UK gilt prices rocket after Bank of England steps into market
British government bond prices soared on Wednesday after the Bank of England said it would buy long-dated bonds to bring calm to the market, although…
Category: Business
Boeing, Taiwan’s China Airlines finalize 787 order
Taiwan’s China Airlines (2610.TW) has finalized an order for 16 Boeing Co (BA.N) 787 Dreamliner jets, with an option for 8 more, the companies said…
U.S. new vehicle sales to increase on strong demand
U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an…
UK housing market may face perfect storm as mortgage rates rise, house prices drop
A surge in borrowing costs and a likely slowdown in economic growth threaten to trigger a selloff in Britain’s housing market with consequences for personal…
Smithfield Foods to pay $75 mln in pork price-fixing settlement
Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring…
Instacart, Shipt plan new payment methods for low-income U.S. shoppers
Grocery delivery services Instacart and Target Corp’s (TGT.N) Shipt said on Wednesday they will expand their payment methods for low-income U.S. shoppers in line with…
U.S. consumer bureau orders Regions to pay $191 million for surprise overdraft fees
The U.S. Consumer Financial Protection Bureau has ordered Regions Financial Corp (RF.N) to pay $191 million in fines and refunds, after the regulator said the…