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Chancellor Rachel Reeves has mentioned the UK doesn’t need to “escalate” Donald Trump’s commerce wars after the US president slapped a brand new 25% tariff on all imported vehicles. Mr Trump signed an government order final night time for the…
(Bloomberg) — Norway’s central financial institution delayed a long-communicated minimize in borrowing prices till later this 12 months as officers responded to a flare-up in inflation. Norges Financial institution held the deposit fee at 4.5%, the best in additional than…
(Bloomberg) — Cnooc Ltd. posted larger annual earnings, as development in vitality output offset weaker costs. China’s largest offshore oil and fuel driller mentioned internet earnings rose to 137.9 billion yuan ($19 billion) in 2024, from 123.9 billion yuan the…
The Fed has a brand new favourite phrase: ‘Uncertainty’ The one certainty for Federal Reserve policymakers for the time being is that there’s a excessive stage of uncertainty concerning the US financial outlook.
Decrease earnings households are set to be £500 poorer attributable to profit cuts and a weak financial outlook, a thinktank has discovered. Residing requirements are on observe to fall over the subsequent 5 years for the poorest half of households,…
(Bloomberg) — The US has filed a civil forfeiture criticism for $47 million in proceeds from the sale final yr of round 1 million barrels of oil allegedly from Iran, which was saved in Croatia. The criticism alleges a scheme…
By Katya Golubkova TOKYO (Reuters) – Oil costs nudged increased on Thursday on issues about tighter international provide after the U.S. tariff menace on Venezuelan oil consumers, whereas market gamers additionally grappled with the influence of Donald Trump’s newest announcement…
(Bloomberg) — Oil held a acquire after US crude inventories fell essentially the most since December, signaling the prospect for near-term provide tightness. Brent traded close to $74 after closing 1.1% larger on Wednesday, whereas West Texas Intermediate was beneath…
Community Rail will arrange a brand new property firm to construct 40,000 houses on its rail property over the subsequent decade in a drive to satisfy the federal government’s housing goal. The Treasury on Thursday introduced the launch of a…
Adobe Firefly, Tyler Le/BI HSBC is the newest massive financial institution to chop its outlook for shares in 2025. Strategists mentioned the chance of a possible recession and weak financial knowledge are weighing on the outlook. Citi additionally downgraded its…