UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

theguardian.com UK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of…

FTSE 100 hits record high as shares rise amid hopes of interest rate cuts

theguardian.com The UK stock market hit a record high on Tuesday, as shares were lifted by hopes of interest rate cuts and an easing of geopolitical tensions. The FTSE 100 index of…

Leading UK lenders raise fixed-rate mortgage deals amid ‘market uncertainty’

theguardian.com At least five leading lenders increased rates on their fixed mortgage deals on Tuesday in response to “market uncertainty”, adding to pressure on homebuyers and those…

Bank of England’s chief economist dampens hopes of summer interest rates cut

theguardian.com The prospects of a summer cut in UK interest rates receded on Tuesday after the Bank of England’s chief economist cautioned against cutting too soon and a key survey…

What’s behind the record FTSE 100 high?

theguardian.com The UK stock market has hit an intraday record high, lifted by hopes of interest rate cuts and easing geopolitical tensions, after setting a new closing high on Monday. The…

De-Banking in the UK

scams.info Understanding De-Banking in the UK: Causes, Implications and Regulations Framework De-banking or de-risking, is a term commonly used in the financial sector. it is a…

BOE Chief Economist Pill Says Key Rate Cut Is Some Way Off

wsj.com A first cut in the Bank of England’s key interest rate remains some way off, its chief economist said.

India Shares Close Higher, Tracking U.S. Stocks

barrons.com India's benchmark Sensex index edged 0.1% higher to close at 73738.45, tracking U.S. stock futures. Markets could be watching the Indian elections, which are under way, and…

Brits face biggest obstacles in 70 years to buying a first home

cnn.com Britons hoping to buy their first home face the most difficult conditions in 70 years, according to a new report released Monday. First-time buyers are grappling with the…

UK borrows £120bn last year, leaving ‘limited scope’ for pre-election tax cuts; FTSE 100 set to hit record high

theguardian.com Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Jeremy Hunt’s hopes of being given more scope for large tax cuts…

Fed’s preferred inflation gauge expected to back patience on interest-rate cuts

financialpost.com United States Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to…

Pomelo, a “send now, pay later” startup that lets users in the US send money in the form of credit to people in the Philippines, raised a $35M Series A

techcrunch.com Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has…

FTSE 100 stock index closes at new all-time high

bbc.co.uk The index closed on Monday at 8,023.87 points to mark the new record, surpassing its previous high of 8,012.53 in February last year. It was up 1.62% at its close, with…

BOE to Start Rate Cuts Earlier Than U.S. Fed, Impacting Gilt Yields

wsj.com The Bank of England is expected to start cutting interest-rates before the Federal Reserve as U.S. inflation remains sticky and the economy stays resilient, ING analysts say…

FTSE 100 hits record closing high amid hopes of interest rate cuts

theguardian.com The UK stock market has hit a record closing high, amid optimism that the Bank of England will cut interest rates twice this year and easing geopolitical tensions in the…

Homeowner pain as major banks hike mortgage rates

bbc.co.uk Some of the UK's biggest banks are raising mortgage rates as expectations of when the Bank of England will cut interest rates are pushed back. Mortgage rates have risen over…

Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated

finance.yahoo.com A look at the day ahead in U.S. and global markets from Mike Dolan The so-called 'Magnificent 7' of U.S. megacap tech stocks has retreated sharply as first-quarter earnings…

Bitcoin Price Prediction as BTC Bounces Above $66,000

cryptonews.com Bitcoin Price Prediction Bitcoin (BTC/USD) demonstrates robust performance, with a notable price surge to $66,270, an uplift of approximately 2.50%. This positive momentum…

The Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative

finance.yahoo.com The Federal Reserve is stuck in a mode of forecasting and public communication that looks increasingly limited, especially as the economy keeps delivering surprises. • None…

Most difficult global outlook for a century heralds end of US-led world order

theguardian.com The 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since the 1930s. Every finance minister and central bank governor…

Even a ‘rate shock’ for British mortgage borrowers may not help the banks

theguardian.com Mortgage borrowers who had been holding out for more affordable rates had their hopes dashed last week, as disappointing economic data raised the likelihood of borrowing…

Bank of Canada in a bind as Fed's interest rate path grows murky

financialpost.com The Bank of Canada is getting closer to cutting interest rates, but there are limits to how far and how fast it can move without getting a clearer sign from the Federal…

Bitcoin Liquidity: Caught Between the Halving & Geopolitics

financemagnates.com The long-awaited day of the 4th phase of Bitcoin's halving is looming in the cryptocurrency sector. The countdown to this event shows that it could happen around the final…

Liz Truss’ Publisher To Remove False Rothschild Quote From Book

mediaite.com Former British Prime Minister Liz Truss speaks during Conservative Political Action Conference at National Harbor, in Oxon Hill, Md., Wednesday, Feb. 21, 2024. (AP…

The UK has a plan to help its financial industry seize $14tn tokenisation opportunity

dlnews.com A tokenisation experiment run by the UK government could help give the country’s financial markets a leg up. But regulators will have to get the so-called “sandbox’s” design…

US rate setter tells BBC 'no hurry' to cut interest rates

bbc.co.uk A key member of the Federal Reserve, the US central bank, has told the BBC that inflation is only coming down "very, very slowly" and "let's not be in a hurry" on interest…

IMF chief quotes Churchill as she warns of global chaos

finance.yahoo.com The head of the International Monetary Fund has urged countries to cut debt and slash red tape to revive growth as she warned the world was becoming more vulnerable to…

FCA Executive Defends Rigorous Crypto Registration Process

coingape.com Recently, at the TheCityUK conference, Sarah Pritchard, the Executive Director for Markets and International at the Financial Conduct Authority (FCA), highlighted the…

Trussonomic lessons: what can be learned from former PM’s book?

theguardian.com Raw free-market economics is missing in action. Somewhere between its 1980s ascendancy and today, the media, politicians, civil service and even the corporate mainstream…

Elevated Inflation and Wage Data Could Make BOE Cautious

wsj.com A slower-than-expected deceleration in U.K. inflation and wage data and a more-cautious Federal Reserve are likely to cause the Bank of England to limit its pace of…

House GOP Targets Shadow Bank Regulations

pymnts.com A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday…

"The Federal Reserve Is Clearly Trapped"

zerohedge.com "The Federal Reserve Is Clearly Trapped" Submitted by QTR's Fringe Finance Friend of Fringe Finance Lawrence Lepard released his most recent investor letter this week. He…

Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call

cnbc.com Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. The Bank of England could still cut interest rates in May,…

UK vs US: Which superpower will first cut rates in 2024? Inflation answers…

livemint.com has paved way for the Bank of England (BoE) to start interest rate cuts in 2024 after inflation dropped to its lowest level in two and a half years in March amid further…

U.K. Inflation Cools in March but Not by Enough

haver.com When the Music Stopped, or at Least the Inflation Progress... U.K. inflation on the HICP measure eased to 0.4% in March from 0.5% in February. The month-to-month CPIH…

How Global Warming Foretells Financial Crisis

thehill.com Climate change — and the lack of timely, consistent action to address it — is driving the world toward a new financial crisis. Indeed, senior regulators are increasingly…

UK Parliament Member Lisa Cameron Pushes For Greater Digital Skills Training, Blockchain Technology Partnerships

cryptonews.com UK Member of Parliament (MP) Lisa Cameron called for increased digital training regarding Web3, AI, and blockchain technology in a debate Tuesday, to increase the country’s…

Central banks launch new project with aim for slice of $14tn tokenisation pie

dlnews.com Wall Street giants like BlackRock are excited about the potential of tokenisation to automate the plumbing of financial markets. And central banks want a slice of that pie…

Oil dips as demand worries outweigh Middle East supply risks

investing.com Oil prices slipped for a third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed prospects…

Crypto hedge fund on how to trade Bitcoin amid Fed-driven ‘hiccups’

dlnews.com Bitcoin plunged 7% on Tuesday in the span of a few hours, before bouncing back to $66,300. However, Bitcoin traders should brace for more market “hiccups” over the next two…

Morning Bid: Blunt Powell signals rate cut plans on ice

finance.yahoo.com A look at the day ahead in U.S. and global markets from Mike Dolan There's no doubt there's a doubt about any U.S. interest rate cuts this year. After weeks of market…

Powell speech, ASML earnings, UK inflation

investing.com Investing.com -- Fed chief Jerome Powell suggested that interest rates may need to stay higher for longer, but stock futures indicate a positive open on Wall Street. U.K.…

Oil prices dip as demand worries outweigh Middle East supply risks

theglobeandmail.com Oil prices slipped for the third straight session on Wednesday as likely higher U.S. commercial inventories weighed, while weaker economic data from China and dimmed…

Sunak hopes of pre-election interest rate cuts frustrated by inflation slow puncture

theguardian.com When the Bank of England governor, Andrew Bailey, told an event in Washington on Tuesday that the UK economy was “disinflating”, it raised the hopes of mortgage payers and…

There’s a gaping hole at the centre of the Tory party where ideas should be. The risk is Liz Truss will fill it

theguardian.com It would be charitable to ignore Liz Truss. Attention is her addiction and any dose, even laced with scorn, sustains the toxic belief that she has important things to say.…

European stocks higher despite Fed comments rattling global markets; UK inflation eases to 3.2%

cnbc.com European stocks were slightly higher Wednesday despite global markets being rattled by comments from the head of the U.S. Federal Reserve. The regional Stoxx 600 index were…

UK inflation falls to lowest level since late 2021 as food prices ease further

apnews.com Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices, official figures showed Wednesday. Consumer prices…

U.K. Inflation Cools as BOE Prepares Rate Cuts

wsj.com The U.K.’s annual rate of inflation cooled to a two-and-a-half year low in March despite being a touch hotter than expected, though not likely enough to derail the Bank of…

UK inflation eases less than expected to 3.2% in March

cnbc.com Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday. That was slightly higher than the forecast of economists polled of 3.1%,…

UK inflation expected to fall to two-and-a-half-year low

theguardian.com Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Britain may take another step out of its cost of living crisis…

Is Bitcoin a “Buy” Right Now?

investorplace.com Do you buy Bitcoin down 15%? … Luke Lango’s roadmap for crypto … the 10-year Treasury yield approaches 4.70% … when are rate cuts coming? … a free trading service with a…

IMF says outlook for world economy is brighter but still modest by historical standards

pbs.org The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation…

Middle East conflict risks sharp rise in oil prices, says IMF

theguardian.com An escalating Middle East conflict risks leading to higher oil prices, a reversal of the recent fall in inflation and a puncturing of the optimistic mood in financial…

GBP-USD: Trader’s Fixed on the BoE and U.S. Economy

tipranks.com GBP-USD traders have their eyes fixed on the Bank of England (BoE) and the ever-volatile U.S. economic landscape. Let’s dissect the unfolding scena...

Russia to grow faster than all advanced economies says IMF

bbc.co.uk The IMF is an international organisation with 190 member countries. They are used by businesses to help plan where to invest, and by central banks, such as the Bank of…

Outlook for global economy is brighter, though still modest by historical standards: IMF

theglobeandmail.com The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” – reining in inflation…

UK households face second year without improved living standards, says IMF

theguardian.com Britain’s households will endure a second year without an improvement in their living standards in 2024 as the effects of high inflation take time to abate, the…