but price pressures remained strong, according to ...
Shipping industry key to EU competitiveness, says ECSA
The European Community Shipowners’ Associations (ECSA) have endorsed the European Commission’s new Competitiveness Compass, viewing it as a fundamental initiative for enhancing competitiveness and fostering open trade.
The EU’...
UK grocery inflation slows in January
British consumers received some relief to pressure on their budgets in January as a step-up in supermarket promotions meant grocery inflation edged lower following four straight months of rises, according ...
Gloom deepens among UK businesses, Lloyds survey shows
British businesses turned more pessimistic in January, extending a run of falling corporate confidence to five months, but there were some more hopeful views about trading prospects for the coming ...
UK factory activity contracts for fourth straight month in January, PMI shows
British factories reported another tough month in January as output, new orders and employment all fell, with companies hit by higher costs even before payroll taxes and the minimum wage ...
US tariffs could affect Cyprus through broader economic slowdown, warns expert
Despite Cyprus’ relatively modest trade volume with the US, the island could still experience indirect effects of US tariffs on European goods, warned Sofronis Clerides, professor of economics and dean ...
Oil prices dip as tariffs take effect
US crude prices fell by nearly 2 per cent on Tuesday as US tariffs on China took effect, though President Donald Trump paused for a month a decision on steep levies ...
UK regulator to ease path for retail investors to buy bonds
Britain’s financial watchdog has laid out plans to make it easier for retail investors and wealth managers to buy corporate bonds and for companies to raise capital from these ...
US manufacturing rebounds in January; inputs prices paid measure surges
US manufacturing grew for the first time in more than two years in January amid strong orders, but a measure of prices paid by factories for raw materials rose solidly, ...
OPEC+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the US government’s Energy Information Administration from the sources used to ...
Global hedge funds dump everything but real estate stocks, says Goldman Sachs
Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs (GS.N), just before US President Trump announced tariffs that sent global markets tumbling.
...
US metal buyers likely to turn to Mideast, Chile as tariffs bite
US companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to circumvent sweeping tariffs imposed by US ...
Dollar surges on Trump’s tariffs, sending peers to multi-year lows
The dollar surged on Monday, pushing its Canadian counterpart and the Mexican peso to multi-year lows while China’s yuan slumped to a record trough in offshore trade after US ...
Bitcoin drops to 3-week low as Trump tariffs rattle markets
Cryptocurrency prices slid on Monday, with bitcoin at a three-week low, as the risk of a trade war spooked investors and caused a selloff across financial markets.
Bitcoin , the world’...