UK CPI hits BoE target – both core and headline figures print in line with expectationsWhy the Bank of England won’t be eager to cut interest rates as early as tomorrowThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library UK CPI Hits Bank of England...

Sterling rose in European trade on Wednesday against a basket of major rivals, extending gains for the third session against the dollar and moving off four-week lows after UK inflation data. Mainline UK inflation rose just 2%, the slowest such pace in three years, however, markets focused on services inflation, which remains far from the Bank of Englands targets, in...

Sterling fell in European trade on Tuesday against a basket of major rivals, resuming losses against the dollar and almost touching four-week lows. UK inflation data scheduled for release tomorrow could show that inflation is gradually approaching the 2% target, which might pave the way for a rate cut at the August policy meeting. The Price The GBP/USD pair lost...

The US dollar rose in European trade on Tuesday against a basket of major rivals, resuming gains and approaching six-week highs once again as US 10-year treasury yields rebounded. The gains come ahead of important US retail sales data, which will showcase the status of the US economy in the second quarter. The Index The dollar index rose 0.2% today...

CNBC-TV18 had reported on Thursday siting sources that Alipay, a unit of Jack Ma's Alibaba is looking to sell 29.6 crore shares or 3.4% of the company's overall equity in a block deal.

The rally in the Tata Motors stock comes ahead of the listing of its arm Tata Technologies Ltd on the bourses. Last heard, shares of Tata Technologies were trading at a premium of ₹420 in the grey market, suggesting a likely listing at ₹920 over its issue price of ₹500.

JPmorgan has maintained an 'overweight' rating on Reliance with a target of Rs 2,810 per share, while UBS has maintained a 'neutral' rating on Simens with a target of Rs 3,750 per share.

Fedbank Financial Services IPO listing date: Despite the NBFC's strong track record of growth and profitability, along with its diversified customer portfolio, the lack of enthusiasm among investors could lead to a flat or even negative listing, analysts say.

Feb 19 (Reuters) - Warren Buffett's Berkshire Hathaway ( BRK/A ) said it has sold an additional 750,000 shares of DaVita ( DVA ) , reducing its stake in the kidney dialysis services provider by about 2% to 35.14 million shares worth $5.4 billion. The sales between February 14 and 19 totaled about $115 million, according to a Wednesday night...

MIAMI, Feb 19 (Reuters) - U.S. President Donald Trump said on Wednesday he will announce tariffs related to lumber, cars, semiconductors, chips and pharmaceuticals over the next month or sooner. ...

Feb 19 (Reuters) - Warren Buffett's Berkshire Hathaway ( BRK/A ) said it sold 750,000 shares of DaVita ( DVA ) between February 14 and 19, reducing its stake in the kidney dialysis services provider by about 2% to 35.14 million shares. Berkshire disclosed the sales in a Wednesday night filing with the U.S. Securities and Exchange Commission. The selling...

Feb 19 (Reuters) - Lam Research ( LRCX ) on Wednesday introduced two new tools for building advanced artificial intelligence chips, as the chipmaking tools supplier aims to benefit from a growing AI-driven semiconductor demand. It unveiled ALTUS Halo, a deposition tool that adds molybdenum, a metal, to form precise layers on chips. The metal improves chip performance and enables...

Pegasus, the Israeli spyware, and a missile system were the centerpieces of a near-$2-bn deal between India and Israel in 2017, says a report in The New York Times.

A damning report into “gatherings” at 10 Downing Street through the lockdown has created a major political controversy in the British politics with Prime Minister Boris Johnson at the centre of it. Will the PM survive this storm?

India will ship 50,000 tonnes of wheat and medicines to Afghanistan by road through Pakistan. The process, discussions for which had been going on for a while, will start early next month.

Known as the Freedom Convoy, truckers are protesting the new rule by Prime Minister Justin Trudeau's Liberal government earlier this month that makes it mandatory for unvaccinated Canadian truckers crossing the border to quarantine once they return home.

07:53 AM EDT, 09/05/2024 (MT Newswires) -- First Majestic Silver ( AG ) said Thursday it has agreed to acquire all of the issued and outstanding common shares of silver producer Gatos Silver ( GATO ) . Under the terms of the acquisition, which the companies expect will close in early 2025, Gatos shareholders will receive 2.55 common shares of...

07:54 AM EDT, 09/05/2024 (MT Newswires) -- Algoma Central ( AGMJF ) on Thursday said it appointed Christopher Lazarz as chief financial officer, effective January 1, 2025. Lazarz, who joined Algoma in 2011, is currently vice president, corporate finance. He takes over the CFO position from Peter Winkly who is retiring. ...

07:51 AM EDT, 09/05/2024 (MT Newswires) -- Royal Bank of Canada Chief Executive Officer Dave McKay has a list of reasons he won't be shopping for a bank in the US anytime soon, Bloomberg is reporting. McKay, who leads Canada's biggest lender, said he's not interested in paying for someone else's problems when it comes to attracting customer deposits or...

07:46 AM EDT, 09/05/2024 (MT Newswires) -- Talen Energy ( TLN ) said Thursday that its board has approved an increase in its share repurchase program to $1.25 billion through Q4 of 2026. The company said it plans to fund the program with cash on hand and funds generated by operations. Talen shares were 2% lower in recent premarket trading....

Shark Tank star and Canadian millionaire Kevin O’Leary, who has always been bullish on Bitcoin, expressed how the adoption of green energy by mining companies could reduce fossil fuel usage and trigger a wider acceptance of sustainable energy

The bitcoin mine would use solar and storage technology from Tesla and be entirely run on renewable energy

The crypto industry has been focussing hard on making the business more environment friendly.

The Discovery Fund aims to identify and empower entrepreneurs and early-stage startups to leverage the potential of cryptocurrencies to address real-world problems.