Top Bank of England official Ben Broadbent is not ready to raise interest rates just yet, he said in a newspaper interview published on Wednesday, substantially lessening the chances that borrowing costs will rise soon. Deputy Governor Broadbent said the mood among businesses was central to his analysis and that it was “very difficult” for […]

Luxury brand Burberry reported a better-than-expected increase in like-for-like sales in its first quarterly report under new CEO Marco Gobbetti, helped by stronger demand in China and a continuing good performance in its home British market. Like-for-like sales increased by 4 percent, double the rate of growth expected by analysts, led by its newest ranges […]

The International Monetary Fund‘s Managing Director, Christine Lagarde, has said that she would not rule out another financial crisis in her lifetime, indicating that comments made recently by Federal Reserve Chair Janet Yellen may have been premature. “There may, one day, be another crisis,” Lagarde told CNBC Tuesday on the sidelines of a joint conference […]

Fintech app Revolut has raised $66 million in a venture capital investment in order to expand its operations further across Asia and North America. The London-based business, which offers foreign currency to consumers abroad at the interbank rate available on the financial markets, raised the money in a Series B venture capital, bringing its total […]

European bourses look set to push higher Wednesday morning, with the German DAX leading the way as investors look ahead to earnings reports and monitor the latest political developments in the U.S. Germany’s stock index looks set to gain 46 points to open at 12,483. The British FTSE 100 is anticipated to open up 25 […]

President DonaldTrump‘s state visit to the United Kingdom, initially planned for this year, will be delayed until next year, a senior U.S. administration official said on Tuesday. Britisn Prime Minister Theresa May had invited Trump to London when she visited the White House soon after Trump took office on Jan. 20. But the two sides […]

Britain’s exit from the European Union has not only revitalized current members but it has also inspired countries outside of the bloc to apply for membership, the International Monetary Fund’s managing director, Christine Lagarde told CNBC Tuesday. “It’s quite fascinating to see this sort of parallel track of those existing members of the EU suddenly […]

Investors and international institutions often criticize France for its rigid labor market and how that’s a drag on its economic performance. But that’s about to change, the former governor of the Bank of France told CNBC. “I frankly think that apart from the U.K., in three, four months from now, France will have the more […]

Gold prices might be are under pressure from the current “risk-on” environment for equities and rising interest rates, but several analysts expect the price to recover and say the precious metal can provide investors some real risk protection. Gold is currently trading around $1,210 per troy ounce. During Monday’s session it fell to $1,204.45, the […]

U.S. shale production is expected to surge throughout the remainder of the year but investors should be prepared for nowhere near as much growth in 2018, according to Dan Yergin, vice chairman at IHS Markit. “We still see U.S. shale continuing to grow and being an important part of the supply but I think this […]