By Suban Abdulla LONDON (Reuters) – British services firms reported the strongest input cost pressures in three months in May and a steep increase in prices charged against a backdrop of solid growth, adding further pressure on the Bank of England to keep raising interest rates. The final S&P Global/CIPS UK Services Purchasing Managers’ Index…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting May payrolls gain, coupled with signs of cooling wage growth, provided…
By Shristi Achar A and Johann M Cherian (Reuters) – Even as higher costs of borrowing continue to choke dealmaking, fund managers and bankers believe smaller UK-listed firms remain attractive to private equity players flush with unspent funds of nearly a trillion dollars. Central banks have been battling high prices by hiking borrowing costs for…
By Lewis Jackson SYDNEY (Reuters) – PricewaterhouseCoopers (PwC) Australia on Monday named at least 67 current and former staff involved in the leak of confidential government tax plans in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. PwC, one of the world’s “big four” audit and advisory firms, is battling to…
(Reuters) -The hefty weight of tech megacaps, a suspense-packed OPEC meeting at the weekend and more pain for consumers and businesses Down Under – these are just some of the topics preoccupying markets as they approach the halfway point of 2023. Here’s a look at the week ahead in markets from Kevin Buckland in Tokyo;…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish investors betting on its decline. The dollar is up 2.5% from its recent low against a basket of currencies and stands near its highest level since March. The nascent rally has defied expectations…
ZURICH(Reuters) – UBS Group takeover of Credit Suisse, arranged by the Swiss authorities to stave off a broader banking crisis, is set to become official as early as June 12, the bank said on Monday. The closing of the tie-up marks the final chapter for the 167-year old institution after years of scandals and missteps…
A look at the day ahead in European and global markets from Kevin Buckland: All eyes are on interest rates to start the week, in Europe as well as the United States. Chris Weston, head of research at Australia’s Pepperstone, called Friday’s U.S. payrolls report a “nirvana” of strong job creation and weaker wage growth,…
SINGAPORE (Reuters) – Barclays Private Bank said on Monday it has made two senior appointments in its Singapore office in a move to tap into the influx of wealth and growth of family offices in the city-state. The lender has appointed Tom Road as its deputy head of Barclays Private Bank in Singapore. Road, who…
By Florence Tan SINGAPORE (Reuters) – A global shortfall in crude oil supply is set to deepen in the third quarter as the world’s top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices…
