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Bank of England set to skip rate cut as stagflation looms
THE Bank of England (BOE) is likely to warn of only gradual interest-rate cuts in 2025, ending the year with a cautious message to investors as the spectre of...
Euro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary policy decision later in the day,...
Bitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.The digital asset rose nearly 5 per cent on Wednesday...
ECB to cut rates again amid bleak eurozone outlook
THE European Central Bank (ECB) is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone’s two biggest economies adding to...
Bond traders see inflation data as key to cinching next rate cut
BOND traders are hoping to coast to the end of a volatile year – unless a surprise jump in inflation throws them another curve. Treasuries extended their recent rebound...
Amsterdam airport faces capacity cut to curb noise emissions
THE Dutch government is seeking to reduce the number of annual flights at Amsterdam’s Schiphol airport by 4.4 per cent from next November after residents complained about noise, clipping...
Oil prices fall on supply glut fears despite Opec+ output cut extension
OIL prices fell by more than 1 per cent on Friday (Dec 6) and cemented weekly losses as analysts projected a supply surplus next year on weak demand despite...
St James’s Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 peopleBritish wealth manager St James’s Place is planning to make around 500 layoffs in the coming...
