Economy & Finance

Big Four told to ring fence auditing in Britain by June 2024

Big Four told to ring fence auditing in Britain by June 2024

Published 06/07/2020

LONDON (Reuters) - PwC, Deloitte, KPMG and EY should ring fence auditing in Britain as a separate business by June 2024, their regulator said on [more…]

Lloyds Bank CEO António Horta-Osório to leave next year

Lloyds Bank CEO António Horta-Osório to leave next year

Published 06/07/2020

(Reuters) - Lloyds Banking Group (LLOY.L) Chief Executive António Horta-Osório said on Monday he would step down next year after nearly a decade at the [more…]

UK new car sales post smaller slump in June

UK new car sales post smaller slump in June

Published 06/07/2020

LONDON (Reuters) - British new car registrations fell by an annual 35% in June, the smallest drop since February, as many dealerships reopened after coronavirus [more…]

World shares rally to four-week highs as investors bet on China revival

World shares rally to four-week highs as investors bet on China revival

Published 06/07/2020

LONDON (Reuters) - Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, [more…]

UK’s Sunak plans tax cuts to boost COVID recovery, The Times reports

UK’s Sunak plans tax cuts to boost COVID recovery, The Times reports

Published 06/07/2020

LONDON (Reuters) - British finance minister Rishi Sunak will try to restart the country’s economy by giving homebuyers a tax break and cutting value-added tax [more…]

Moderate rebound in German industry orders points to slow recovery

Moderate rebound in German industry orders points to slow recovery

Published 06/07/2020

BERLIN (Reuters) - Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous [more…]

UK insurer Aviva CEO Tulloch steps down, Blanc appointed

UK insurer Aviva CEO Tulloch steps down, Blanc appointed

Published 06/07/2020

LONDON (Reuters) - Aviva (AV.L) CEO Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said on Monday, naming [more…]

Ford’s China ventures extend auto sales recovery in June

Ford’s China ventures extend auto sales recovery in June

Published 06/07/2020

BEIJING (Reuters) - Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced [more…]

One fifth of German firms fear for their survival amid pandemic: Ifo

One fifth of German firms fear for their survival amid pandemic: Ifo

Published 06/07/2020

BERLIN (Reuters) - Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, [more…]

U.S. stock funds shed $4.6 billion in week: Lipper

U.S. stock funds shed $4.6 billion in week: Lipper

Published 02/07/2020

(Reuters) - The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 [more…]