UK borrowing falls more than expected, Hammond being forced to

LONDON (Reuters) – Britain's government borrowed less than expected a few weeks ago, as outlined by official data on Thursday that will cheer finance minister Philip Hammond but also increase pressure on him to spend more after years of deficit reduction. Public sector borrowing fell in May to five.0 billion pounds ($6.6 billion), in contrast […]Read More

China Accuses U.S. of Trade `Abuses’ as India Strikes Back

(Bloomberg) — Global trade tensions deepened Thursday with China reiterating it’ll hit back when the latest tariff threats from Donald Trump materialize, while India followed the European Union in slapping retaliatory levies on U.S. goods. China is “fully prepared” to respond to any new set of U.S. tariffs, in line with a commerce ministry spokesman, […]Read More

Euro zone to link payout of four.8 billion euros to

LUXEMBOURG (Reuters) – Euro zone finance ministers will link payouts to Greece of merely one.2 billion euros a year until 2022 to continued implementation of reforms agreed under its bailout agreements, a document ready for the ministers showed on Thursday. The document, describing the "Enhanced Surveillance" that Greece shall be at the mercy of after […]Read More

UK’s Hammond to reassure bankers he can protect them in

LONDON (Reuters) – Britain's finance minister attempt to reassure bankers on Thursday which he will protect their interests as London leaves europe, using a speech emphasizing open trade as well as relationship of economic services both with Europe and beyond. Philip Hammond, one of the most pro-European of Pm Theresa May's top ministers, will inform […]Read More

Bank regulation has gone much, ECB supervisor argues

FRANKFURT (Reuters) – Bank regulation adjusted too much, yet supervisors can still be missing risk factors which may herald your next crisis, the outgoing Dutch an affiliate the European Central Bank's Supervisory Board said on Thursday. Banks have faced increasingly stringent rules because global financial crisis and critics debate that excessive regulation could force financial […]Read More

Steelworks test mettle of Italy’s anti-establishment government

TARANTO, Italy (Reuters) – The anti-establishment 5-Star Movement campaigned for some time to shut Ilva, Europe's largest steelworks which has brought death, environmental disaster and jobs to the current corner of southern Italy. In March, 5-Star become the country's biggest single party in national elections and also this month it forged a coalition government while […]Read More

ECB confident on inflation outlook despite risks: Villeroy

PARIS (Reuters) – The eu Central Bank is confident inflation is on target although the specter of protectionism and various risks including Brexit are exacerbating broader economic uncertainty, ECB policymaker Francois Villeroy de Galhau said on Thursday. Speaking on a conference along at the French central bank that he or she also heads, Villeroy said […]Read More

BoE chief economist votes for rate rise, boosting chance of

LONDON (Reuters) – Your budget of England bolstered expectations that at its next meeting it’s going to raise rates only for another quantity of several years, after its chief economist unexpectedly joined the minority of policymakers voting for a hike on Thursday. The central bank also gave new guidance on when it might commence to […]Read More

Washington’s ‘capricious’ trade actions will hurt U.S. workers, China warns

BEIJING (Reuters) – China's commerce ministry on Thursday accused the us of being "capricious" over bilateral trade issues, and warned which the interests of U.S. workers and farmers ultimately is going to be hurt by Washington's penchant for brandishing "big sticks". Previous trade negotiations together with the Usa were constructive, but Beijing has experienced to […]Read More