UK CPI steady at 8.7% in May vs. expected drop to 8.4% Core inflation hits its highest level since 1992 at 7.1% Markets step up bets on Bank of England rate hike Finance minister says government ‘will stick to its guns’ LONDON, June 21 (Reuters) – Britain’s inflation defied forecasts of a slowdown and held … Read more
June 20 (Reuters) – Groundbreaking work for single-family home construction projects in the United States rose in May by the biggest increase in more than three decades and permits for future construction also rose, suggesting that the housing market could take a turn after being hampered by the Federal Reserve’s interest rate hikes. Yet even … Read more
LONDON, June 15 (Reuters) – The U.S. subsidiary of crypto giant Binance has made a series of layoffs since regulators accused it last week of breaking securities laws and sought to freeze its assets, said two people with knowledge of the layoffs and employees. social media posts. One of the sources said around 50 people … Read more
SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc is warning employees about how they use chatbots, including its own Bard, as it markets the program worldwide, said four people familiar with the matter. Reuters. Google’s parent company advised employees not to enter its confidential documents into AI chatbots, the people said, and the company confirmed, … Read more
PBOC Cuts 7-Day Reverse Repo to 1.9% vs. 2.0% Prev. PBOC cuts 7-day repo rate by 10 basis points PBOC decision shows concerns over health of economy – analysts MLF rate and LPR could be cut by the same margin – analysts SHANGHAI/SINGAPORE, June 13 (Reuters) – China’s central bank on Tuesday cut its short-term … Read more
Just over a fifth of UBS executives will come from Credit Suisse Bank’s demise exposed regulatory loopholes and panic risks ZURICH, June 12 (Reuters) – UBS (UBSG.S) completed its emergency takeover of struggling local rival Credit Suisse (CSGN.S) on Monday, forging a Swiss banking and asset management giant fortune with a balance sheet of $1.6 … Read more
(1/2) The Binance US logo is seen on a booth during the Bitcoin 2022 conference in Miami Beach, Florida, U.S., April 6, 2022. REUTERS/Marco Bello/File Photo June 8 (Reuters) – Crypto exchange Binance.US said on Thursday it was suspending U.S. dollar deposits and banking partners were preparing to suspend fiat dollar withdrawal channels as of … Read more
Credit Suisse to merge with UBS after deal closes New group will oversee $5 trillion in assets UBS CEO warned of painful decisions ahead UBS CEO: still analyzing plan for Credit Suisse’s domestic business UBS shares showed a slight rise in premarket ZURICH, June 5 (Reuters) – UBS (UBSG.S) plans to complete its takeover of … Read more
ZURICH, June 5 (Reuters) – The takeover of Credit Suisse (CSGN.S) by UBS Group (UBSG.S), organized by the Swiss authorities to avoid a wider banking crisis, is expected to be formalized as early as June 12, the the bank said Monday. The completion of the combination marks the final chapter for the 167-year-old institution after … Read more
June 5 (Reuters) – A preview of the day ahead in Asian markets from Jamie McGeever. Asian markets are poised for a strong start on Monday, extending last week’s upside momentum and growing risk appetite on growing hopes that the US economy is heading for a “soft landing” after the approval by Congress last week … Read more
