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Money › Finance

UK inflation rate dips below 10 per cent as petrol prices fall

Financial Times | Sep 14, 2022 at 8:13 AM

…Economists expect a 0.5 percentage point increase when the bank’s Monetary Policy Committee meets next week, with its official interest rate expected to rise from 1.75 per cent now to at least 3 per cent…

The inflation fight was always going to be ugly

Financial Times | Sep 14, 2022 at 7:30 AM

…As of Monday, the futures market had been pricing in no chance of a 100 basis point rate increase when the central bank meets next week. By Tuesday evening it reckoned the chances at one in three….

US move deepens worries over organised crime in Paraguay

Financial Times | Sep 14, 2022 at 6:00 AM

…The US singled out a bank owned by Cartes as an alleged money laundering centre in a 2009 state department cable published in 2010 by WikiLeaks….

Economists braced for Fed to pursue steep rate rises beyond September

Financial Times | Sep 14, 2022 at 6:00 AM

…Economists and investors are braced for aggressive Federal Reserve interest rate increases to continue beyond September after an unexpected jump in monthly inflation reignited fears over the US central bank …

How the UK government could get a decent deal on energy

Financial Times | Sep 14, 2022 at 6:00 AM

…As those contracts expire from this year, projects lose their stable funding base, become riskier and more expensive to finance ….

Aston Martin faces £150mn lawsuit from dealers over Valkyrie hypercar

Financial Times | Sep 14, 2022 at 6:00 AM

…Solving the Valkyrie problems is also important for Aston, as the company has often relied on its limited-run high-price special models to bolster its finances ….

Irish regulator may be open to reviewing ETF disclosure rules, says lawyer

Financial Times | Sep 14, 2022 at 6:00 AM

…“The bank continues to keep its position under review but is not planning any immediate announcement on the matter,” it said….

Fed’s faster ‘quantitative tightening’ adds to strain on bond market

Financial Times | Sep 14, 2022 at 6:00 AM

…“And whenever banks are stressed, it usually spreads over to non- banks and Treasury markets and other [funding] markets.”…

EY’s break-up plan raises fears over audit business

Financial Times | Sep 14, 2022 at 6:00 AM

…But like competitors, EY is struggling to hire enough auditors to meet demand in several countries, with some blaming increased regulatory scrutiny and lower pay than at law firms or investment banks ….

New Italian government will face two familiar business dilemmas

Financial Times | Sep 14, 2022 at 6:00 AM

…Some politicians fear privatising the bank might lead to massive job losses….

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