Author: Arabian Media staff
Federal Reserve Chairman Jerome Powell on Tuesday gave little sign of when U.S. interest rates will be reduced again, telling Congress that tariffs are likely to push up inflation and “weigh on economic activity.” Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Spanish government has thrown a new obstacle into the path of BBVA’s €11bn hostile bid for rival lender Sabadell, declaring that the would-be acquirer cannot merge the two entities for at least three years.Spain’s economy minister Carlos Cuerpo said that after a 30-day review the cabinet had decided that the two entities would have to “maintain separate legal identities and assets, as well as autonomy in the management of their activities” for three years and possibly more.The decision means BBVA must…
“His trust named his son as the only beneficiary of his home and had no alternate beneficiaries.” Source link
Stay informed with free updatesSimply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox.The Co-op will stop selling carrots from Israel and vodka from Russia as the UK food retailer cuts ties with suppliers in countries with “internationally recognised” human rights abuses and violations of international law. The member-owned group, which operates more than 2,300 convenience stores in Britain, said on Tuesday that it will remove an array of products from shelves starting this month, after its members demanded that the Co-op do all it can to “advocate and build peace.” The move…
Stay informed with free updatesSimply sign up to the US interest rates myFT Digest — delivered directly to your inbox.Federal Reserve chair Jay Powell has signalled he would push back on calls for interest rate cuts as soon as July, saying the US economy remains “solid” and the effects of President Donald Trump’s trade war and other policy changes are “uncertain”.Two members of the Fed’s board — Chris Waller and Michelle Bowman — have said in recent days that they would support a cut at the Fed’s next rate-setting vote in July, saying recent inflation readings suggested that Trump’s tariffs…
Stablecoins have come into greater focus by investors. Source link
This mutual-fund manager stays calm through uncertainty — and significantly outperforms the stock market. Source link
More travelers have been using generative artificial intelligence to book trips this year. Source link
When uranium moves, it’s usually dramatic: The last bull market saw prices spike nearly tenfold. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTop central bankers have delivered a scathing assessment of stablecoins, saying they “perform badly” on key requirements for being widely used as money, disavowing US President Donald Trump’s push to make them a pillar of mainstream finance.The Bank for International Settlements said stablecoins fail the three main tests of any money because they are not backed by central banks, lack sufficient guardrails against illicit usage and do not have the flexibility of funding needed to generate loans.Stablecoins are designed to…