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Pound Drops On Rate Hike Worries After Strong Inflation Data

Pound Drops On Rate Hike Worries After Strong Inflation Data

The pound fell against its major rivals in the European session on Wednesday, as the nation's inflation came in well above consensus expectations in May, raising concerns about a bigger rate hike from the Bank of England at the monetary policy decision on Thursday.
RTTNews | 720 hari yang lalu
Twitter Sued By Employees Over Promised But Unpaid Bonuses

Twitter Sued By Employees Over Promised But Unpaid Bonuses

Twitter Inc. employees have sued the social media major for allegedly refusing to pay 2022 bonuses, even after promising to pay 50 percent of targeted bonus. In a lawsuit filed in San Francisco federal court, the current and former Twitter employees claim that in the months leading up to Elon Musk's acquisition of Twitter in October 2022, the company's executives, including former Chief Financial.
RTTNews | 721 hari yang lalu
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European Shares Subdued With UK Inflation Data In Focus

European Shares Subdued With UK Inflation Data In Focus

European stocks were flat to slightly lower on Wednesday, as investors reacted to stronger than expected U.K. inflation data and awaited Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.
RTTNews | 721 hari yang lalu
Stable UK Inflation Warrants Bold Action From Bank Of England

Stable UK Inflation Warrants Bold Action From Bank Of England

UK consumer prices logged a steady growth rather than a slowdown in May and core inflation accelerated further adding pressure on the Bank of England to raise the benchmark rate by half a percentage point. Consumer price inflation remained unchanged at 8.7 percent in May, the Office for National Statistics reported Wednesday. The rate was forecast to ease to 8.4 percent.
RTTNews | 721 hari yang lalu
CAC 40 Subdued On China Concerns

CAC 40 Subdued On China Concerns

French stocks were subdued on Wednesday as investors awaited Fed Chair Jerome Powell's remarks in front of Congress later in the day for clues on the monetary policy outlook.
RTTNews | 721 hari yang lalu
Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA

Europe Car Sales Continue Strong Growth On Robust EV Demand: ACEA

The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along with robust demand for electric vehicles, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
RTTNews | 721 hari yang lalu
DAX Edges Higher Led By Banks

DAX Edges Higher Led By Banks

German stocks were seeing modest gains on Wednesday ahead of Federal Reserve chairman Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee.
RTTNews | 721 hari yang lalu

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