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1 week ago | 
money.usnews.com | Sinead Cruise |Toby Chopra
LONDON (Reuters) -Britain's Financial Conduct Authority is seeking feedback on a potential overhaul of mortgage issuance and advice rules, with a view to simplifying responsible lending guidance and stimulating demand in the 235 billion pound ($315 billion) market. "We want to make it easier, faster and cheaper for borrowers to make changes to their mortgage," the FCA said in a statement on Wednesday.
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1 week ago | 
gurutrade.com | Suban Abdulla |William Schomberg |Toby Chopra
LONDON, May 6 (Reuters) - Britain's services sector, accounting for much of the economy, shrank in April for the first time since October 2023 and at the fastest pace in more than two years, according to a survey that showed U.S. tariff turmoil is hammering exports and sentiment.
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1 week ago | 
today.westlaw.com | Toby Chopra |Ira Dugal
(Reuters) - U.S. President Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right down to niche e-commerce players last...
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1 week ago | 
gurutrade.com | Aidan Lewis |Toby Chopra
Q1 GDP expands 3.1% y/y versus a revised 2.5% in Q4
Q1 seasonally adjusted GDP up 2.0% q/q
Trade policy uncertainty weighs on economy's outlook - govt
HONG KONG, May 2 (Reuters) - Hong Kong's economy grew in the first quarter by 3.1% from a year earlier, official advance estimates showed on Friday, expanding for a ninth quarter.
That was a faster rate than the mean forecast of 2.1% year-on-year growth by six economists in a Reuters poll.
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1 week ago | 
today.westlaw.com | Susan Heavey |Chizu Nomiyama |Dan Burns |Toby Chopra
WASHINGTON (Reuters) -The bond market is sending a signal that the Federal Reserve should be cutting interest rates, U.S. Treasury Secretary Scott Bessent said on Thursday, noting that yields on 2-year Treasury notes were lower than central bank's...
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3 weeks ago | 
gurutrade.com | Neha Arora |Surbhi Misra |Alison Williams |Toby Chopra
NEW DELHI, April 21 (Reuters) - India imposed a 12% temporary tariff, locally known as a safeguard duty, on some steel products to stem unbridled imports, a government notification said on Monday.
India, the world's second-biggest producer of crude steel, said the tariffs would be applicable for 200 days with effect from Monday.
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1 month ago | 
gurutrade.com | Maria Martinez |Maria Martínez |María Martínez |Matthias Williams |Toby Chopra
Next government wants to boost consumer spending But impact of proposed policies may be limited, analysts say German savings rate well above EU average Germany faces third year of economic contraction Sustainability push may also dent spending BERLIN, April 14 (Reuters) - With global trade deeply uncertain and a tariff war causing havoc on financial markets, Germany's next government is hoping to unleash domestic consumption to revive stalled growth in an economy that has been driven for...
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1 month ago | 
gurutrade.com | Wayne Cole |Jamie Freed |Jacqueline Wong |Toby Chopra
Wall St futures up as US tariffs delayed on some electronics
Confusion as White House says levies might still come
Tech stocks outperform in Europe and Asia
Dollar, Treasuries vulnerable to loss of confidence
LONDON/SYDNEY, April 14 (Reuters) - Major stock indexes bounced in Europe and Asia on Monday after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely.
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1 month ago | 
gurutrade.com | Matthias Williams |Toby Chopra
China announces 34% additional tariffs Sharp escalation in global trade war U.S. stock futures fall ahead of Well Street opening EU's top trade negotiator to speak to U.S. officials on Friday Stock markets in Asia and Europe keep falling, banks hit hard BEIJING/WASHINGTON/BRUSSELS, April 4 (Reuters) - China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global...
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1 month ago | 
gurutrade.com | Inti Landauro |Balazs Koranyi |David Goodman |Toby Chopra
MADRID, March 24 (Reuters) - The case for another European Central Bank interest rate cut is strengthening, ECB board member Piero Cipollone said on Monday, just days after another prominent policy dove made a similar argument.
The ECB has cut interest rates six times since last June but provided few signals about its next move after the most recent reduction at its March meeting, arguing that uncertainty is simply too high for the bank to guide markets.
