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BRITISH BANKS
Banks rush to swap higher-risk credit assets for Bank of England cashBritish banks are stepping up their game by putting forth more higher-risk assets as collateral at the Bank of England. This action marks a...- Erin Piacenti’s Times Square stabbing update: BoFA Vice President and new mom had just celebrated her baby’s baptism before stabbed to deathErin Piacenti, a 32-year-old Bank of America vice president and University of Pennsylvania and Fordham Law graduate, was fatally stabbed in...
- Global Market: UK gilt yields hit 18-year high as global bond selloff intensifiesUK government bond yields climbed to fresh 18-year highs as a global sovereign debt selloff intensified amid rising oil prices and renewed ...
- No bells, no colourful glass windows: Why this 160-year-old Karnataka church almost disappears underwater every monsoonKarnataka’s Shettihalli Rosary Church is a hauntingly beautiful ruin, situated a few kms from Bengaluru, that reflects a tale of history an...
- Bond selloff deepens as inflation, oil prices jolt marketsThe bond market is undergoing a tumultuous selloff, resulting in elevated borrowing costs for potential borrowers. Concerns surrounding inf...
- Dollar holds firm as Middle East hostilities lift oilThe dollar rose significantly on Wednesday due to climbing oil prices prompted by renewed conflicts in the Middle East, which rattled globa...
- Global Market: UK 10-year gilt yields hit highest level since 2008 as oil prices stoke inflation fearsUK government bond yields surged on Tuesday, with the 10-year gilt yield hitting its highest level since 2008 as rising oil prices revived ...
- UK doubles penalties for sanctions breaches to squeeze RussiaBritain has doubled penalties for sanctions breaches, increasing the maximum fine to 100 percent. The UK Treasury stated this action aims t...
- Advertising giant WPP set to axe 1,000 more jobs as AI reshapes the industryBritish advertising group WPP plans to cut up to one thousand more jobs this year. This latest round adds to over eleven thousand job losse...
- Iran's supreme leader calls for Muslim unity against US and IsraelIran’s Supreme Leader Ayatollah Mojtaba Khamenei urged Muslim countries to unite against Israel and the United States amid wider Middle Eas...
- Iran's leader calls for Muslim unity, other Mideast newsIran's supreme leader has urged Muslims to unite in opposition to the United States and Israel amid escalating tensions. In the occupied We...
- India is growing at 7%. It may still be too slow for Viksit BharatIndia may need to sustain annual growth of more than 9% to achieve its developed-economy ambition by 2047. Economists say reaching that goa...
- Oil settles lower on clues about Fed policy, rumors of Hormuz dealOn Friday, oil prices dipped, driven by signals from the Federal Reserve and circulating rumors regarding the Strait of Hormuz. Market trad...
- Rs 2.25-crore notice under Black Money Act to Delhi couple over Singapore, British Virgin Islands assets: ITAT Delhi gave full relief to taxpayer, know whyTax officer sent black money notice to Pitampura based couple and added Rs 2.25 undisclosed money from Singapore and British Virgin Islands...
- UK offers funds, emergency responders to Nepal after flash floodsThe United Kingdom has offered five million pounds and emergency responders to Nepal. Flash floods in the country claimed hundreds of lives...
- Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?Brent crude futures fell 50 cents, or 0.6%, to $89 a barrel, while West Texas Intermediate crude futures declined 42 cents, or 0.50%, to $8...
- Customer data stolen in cyberattack on three British airportsMAG, which operates the Manchester, London Stansted and East Midlands airports, said the data of 8.7 million customers had been compromised...
- Markets push back BoE rate hike expectations to February 2027As bond yields fall, markets are revising their expectations for the Bank of England's rate hikes. Investors now foresee a modest quarter-p...
- Dollar near eight-day high as US data lifts Fed hike betsThe dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increas...
- Dollar moves in a narrow range ahead of inflation data, Jackson HoleIn Asian markets, the dollar held steady as traders looked ahead to crucial inflation reports, particularly the US PCE data set to be relea...
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