Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. The growing interest of US financial institutions in contracts that allow people to bet on future events is fueling new growth in a market best known for the battle over regulation of the legality of betting … Read more
New Labour Prime Minister Keir Starmer will make his position known during the Speech from the Throne on July 17. (REUTERS/Reuters) The Labour Party won a landslide victory on Thursday night, taking the British Parliament to 412 seats by Friday afternoon. Eleven members of the outgoing Conservative government lost their seats, in a defeat for … Read more
Britain’s biggest banks have launched a new war over mortgage prices. Barclays and HSBC cut interest rates for the second time in two weeks. Major lenders are lowering their fixed mortgage rates It could come as a relief to borrowers looking for a better deal, but given the higher interest rates, many people looking to … Read more
Two months into Liz Truss’s premiership, more than 104,000 people took out mortgages, likely with higher interest rates as a result. By means of Sarah Taaffe-Maguire, Business Reporter @taaffems Wednesday, July 3, 2024 6:17 PM, UK Her time at the top of the Conservative Party ended in memorable fashion just 42 days after she became … Read more
Stay informed with free updates Simply register for the Global inflation myFT Digest – delivered straight to your inbox. Central banks should not cut interest rates too quickly because of the risk of a new inflation flare-up, the Bank for International Settlements has warned. Policymakers around the world are considering how quickly to ease monetary … Read more
Monthly inflation in Australia has risen to its highest level in 2024, providing the latest indication that the Reserve Bank will not cut rates anytime soon and may raise them again. Consumer prices rose 4% last month from a year earlier, the Australian Bureau of Statistics said on Wednesday. That compares with the 3.6% recorded … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A top Federal Reserve official has backed more rate hikes if inflation remains at current levels. He says immigration and aggressive fiscal stimulus are likely to cause U.S. prices to rise faster than in other … Read more
One source said both titles were profitable and had delivered strong growth in recent months, meaning interest was expected to be robust. It is believed that some candidates will be interested in both newspaper and magazine, while others will bid on just one title. RedBird IMI hopes to recoup the £600 million it paid last … Read more
14 hours ago By means of Dearbail Jordan and Faisal Islam, Business reporter and economics editor Getty Images The Bank of England opened the door to a rate cut in August, which would be the first fall in borrowing costs in more than four years. In a close-run decision on Thursday, the Bank voted to … Read more
Get the free Morning Headlines email for news from our reporters around the world Sign up for our free Morning Headlines email The Bank of England has refused to cut interest rates from a 16-year high – despite inflation finally falling to reach its 2 percent target. Homeowners struggling with rising mortgages will be forced … Read more