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UK Inflation Near 2-1/2 Year Low

UK consumer price inflation weakened to the lowest in nearly two-and-a-half years in February on easing food price inflation, official data showed ahead of the Bank of England's monetary policy announcement this week. The consumer price index registered an annual growth of 3.4 percent, slower than the 4.0 percent rise in January, the Office for National Statistics reported Wednesday.
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JetBlue To Cut Unprofitable Routes, Cities To Trim Costs

JetBlue To Cut Unprofitable Routes, Cities To Trim Costs

JetBlue Airways has decided to cut many unprofitable routes, including from Los Angeles, and ending services to many cities as part of the carrier's latest efforts to cut costs, reports said citing a memo to staff. The news comes as the loss-making airline is under increased pressure to cut its expenses and return to profitability after projecting weakness in its performance in the new year.
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FTSE 100 Modestly Lower After Inflation Data

FTSE 100 Modestly Lower After Inflation Data

U.K. stocks were slightly lower on Wednesday ahead of the Fed's interest-rate decision later in the day and the Bank of England policy meeting on Thursday.
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China Keeps Key Lending Rates Unchanged

China Keeps Key Lending Rates Unchanged

China's central bank left its loan prime rates unchanged on Wednesday, as widely expected, as authorities monitor developments in the housing market and credit growth. The People's Bank of China kept the five-year loan prime rate at 3.95 percent after lowering it by 5 basis points in February. The one-year LPR was retained at 3.45 percent.
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Yen Extends Slide; U.S. Fed Decision In Focus

Yen Extends Slide; U.S. Fed Decision In Focus

The Japanese yen continued to weaken against other major currencies in the Asian session on Wednesday, as Asian stocks traded higher after the monetary policy announcements from the Bank of Japan, People's Bank of China and the Reserve Bank of Australia. They are also cautiously looking ahead to the U.S. Fed's monetary policy decision later in the day.
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Yen Depreciates Against Majors

Yen Depreciates Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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