Western Europe

Highlights: Bank of England rate setters speak in parliament

Highlights: Bank of England rate setters speak in parliament

Published 17/10/2017

Members of the Bank of England interest rate setting committee were speaking in parliament on Tuesday. They also supplied statements to the Treasury Committee. Below are some of their comments: [more…]

Bank of England`s Ramsden says in no hurry to raise interest rates

Bank of England`s Ramsden says in no hurry to raise interest rates

Published 17/10/2017

New Bank of England Deputy Governor Dave Ramsden said on Tuesday he was in no hurry to vote for an interest rate hike because he saw little sign of inflation pressure building in Britain's labor market. [more…]

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Labour leader and other UK lawmakers could lose seats in cost cutting plan

Published 17/10/2017

The leader of Britain's main opposition Labour Party, Jeremy Corbyn, and other politicians could lose their seats if proposals to "cut the cost of politics" go ahead, a report suggested on Tuesday. [more…]

Accelerating inflation points to likely ECB monetary policy change: ZEW

Accelerating inflation points to likely ECB monetary policy change: ZEW

Published 17/10/2017

Accelerating inflation bodes well for the German economy and makes it more probable that the European Central Bank will alter its ultra-loose monetary policy, the ZEW research institute said on Tuesday. [more…]

Global stocks stay buoyant as dollar, bond yields rise

Global stocks stay buoyant as dollar, bond yields rise

Published 17/10/2017

World equity markets held close to all-time highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain. [more…]

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

With Spain gripped by Catalonia crisis, VW`s Seat delays naming new model

Published 17/10/2017

With the Spanish media focused on the political crisis over Catalonia, Volkswagen's (VOWG_p.DE) Spanish division Seat has decided to delay announcing the name of its forthcoming model. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

EU watchdogs to study cost, performance of mutual funds

EU watchdogs to study cost, performance of mutual funds

Published 17/10/2017

European Union financial watchdogs will conduct a large-scale study into the cost and performance of mutual funds, a top regulator said on Tuesday. [more…]

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

UK inflation hits 5-1/2-year high in September, keeps BoE hike on track

Published 17/10/2017

British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. [more…]

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

Published 17/10/2017

Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co. [more…]