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Sterling plunges 1% against dollar after Bank of England governor’s comments on rate policy

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Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in...
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Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say

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The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019.Ali Mohammadi...
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NESO launched to guide Great Britain’s energy system to net zero

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Having served as the CEO of EirGrid, the Irish Transmission System Operator, I understand that the energy transition cannot happen in isolation. Collaboration with...
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Key Fed inflation gauge at 2.2% in August, lower than expected

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Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.The personal...
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China optimism is surging. Why some investors are cautious

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A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024.Cfoto | Future Publishing |...
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European shares close at record high; luxury giants rally on China stimulus

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Krisztian Bocsi | Bloomberg | Getty ImagesLONDON — European markets closed at a fresh record high Friday, as stocks tracked higher on news of...
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Stocks rise as Wall Street heads for a winning week: Live updates

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Traders work on the floor of the New York Stock Exchange.NYSEStocks rose Friday as traders digested new data that pointed to further progress in...
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China needs more than rate cuts to boost economic growth

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A China Resources property under construction in Nanjing, Jiangsu province, China, Sept 24, 2024. Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy...
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September consumer confidence falls the most in three years

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Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and...
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China central bank releases slate of support measures amid a deepening economic slump

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Pan Gongsheng, governor of the People's Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China.Vcg...
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Mainland China stocks notch best day in four years, soar over 4% on PBOC policy easing

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Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty ImagesMainland China's CSI 300 clocked its...
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Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week

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Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on...
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