By a 5-4 vote, Bank of England (BoE) officials held the central bank’s interest rate untouched at 3.75 percent last week, as economists had expected.
Tag: Economy
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ECB HOLDS INTEREST RATE STEADY
The European Central Bank rate-setting committee (ECB) left the bank’s key interest rate at 2 percent last week.
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TRUMP MAKING BRAIN-DEAD BIDEN LOOK GOOD?
A newly released poll found that a majority of Americans – by a small margin – say they believe former President Joe Biden ran the country better than his successor, Donald Trump.
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SPOTLIGHT: BIGS GETTING BIGGER
Civitas Resources and SM Energy are merging in an all-stock deal worth $13 billion that will create a major natural gas producer in the shale-rich Permian Basin underlying Texas and New Mexico.
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SPECIAL REPORT: THE WORLD’S SHRINKING MANUFACTURING SECTOR
Donald Trump’s recent trade negotiations with China and South Korea seemed positive, but they did little to soothe concerns among the region’s exporters about U.S. demand, Reuters reported.
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BANKS ATTACK ECB’S PLAN FOR A DIGITAL EURO
A battalion of 14 European banks—including heavyweights BNP Paribas, Deutsche Bank, and ING—have warned that the European Central Bank’s (ECB’s) plan to issue a digital euro will undermine the private sector’s payment system.
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OIL DEMAND WILL KEEP RISING UNTIL 2040, OIL MAJOR SAYS
Concerns over energy security, the U.S.’s slower-than-expected switch to electric cars, and political fragmentation exemplified by the current tariff war are among factors that will drive oil demand steadily higher until about 2040, French oil major TotalEnergies wrote in its annual outlook report.
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AI STOCK SURGE SPARKS FEARS OF A BUBBLE IN ASIAN MARKETS
Just six companies deeply involved in the boom in artificial intelligence (AI) technology have driven half the gains in Hong Kong’s Hang Seng stock index this year, according to calculations by the Financial Times.
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EUROZONE SPENDING TICKS DOWN AS CONSUMER SENTIMENT RISES
The amount of goods and services consumers bought among the 20 countries sharing the euro currency ticked down by 0.1 percent in October, despite a survey of consumer confidence that found consumers to be more optimistic than at any time since February.