8:00 - 19:00

Working hours MON. - FRI.

Provident seeks to save home credit business with bulk complaint settlement By Reuters

(Reuters) - Provident Financial (LON:PFG) on Monday outlined a 50 million pound plan to settle a surge in customer complaints and claims against its home credit business last year, warning the unit could collapse if the scheme is not approved. The company, which lends to people who do not meet the lending criteria of mainstream banks, said Britain's Financial Conduct...

Continue reading

Yellen Says U.S. Inflation Risk Remains Small, ‘Manageable’ By Bloomberg

(Bloomberg) -- Treasury Secretary Janet Yellen said U.S. inflation risks remain subdued as the Biden administration pumps $1.9 trillion in pandemic relief into the economy and a return to full employment comes into view. “Is there a risk of inflation? I think there’s a small risk and I think it’s manageable,” Yellen said on ABC’s “This Week” on Sunday. Some prices that fell...

Continue reading

Bank of England Official Says QE ‘Not Ideal’ in the Longer Term By Bloomberg

(Bloomberg) -- The Bank of England’s main program to stimulate the economy is “not ideal in the long run,” an official overseeing threats to the banking system said. Alex Brazier, the U.K. central bank’s executive director of financial stability, identified the quantitative easing program as a potential risk. Under the measure, the bank buys...

Continue reading

World stocks inch up on increasing bets on faster economic recovery By Reuters

By Hideyuki Sano TOKYO (Reuters) - Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the $1.9 trillion stimulus bill President Joe Biden signed into law last week. A rollout of COVID-19 vaccinations in the United States and some other countries stoked a bullish mood on...

Continue reading

UK government opens new offices in Scotland in effort to shore up union By Reuters

LONDON (Reuters) - Britain's cabinet office will set up a "second flagship HQ" in Glasgow as the government plans to move some of its operations to Scotland, ministers announced on Monday, at a time when support for Scottish independence is running high. Ties between Scotland and the rest of Britain have been badly strained by a much-criticised COVID-19 pandemic response and Brexit,...

Continue reading

Top Toshiba shareholder gets support from CalPERS, Norway fund for probe By Reuters

TOKYO (Reuters) - California Public Employees' Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records. Singapore-based Effissimo, which is Toshiba's largest shareholder with a 9.9% stake, is calling for an independent investigation into allegations that shareholders were pressured...

Continue reading

Danone board ousts Faber as chairman after activist pressure – Le Figaro By Reuters

PARIS (Reuters) - The board of French food group Danone on Sunday voted to oust Emmanuel Faber as chairman, Le Figaro newspaper reported, as the group tries to draw a line under a management crisis and growing pressure from shareholders. Faber, who had recently said he would relinquish his role as CEO but stay on as chairman to try to appease critics,...

Continue reading

Stripe says raised $600 million in funding round at a $95 billion valuation By Reuters

(Reuters) - Payment processing firm Stripe said on Sunday its valuation hit $95 billion after it raised $600 million in a new funding round. That makes Stripe the most valuable private company Silicon Valley has produced, according to the Financial Times. Stripe said in a statement that primary investors in the funding round are units of Allianz (DE:ALVG) SE, AXA SA (PA:AXAF),...

Continue reading
en_GBEnglish