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Pound Hits more than 2Year High, Dollar Back under Pressure

SINGAPORELONDON, Aug 27 Reuters The pound climbed to its strongest level against the U.S. dollar in more than two years on Tuesday and other major currencies also gained as a pause in rising oil prices helped investors reverse the previous session39;s shift towards the dollar. Trade remained shaped by the prospect of upcoming U.S. rate […]
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Pound Hits TwoYear High on Dollar, Gains on Euro

LONDON, Aug 27 Reuters Sterling reached a twoyear high against the dollar on Tuesday, and also gained on the euro, supported by bets the Bank of England will cut rates less dramatically than the Federal Reserve while the British economy outperforms the euro zone. The pound rose as high as 1.3246, its highest since March […]
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Chinas JD.com Announces 5 bln Share Buyback Plan

Aug 27 Reuters JD.com said on Tuesday its board has approved a new 5 billion share repurchase program, effective September, allowing the Chinese ecommerce giant to buy back its stock over the next 36 months. U.S.listed shares of the company jumped 5.1 in premarket trading. JD.com is staring at stiff competition in the Chinese ecommerce sector, […]
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UKs Bunzl Raises 2024 Profit Forecast on Robust Demand

Aug 27 Reuters British business supplies distributor Bunzl raised its annual adjusted operating profit forecast on Tuesday, as it benefits from acquisitions and demand for its own brand stays strong. The supplier of everything from food packaging to stationery has profitted from higher prices for dailyuse items, increased penetration of its own brand and recently acquired […]
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Santander Starts 1.7 bln Share Buyback Programme

MADRID, Aug 27 Reuters Spanish bank Santander launched a 1.525 billion euro 1.7 billion share buyback programme on Tuesday as part of its shareholder remuneration target of about 50 underlying profit. The group39;s distribution policy is split in roughly equal parts between cash dividends and share buybacks. In the first half of 2024 Santander booked a […]
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US House Prices Fall on Monthly Basis in June

WASHINGTON, Aug 27 Reuters U.S. singlefamily home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply. House prices dipped 0.1 on a monthonmonth basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday. […]
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Mexico Cenbank has Growing Inflation Challenge Extortion

MEXICO CITY, Aug 27 Reuters Beyond the common challenges like currency fluctuations and supply shocks that keep the world39;s central bankers up at night, in Mexico there is an additional foe for those conjuring monetary policy protection rackets. Extortion has become a massive problem in Mexico, with powerful drug cartels exerting deep influence over swathes of […]
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