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UK Inflation Jumps to 2.3, Underscoring BoEs Stance for Gradual Rate Cuts

November 20, 2024
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UK CPI 2.3 in October vs Reuters poll 2.2 Bank of England had also expected 2.2 Underlying inflation measures rise too Sterling jumps and investors trim BoE rate cut bets BoE has stressed it will move gradually on rates LONDON, Nov 20 Reuters British inflation jumped by more than expected last month to rise back […]

November 20, 2024
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SAN FRANCISCO, Nov 20 Reuters KPMG said on Wednesday it would spend 100 million over the next four years to bolster its enterprise artificial intelligence services through a partnership with Alphabet39;s Google Cloud. Part of the money will be spent on payments directly to Google, though the majority will be spent on inhouse efforts that leverage […]

November 20, 2024
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LONDON, Nov 20 Reuters Britain39;s official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England39;s task of deciding how quickly to cut interest rates, a think tank said on Wednesday. The Resolution Foundation said the official methodology which is being overhauled might also […]

November 20, 2024
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SEOUL, Nov 20 Reuters South Korea should continue to normalize monetary policy to provide support for shoring up economic activity even as headline inflation is easing, the International Monetary Fund said on Wednesday. While inflation is around the Bank of Korea39;s target of 2, a gradual monetary policy normalization seems appropriate given high uncertainty, the […]

November 20, 2024
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Oct exports 3.1 yryr vs poll forecast 2.2 Imports rise 0.4 yryr in Oct Chinabound shipments up 1.5 yryr Japanese businesses weigh impact of potential US tariffs TOKYO, Nov 20 Reuters Japan39;s exports expanded faster than expected in October, led by a pickup in chip equipment demand in China, though fears persist over potential U.S. […]

November 20, 2024
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WASHINGTON, Nov 20 Reuters A group of nine Democratic senators on Wednesday urged U.S. auto regulators to move quickly to issue new vehicle safety rules in the face of traffic deaths that remain significantly above preCOVID levels. Senators Ed Markey, Richard Blumenthal, Dick Durbin, Jack Reed, Ron Wyden and others wrote the National Highway Traffic […]

November 20, 2024
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In this episode of Bloomberg Expert Access, Rob Barnett, Senior Energy and Commodity Analyst at Bloomberg Intelligence, discusses the future of solar installations and why 2025 may result in massive growth for the industry.

November 20, 2024
Finance
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Bitcoin close to overnight record high of 94,078 Sterling spikes briefly after strong inflation data Dollaryen firms 0.7, reversing previous day39;s move Nov 20 Reuters The U.S. dollar advanced on Wednesday, resuming its postelection rally after a threeday slide as investors awaited more clues on U.S. Presidentelect Donald Trump39;s proposed policies, while the Japanese yen […]

November 20, 2024
Finance
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Fed ratecut pause next month could subdue gold, ANZ says Bullion hits highest level since Nov. 11 Putin issues warning to US with new nuclear doctrine Nov 20 Reuters Gold prices eased from a oneweek high on Wednesday as the dollar strengthened, though safehaven demand linked to RussiaUkraine tensions helped cap further losses. Spot gold […]

November 20, 2024
Finance
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JOHANNESBURG, Nov 20 Reuters South Africa39;s rand was little changed early on Wednesday ahead of highly anticipated local inflation and retail sales data. At 0851 GMT, the rand traded at 18.05 against the dollar , not far from its previous close. Trade in the local currency has been volatile in recent sessions as risk appetite […]

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UK Inflation Jumps to 2.3, Underscoring BoEs Stance for Gradual Rate Cuts

KPMG to Spend 100 mln on AI Partnership with Google Cloud

Nearly 1 Million UK Workers are Uncounted, Think Tank Says

South Korea should Normalize Monetary Policy, IMF Says

Japan Exports Rebound on China Chipmaking Demand but Trump Tariff Risks Loom

US Senators Push Auto Safety Agency to Finalize Vehicle Rules

Bloomberg Expert Access: Rob Barnett on why 2025 is looking bright for the solar industry

USD Snaps Back on 3Day Slide, Investors await Cues on Trump Policies

Gold Prices Ease from OneWeek High as US Dollar Strengthens

S.African Rand Steady ahead of Inflation, Retail Sales Data

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