LONDON (Reuters) – Prices in British shops fell at the fastest pace in more than three years this month but this week’s budget announcement by finance minister Rachel Reeves could help spur a return of inflation, the British Retail Consortium said on Tuesday. Annual shop price deflation dropped to 0.8% in the 12 months to …
UK shop prices fall faster but retailers warn of risks in budget Read More »
By David Shepardson WASHINGTON (Reuters) -Polestar said on Monday that a proposed Biden administration rule to bar the use of Chinese vehicle hardware and software would “effectively prohibit” the automaker from selling vehicles in the United States, including cars made in the U.S. The Swedish automaker, a brand of Volvo Cars that is majority-owned by …
Polestar says Biden proposal would ‘effectively prohibit’ sale of its cars in US Read More »
LONDON (Reuters) – Britain’s finance minister Rachel Reeves will announce billions of pounds in funding for the National Health Service (NHS) in Wednesday’s budget that will go towards buying new equipment for hospitals and increasing the number of operations. Prime Minister Keir Starmer has said tax rises will be necessary to rebuild Britain’s public services, …
UK budget to give health service huge boost, Reeves says Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut its Bank Rate by a quarter-point on Nov. 7 to 4.75%, according to all 72 economists polled by Reuters, but a near-two-thirds majority expect no move in December, suggesting the BoE will stick to a cautious approach. British inflation plunged to a three-year …
Bank of England to cut Bank Rate to 4.75% on Nov. 7: Reuters poll Read More »
MADRID (Reuters) -Spain’s anti-trust watchdog CNMC on Monday flagged it may need to launch an extended review of BBVA’s hostile bid for smaller banking rival Sabadell, a deal that the government has opposed. BBVA launched a 12 billion euros ($13.4 billion) bid for all of Sabadell’s shares in April and went hostile in May. The …
Anti-trust review of BBVA bid for Sabadell may be extended, regulator says Read More »
MADRID (Reuters) -The UK arm of Spain’s Santander on Monday postponed the release of its third-quarter results while it assesses the impact of a court ruling on motor finance commissions, although the parent bank said it did not expect a hit to financial targets in 2024. A London court ruled last week that motor finance …
Santander UK delays Q3 results to assess motor finance ruling impact Read More »
(Reuters) – Welltower raised its annual funds from operations forecast on Monday, betting on resilient demand for the healthcare real estate investment trust’s assisted living and senior housing properties. The company now sees its 2024 normalized FFO, a key performance measure for REITs, in the range of $4.27 to $4.33 per share, compared with its …
Welltower raises annual FFO forecast on resilient demand for senior housing Read More »
By Laura Matthews NEW YORK (Reuters) -The yen hit three-month lows against the dollar on Monday, remaining under pressure as an election loss by Japan’s ruling coalition raises political and monetary policy uncertainty, while the U.S. dollar headed for its biggest monthly gain since April 2022. The dollar rose by as much as 1% to …
By Karin Strohecker WASHINGTON (Reuters) – The World Bank is expecting major donors to raise their pledges to its fund for low-income countries, said Axel van Trotsenburg, the Washington-based lender’s senior managing director. The replenishment cycle of the International Development Association (IDA) – occurring every three years – is currently underway and scheduled to culminate …
Major donors expected to increase IDA funding pledges, World Bank says Read More »
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Italian Prime Minister Giorgia Meloni plans to cut by some 4.6 billion euros ($5 billion) the funds set aside to support the country’s automotive industry between 2025 and 2030, the text of next year’s budget showed, triggering widespread criticism. The move comes amid a global slowdown in …
Italy to cut automotive industry support by around $5 billion Read More »
