By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) – Britain faces a record hit to living standards this…
Miners drag Europe’s STOXX 600 lower; German shares rise after Siemens’ profit beat
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index closed lower on Thursday as declines in miners and…
World Bank financing arm IFC will discuss $2 billion Ukraine package in December
LONDON (Reuters) – The World Bank’s private investment arm will discuss a $2 billion support package for Ukraine at a…
As recession looms, British business sends out lending SOS
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -As inflation rockets and recession looms, many British businesses are…
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is…
Britain’s budget plan restores credibility but risks remain -Moody’s
LONDON (Reuters) – Britain’s budget plan for tax increases and tighter public spending announced on Thursday goes some way to…
Britain to help insurers invest in economy, trims bank tax rate
By Huw Jones, Iain Withers and Carolyn Cohn LONDON (Reuters) -Britain set out more plans on Thursday to help make…
Lyondell plans to expand propylene capacity at Houston
(Reuters) – Lyondell Basell Industries is evaluating expansion of propylene production capacity at its Channelview Complex near Houston, the chemicals…
UK economy forecast to shrink 1.4% in 2023
LONDON (Reuters) – Britain’s economy is forecast to shrink by 1.4% in 2023, finance minister Jeremy Hunt said on Thursday,…
Marketmind: Bear Hunt
A look at the day ahead in U.S. and global markets from Mike Dolan. With the Federal Reserve still talking…