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News
UAE, Iran Leaders Meet as Push to Resolve Hormuz Standoff Grows
5+ hour, 44+ min ago (506+ words) (Bloomberg) -- Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan met Iranian President Masoud Pezeshkian, as the Islamic Republic touts a potential deal to allow more ships through the Strait of Hormuz. Trump Sees Canada Deal 'Fairly Soon,' Downplays…...
Bank set to hold interest rates but ‘needs to be ready’ to act on inflation
7+ hour, 31+ min ago (506+ words) The Bank of England is expected to keep interest rates unchanged for the sixth time this year, but experts said it "needs to be ready" to hike rates if energy prices continue to surge. Most economists are expecting the Bank's…...
Ryanair investors revolt over Michael O’Leary’s £129m pay deal
3+ day, 2+ hour ago (354+ words) Budget airline Ryanair has seen more than a third of shareholders vote against pay plans for boss Michael O'Leary that could net him at least 150 million euros (£129 million). The Dublin-based carrier revealed 39% of investors at its annual general meeting failed…...
London Shares Extend Losses as Oil Prices Surge
3+ day, 23+ hour ago (60+ words) Yahoo Finance UK London Shares Extend Losses as Oil Prices Surge London's FTSE 100 index dropped 1.31% on Wednesday's close as worsening conflict in the Middle East and fuel shortage concerns pushed Brent crude past $100 a barrel for the first time since…...
Oil prices surpass 100 dollars a barrel after US strikes on Iranian tankers
4+ day, 7+ hour ago (237+ words) Oil prices have risen above 100 dollars a barrel for the first time since July after the latest round of strikes in the Iran war. US officials said on Tuesday night that multiple Iranian oil tankers had been struck in response…...
UK Stocks Slip Amid Prolonged US-Iran Conflict, Subdued Consumption
4+ day, 23+ hour ago (58+ words) Yahoo Finance UK UK Stocks Slip Amid Prolonged US-Iran Conflict, Subdued Consumption British equities traded lower on Tuesday, ending 0.10% in the red, as oil prices climbed on rising hostilities between the US and Iran while UK consumer activity remained subdued....
FTSE 100 slips as Bank of England chief flags inflation risks
4+ day, 23+ hour ago (1100+ words) Stock prices in London have closed lower as Bank of England Governor Andrew Bailey warned of upside inflation risks amid elevated energy prices, while Computacenter reversed an early rally to finish at the bottom of the FTSE 100. The FTSE 100 index…...
Could gas prices return to 2022 highs on US-Iran war?
5+ day, 2+ hour ago (572+ words) European gas prices have more than doubled owing to the US-Iran war, just as Europe needs to replenish its reserves ahead of winter. AFP examines the severity of the current spike, comparing it with energy price shocks in the wake…...
China exports accelerate on strong demand for autos and high-tech goods
5+ day, 11+ hour ago (416+ words) China's exports accelerated in August, jumping 25% from a year earlier on strong demand for autos and high-tech goods, its customs agency said on Tuesday. The data came ahead of US President Donald Trump's planned meeting with Chinese leader Xi Jinping,…...
Fixed mortgage rates jump with ‘more moves expected in coming days’
6+ day, 4+ hour ago (487+ words) Some average fixed mortgage rates have increased to reach their highest level in weeks or months, as lenders respond to changing market conditions, according to a financial information website. The average two-year fixed homeowner mortgage rate on the market on…...