Reuters UK Business

No stability risk from investor-fuelled Hungarian house price surge, central bank says

17 Mar 2025

By Gergely Szakacs BUDAPEST (Reuters) – A surge in Hungarian house prices is driven by investors rather than borrowers and is therefore less risky to financial stability, the central bank told Reuters. Any tightening of credit standards would have a limited impact on prices, the bank said. The bank was responding to a survey by …

No stability risk from investor-fuelled Hungarian house price surge, central bank says Read More »

UK insurer Phoenix’s annual profit tops expectations

17 Mar 2025

(Reuters) – British insurer Phoenix Group reported a better-than-expected rise in full-year adjusted operating profit and total cash on Monday, helped by growth in its pensions and savings business. The company’s pensions and savings business has been growing but it was forced last September to halt the sale of its business managing so-called pure protection insurance …

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Novartis is watching US reciprocal tariff policy ‘very carefully’, CEO says

17 Mar 2025

TOKYO (Reuters) -Swiss pharmaceutical giant Novartis will watch “very carefully” how the reciprocal tariff policy proposed by the United States unfolds in early April, Chief Executive Vas Narasimhan said on Monday. U.S. President Donald Trump last month flagged potential import duties of about 25% on pharmaceuticals as part of measures affecting a range of industries, …

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Analysis-Britain’s growth risks put bond investors on high alert

17 Mar 2025

By Naomi Rovnick and Andy Bruce LONDON (Reuters) – Britain’s public finances, strained by growing debt and sluggish growth, face a crucial test this month that investors say could prompt another market shock to an economy that is increasingly reliant on fickle foreign funds. Finance minister Rachel Reeves will deliver an update on the public …

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US-EU tariff clash imperils $9.5 trillion of business, AmCham warns

17 Mar 2025

By Philip Blenkinsop BRUSSELS (Reuters) – The U.S.-European tariff conflict is jeopardising transatlantic business worth $9.5 trillion annually, the American Chamber of Commerce to the EU warned on Monday. AmCham EU, whose more than 160 members include Apple, ExxonMobil and Visa, showed in its annual Transatlantic Economy report a deepening relationship hitting records in 2024, …

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Hopes for euro zone, Germany growth rising even before debt deal news

17 Mar 2025

By Indradip Ghosh BENGALURU -Optimism was already building among economists on German and euro zone growth in a Reuters poll taken just before key political parties in Germany agreed a historic deal on debt, suggesting bigger revisions to forecasts in coming days. Chancellor-in-waiting Friedrich Merz reached an agreement with the Greens on Friday on a …

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UK think tank says Reeves 4.4 billion pounds in the red on fiscal rules

17 Mar 2025

LONDON (Reuters) – British finance minister Rachel Reeves’ headroom for meeting her budget rules has probably turned into a 4.4 billion-pound ($5.7 billion) deficit, requiring tough measures next week to get her back on track, a think tank said on Monday. The Resolution Foundation called on Reeves to tread carefully with any reductions to welfare …

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