Page 30 - Gb News Today

Inflation defied expectations putting more pressure on the Bank of England a day before it is forecast to raise interest rates for the 13th time in a row.

British inflation defied forecasts of a fall in May and stayed far above price growth in the United States and elsewhere in Europe, pressuring the Bank of England to keep on raising interest rates despite the growing hit to mortgage-holders.

British food manufacturers reported the first drop in their production costs since 2016 in May as lower commodity and energy prices and cheaper shipping outweighed a jump in wage bills, a Lloyds Bank report showed on Tuesday.

Global oil prices fell on Monday, backing off last week's gains as questions over China's economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

Asking prices for British homes fell in June for the first time in six years, indicating an earlier-than-usual summer slowdown amid mortgage market turmoil and expectations of further Bank of England interest rates increases, a survey showed on Monday.

Global Blue Group Holding AG (NYSE:GB – Get Rating) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 131,700 shares, a decrease of 10.3% from the May 15th total of 146,900 shares. Based on an average trading volume of 16,000 […]

The Chinese embassy in London on Sunday condemned a meeting last week between Britain's security minister, Tom Tugendhat, and Taiwan's digital minister, saying it violated international relations.

A U.S. judge on Friday granted preliminary approval to Deutsche Bank's $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier's sex trafficking.

Igor Sechin, head of the Russian energy giant Rosneft , said on Saturday that Russia is losing out to OPEC+ countries due to a smaller share of its oil exports in production.

The yen languished near a 15-year low against the euro and around a seven-month trough against the dollar on Friday, ahead of a closely-watched policy decision by the Bank of Japan, where it is set to stay ultra-dovish in the face of its hawkish peers.