Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
Geopolitical risk is the biggest threat to a prospective June rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
Several ECB officials have made remarks about their expectations for interest rates in recent days.
World Bank Report Highlights Advantage Of Central Bank Gold Revaluation Accounts By Jan Nieuwenhuijs of Gainesville Coins Recently the World Bank released a handbook for asset managers on why to invest in gold. At Gainesville Coins I have written numerous articles on gold revaluation accounts and how these can be deployed by central banks to absorb losses in case of emergency. The World Bank has taken notice of my research as they allude to this practice in a chapter on reserve...
After a historic inaugural campaign, the awards continue to pile up for the Iowa women’s wrestling team. Head coach Clarissa Chun was named the USA Women’s Wrestling Coach of the Year on April 20. The announcement was made by the organization during the 2024 Olympic Team Trials in State College, Pennsylvania. This is Chun’s second
With a heavy heart, Gabriel Braga stepped into the cage for the first time since his father’s tragic death. At the 2024 PFL 3 event, Braga (13-1) kicked off his featherweight season with a bout against Justin Gonzales. The emotional stakes were high as Braga fought to honor his late father. In the closing seconds of Round 1, Gabriel Braga unleashed a series of powerful punches that sent Gonzales (14-4) sprawling to the canvas. With just one second left on the clock, the referee stepped in to...
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
Israel is now potentially facing war on two fronts. The country’s invasion of Gaza, a response to the Oct. 7 assault by Hamas militants, is now in its sixth month. Now there’s every reason to anticipate a reaction to Iran’s weekend attack that directed more than 300 drones and missiles toward Israel. Many will argue that, of course, Israel must respond — with force and finality — but focusing on the most immediate cycle of action and reaction ignores the far bigger dilemma gripping Israel, Iran...
THE world’s first artificial intelligence-generated beauty pageant is not receiving the alluring praise from techies that the event’s creators hoped for. AI creators will have an opport
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
The Federal Reserve will be watching jobs and unemployment numbers, as well as a manufacturing index and other private sector reports.