Member of the Bank of England's monetary policy committee, Michael Saunders, believes that if a smooth Brexit process occurs, the British regulator will have to raise interest rates in the coming years faster than investors' expectations, Dow Jones writes. He predicts the achievement of full employment and faster wage increases, which, according to him, will lead to an increase in inflationary pressure. Saunders pointed out that the British economy will receive a strong impetus as a result of the country's smooth withdrawal from the European Union. If the withdrawal is erratic, then we can expect a reduction in investment and a reduction in hiring.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
On Thursday, the European Court of Justice (ECJ) rejected the validity of the data transfer mechanism used by the European Union and the United States which could facilitate the transfer of data from both countries. The data transfer tool ...