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Following the results of the meeting in March, the Bank of England left the base interest rate unchanged at the level of 0.75% and stated that in the future it would consider changing the rates depending on the Brexit process. Uncertainty about the exit of the UK from the EU continues to affect trust and business activity in the country. The British regulator will closely monitor the state of the British economy during the Brexit process and can both increase and decrease the cost of borrowing. The Central Bank expects GDP growth in the first quarter by 0.3%, whereas the economic growth was previously projected at 0.2%. The March decision of the Bank of England contributed to a moderate depreciation of the pound sterling against the dollar and the euro.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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