UK’s Hunt backs regulator to ensure banks pass on better rates to savers
LONDON (Reuters) – British finance minister Jeremy Hunt gave his backing to the country’s financial regulator FCA to ensure banks…
Economy
Italy’s finances creak as budget deficit climbs in Q1
By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of…
Central bank surprises see June become bumper 2023 rate hike month
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The world’s major central banks delivered in June the biggest number…
Yellen, China’s ambassador held ‘frank and productive’ discussion – US
(This July 3 story has been corrected to fix the name of China’s ambassador to Feng, not Fang, in paragraph…
What people are saying about China’s chipmaking export controls
(Reuters) -China will control exports of some metals used in the semiconductor industry, ramping up a technology war with the…
Credit Suisse investor group joins claim seeking better UBS takeover price
By John Revill ZURICH (Reuters) -A Swiss proxy adviser representing some former Credit Suisse shareholders has backed a class-action lawsuit…
China’s choice of PBOC party chief signals financial stability worries
By Kevin Yao BEIJING (Reuters) – China’s appointment of financial technocrat Pan Gongsheng to a top political post at the…
Alibaba exploring options for video platforms Youku, Tudou -Bloomberg News
(Reuters) – Alibaba Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on…
Australia’s central bank holds rates, signals more hikes might be required
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates steady saying it wanted more time to…
China state lenders lower dollar deposit rates for second time in a month – sources
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for…