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UK Inflation Picks Up On Tobacco Duty Hike

UK Inflation Picks Up On Tobacco Duty Hike

UK consumer price inflation picked up for the first time in ten months in December due to a hike in the tobacco duty, official data showed Wednesday. The consumer price index, or CPI, rose 4.0 percent on a yearly basis, slightly faster than November's 3.9 percent increase, the Office for National Statistics reported. The rate was forecast to edge down to 3.8 percent.
RTTNews | 616 days ago
Pound Rises On Strong U.K. Inflation Data

Pound Rises On Strong U.K. Inflation Data

The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation picked up unexpectedly in December on alcohol and tobacco prices.
RTTNews | 616 days ago
Sensex, Nifty Plunge As Banks And Metal Stocks Drag

Sensex, Nifty Plunge As Banks And Metal Stocks Drag

Indian shares ended deep in the red on Wednesday as hawkish signals from Fed and ECB officials coupled with signs of an uptick in inflation in the U.K. and Eurozone raised more doubts about the prospects for early rate cuts.
RTTNews | 616 days ago
Apple To Allow Outside Payments For Apps

Apple To Allow Outside Payments For Apps

Apple Inc. has updated its App Store policies, allowing developers to direct customers to outside payment platforms. The development comes as the Supreme Court has declined to review the antitrust case between Apple and Epic Games, where Epic Games sought a ruling to prevent Apple from making changes to its App Store rules.
RTTNews | 616 days ago
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Wednesday.
RTTNews | 616 days ago
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FTSE 100 Declines As Inflation Rises

FTSE 100 Declines As Inflation Rises

U.K. stocks tumbled on Wednesday while the British pound rose against the dollar and euro after data showed U.K. consumer price inflation picked up unexpectedly in December on alcohol and tobacco prices.
RTTNews | 616 days ago
CAC 40 Slips On Uncertainty Over Rate Cuts

CAC 40 Slips On Uncertainty Over Rate Cuts

French stocks retreated on Wednesday after several European Central Bank officials pushed back against investors' bets that they will start cutting interest rates this spring.
RTTNews | 616 days ago
DAX Declines On China Recovery Concerns

DAX Declines On China Recovery Concerns

German stocks fell sharply on Wednesday as a slew of mixed Chinese economic data released earlier today added to concerns over the economic outlook for 2024.
RTTNews | 616 days ago
China GDP Growth Misses Expectations

China GDP Growth Misses Expectations

China's economic growth missed expectations in the fourth quarter but the pace of whole year expansion met the government target despite the property crisis, weak global demand and overburdened government debt. Gross domestic product registered 5.2 percent annual growth in the fourth quarter, data released by the National Bureau of Statistics showed on Wednesday.
RTTNews | 616 days ago

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