By Samuel Indyk and Joice Alves LONDON (Reuters) -Sterling rose against the dollar on Tuesday after data showed British wages grew at a record pace in the second quarter, adding to the Bank of England’s inflation worries, though gains were capped by some signs of a cooling labour market. Wages excluding bonuses were 7.8% higher…
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not earn as much as a bank savings account would, Goldman Sachs said in a note to clients. Only 11% of the 340 investors with $1 trillion in assets surveyed have renegotiated the minimum returns hedge…
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding capital, Britain’s Financial Conduct Authority said on Tuesday. Interest-only mortgages are typically favoured by wealthier customers but sharp increases in Bank of England interest rates mean that borrowers face big hikes in monthly interest payments….
A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets As investors switch attention to the health of the U.S. consumer, a funk in China’s economy, markets and currency appeared to deepen and emerging market ructions spread. After another disappointing reading for industrial production and…
(Reuters) – U.S. stock index futures slipped on Tuesday as government bond yields held on to recent highs ahead of retail sales data for July which is expected to show resilient consumer spending and shed more light on the trajectory for U.S. interest rates. The Commerce Department’s report due at 0830 a.m. ET (1230 GMT)…
OSLO (Reuters) – Norway’s central bank is expected to raise its benchmark interest rate by 25 basis points (bps) to 4.00% this week to curb inflation, economists polled by Reuters unanimously predicted. Norwegian core consumer prices rose 6.4% year-on-year in July, more than three times the central bank’s goal of 2% annual price growth but…
SINGAPORE (Reuters) – Singapore Exchange (SGX) said on Tuesday that it will start trading structured certificates this month, making it the first in Asia to list the third-party issued financial instruments that are commonly traded in Europe. The first issue of the structured certificates is a yield enhancement product linked to Chinese tech giant Alibaba…
By Andrew Goudsward and Tom Hals WASHINGTON (Reuters) – The indictment of Former President Donald Trump for interfering in the 2020 presidential election in Georgia will be the biggest case of prosecutor Fani Willis’ career, but it will not be her first contentious prosecution. Willis, the Fulton County District Attorney who charged Trump with illegally…
By Tom Hals (Reuters) -Former U.S. President Donald Trump was indicted on Monday for his alleged efforts to illegally overturn the Georgia vote in the 2020 presidential election which put Joe Biden in the White House. WHAT HAPPENS NEXT? After defendants in Georgia are indicted by a grand jury, they are arraigned, which is the…
BEIJING/HONG KONG (Reuters) -China Evergrande New Energy Vehicle Group (NEV) shares jumped nearly 50% on Tuesday after the electric vehicle unit of cash-strapped property firm China Evergrande Group announced a $3.2 billion plan to reduce debt and stay afloat. The plan unveiled late on Monday includes a new share sale worth nearly $500 million to…
