All the updated news related to financial market

All the news related to financial market updated in real time

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Truss insists mini-budget is the ‘right plan’ despite market turmoil

Prime Minister Liz Truss has insisted the Government’s tax-cutting measures are the “right plan” in the face of rising energy bills and to get the economy growing despite market turmoil sparked by the Chancellor’s mini-budget. In her first public ...

29 Sept 2022 at 15:57

World

Robinhood cuts 23% of its workforce as fewer users trade

Robinhood Markets has said it is cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. Chief executive Vlad Tenev said the company, whose easy-to-use ...

03 Aug 2022 at 16:27

Bank could rein in rate hikes amid Ukraine conflict despite inflation fears

The Bank of England may scale back interest rate rises due to the conflict in Ukraine as financial markets have slashed their predictions for hikes amid the crisis despite rocketing inflation. ING experts said there had been a “massive” ...

02 Mar 2022 at 13:55

Half of UK’s professionals to look for new job as result of mini-Budget – survey

Half of Britain’s professionals are planning to look for a new job due to fears of rocketing mortgage bills sparked by the Chancellor’s mini-Budget last week, according to new research. A survey of 2,300 workers by jobs site CV-Library ...

30 Sept 2022 at 07:28

Truss and Kwarteng to meet with OBR amid market turmoil

Liz Truss and Kwasi Kwarteng will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by the pair to reassure markets and voters that the economic turmoil of recent days is under control. Treasury ...

30 Sept 2022 at 00:51

Under pressure Truss and Kwarteng defend tax cuts as ‘right plan’

Pressure continued to pile on Liz Truss and Kwasi Kwarteng on Thursday, after the pair insisted their £45 billion package of tax cuts was the “right plan” to get the economy moving despite chaos on the financial markets and fears of ...

29 Sept 2022 at 22:28

Truss and Kwarteng defend tax cuts as ‘right plan’ to get economy moving

Liz Truss and Kwasi Kwarteng have insisted their £45 billion package of tax cuts is the “right plan” to get the economy moving despite chaos on the financial markets and fears of rocketing mortgage bills. In their first public ...

29 Sept 2022 at 20:41

World

Asian stock markets sink amid fears of global banking crisis

Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis. Ahead of a Federal Reserve meeting to decide on more possible interest rate ...

20 Mar 2023 at 05:28

World

New York Community Bank to buy failed Signature Bank in £2.2 billion deal

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a 2.7 billion dollar (£2.2 billion) deal, the Federal Deposit Insurance Corp (FDIC) said late on Sunday. The 40 branches of ...

20 Mar 2023 at 03:25

World

Credit Suisse to borrow £45bn from Swiss central bank after share price plummets

Credit Suisse is planning to borrow up to 50 billion Swiss francs (£45 billion) from Switzerland’s central bank in a bid to boost its liquidity and calm investors a day after the bank’s share price plummeted. Credit ...

16 Mar 2023 at 03:48

City

Virgin Money sees shrinking profits as debt provisions multiply

Challenger bank Virgin Money has reported shrinking profits as it cautioned over a jump in borrowers defaulting on their loans. The lender, which was founded by entrepreneur Sir Richard Branson, said its underlying ...

04 May 2023 at 12:36

City

Investor appetite for IPOs improving in UK after ‘muted’ year, Peel Hunt says

Investment bank Peel Hunt has said sentiment towards company listings has started to improve in the UK after a quiet year, but that it still expects to report an annual loss. The company reported a “resilient” ...

03 Apr 2024 at 08:25

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