HONG KONG (Reuters) -HSBC Holdings said on Thursday it is raising its best lending rate in Hong Kong by 12.5 basis points to 5.875% effective on July 28 after the city’s de facto central bank raised the base rate. HSBC also said it would raise the savings rate for its U.S. dollar savings deposits by…
BERLIN (Reuters) – German consumer sentiment is expected to stabilize in August, after a slight decrease the month before, as households’ hopes for falling inflation have led to significantly brighter income expectations, a GfK institute survey showed on Thursday. The institute’s consumer sentiment index rose to -24.4 heading into August from a slightly revised -25.2…
(Reuters) – British car production rose for the fifth consecutive month in June compared to last year as pandemic-induced chip shortages eased, an industry body said on Thursday. The Society of Motor Manufacturers and Traders (SMMT) said a total of 84,767 cars rolled out of factory gates in the United Kingdom last month, an increase…
By Andres Gonzalez and Jesús Aguado LONDON/MADRID (Reuters) -Spain’s Santander is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said. Santander’s global corporate and investment banking chief, Jose M. Linares, discussed the…
PARIS (Reuters) – Vacation rentals company Airbnb said on Wednesday that it had noted an “exceptional level” of demand for properties in the greater Paris region, known as Ile-de-France, just a year ahead of next year’s Olympics in the city. Airbnb said searches for properties in the greater Paris region were up by 30% in…
By Amy Tennery WELLINGTON (Reuters) -A second-half goal from co-captain Lindsey Horan allowed the United States to battle back for a 1-1 draw against the Netherlands in a thrilling Women’s World Cup Group E match on Thursday. The fiercely fought re-run of the 2019 final lived up to its billing as the Dutch enjoyed the…
By Joseph Ax (Reuters) – A coalition of booksellers, authors and publishers has sued Texas seeking to block a new state law that bans “sexually explicit” books from public schools. The law, which was passed by the Republican-controlled legislature in May and is set to take effect in September, requires sellers to rate books based…
By Jihoon Lee SEOUL (Reuters) – South Korea’s export decline likely accelerated in July amid persistently weak demand from China, a Reuters survey showed on Thursday, signalling a bumpy road towards recovery. Outbound shipments were expected to extend their run of year-on-year losses to a 10th straight month with a 14.5% fall in July from…
By Davide Barbuscia and David Randall NEW YORK (Reuters) – U.S. bond investors were gauging how to navigate a prolonged period of higher interest rates that some expect to weigh on U.S. growth, after the Federal Reserve on Wednesday left open the possibility of more rate increases and excluded easing financial conditions anytime soon. With…
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -The war of words between NatWest and erstwhile customer Nigel Farage has underscored the challenges global banks face in handling clients who could be defined as a politically exposed person, or PEP. Banks are obliged to deny services to individuals subject to international sanctions or…
