WASHINGTON (Reuters) -Bank of England interest rate-setter Catherine Mann welcomed a recent fall in inflation in Britain but said the cooling of price growth still had “a long way to go” for the central bank to hit its 2% inflation target over the medium term. “Our headline price print … was lower than projected in …
Bank of England’s Mann says fall in inflation pressure has long way to go Read More »
LONDON (Reuters) – Britain’s finance minister Rachel Reeves said she would change the fiscal rules in the budget, and the Financial Times said she would be seeking to fund around 20 billion pounds a year of extra investment with increased borrowing. Reeves wrote in the FT on Thursday she would use the Oct. 30 budget …
UK finance minister Reeves to change fiscal rules in budget, FT reports Read More »
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation. The cost of everything from freight to raw materials rose during …
Unilever and Danone win back shoppers as price hikes slow Read More »
By Suban Abdulla LONDON (Reuters) -Optimism among British firms has sunk, according to two surveys published on Thursday, six days before finance minister Rachel Reeves tries to chart a way between raising taxes and boosting growth in the new government’s first budget. The preliminary S&P Global Flash Composite Purchasing Managers’ Index for October showed confidence …
UK business sentiment drops, adding pressure on Reeves before budget Read More »
MILAN (Reuters) – An Italian court has ended a period of special administration imposed on fashion brand Alviero Martini early because the company has taken all necessary measures to clean up its supply chain, the court said on Thursday. The brand that makes bags and leather goods was placed in court administration for a year …
Italian court lifts controls on fashion brand Alviero Martini Read More »
(Reuters) – The European Central Bank shouldn’t be “too hasty” in calling off its fight against inflation even after a low reading in September, and should focus on incoming data instead, ECB policymaker Joachim Nagel said on Thursday. “We shouldn’t be too hasty, we should be cautious (and) look at what data is coming in,” …
ECB shouldn’t be hasty in calling off inflation fight – Nagel Read More »
LONDON (Reuters) – A widening U.S. fiscal deficit is a growing concern and the threat of recurrent debt-ceiling standoffs and associated risk of a near or technical default remains a key factor behind the negative outlook for the country’s credit rating, Scope Ratings said. Europe-based rating firm Scope rates the United States AA with a …
Widening U.S. fiscal deficit a growing worry, says Scope Ratings Read More »
By Gus Trompiz and Pavel Polityuk PARIS/KYIV (Reuters) – Ukraine has rapidly expanded exports of corn seed to the EU in the past two years in rare good news for its war-hit agricultural sector but adding to European farmers’ grievances about what they say is unfair competition from Kyiv. It is ramping up shipments under …
Analysis-Ukrainian corn seed flows to Europe in further farm trade shift Read More »
(This Oct. 23 story has been refiled to fix the title of the conference in paragraph 6) By Pete Schroeder WASHINGTON (Reuters) – The chair of the Basel Committee on Banking Supervision (BCBS), the international regulatory body, on Wednesday defended its efforts to boost risk management standards and urged regulators to quickly complete the final …
Basel chief urges nations to complete capital rules as U.S. regulators remain deadlocked Read More »
By James Davey LONDON (Reuters) -British department store retailer John Lewis is “quietly optimistic” about trading in the run-up to Christmas despite the prospect of the new Labour government announcing tax rises in next week’s budget, its boss said on Thursday. The John Lewis department store business is part of the employee-owned John Lewis Partnership …
Britain’s John Lewis optimistic on Christmas trading outlook Read More »
