Connect with us

Finance

UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation

Published

on

UK finance minister: We must stick to plan to bring down ‘nightmare’ inflation

LONDON, Jan 18 (Reuters) – British finance minister Jeremy Hunt welcomed a small dip in inflation on Wednesday, however stated the federal government wanted to stay to its plan and take troublesome choices to deliver it down additional.

“Excessive inflation is a nightmare for household budgets, destroys enterprise funding and results in strike motion, so nevertheless powerful, we have to persist with our plan to deliver it down,” he stated in a press release.

“Whereas any fall in inflation is welcome, we now have a plan to go additional and halve inflation this yr, cut back debt, and develop the economic system – however it’s vital that we take the troublesome choices wanted and see the plan by.”

Reporting by William James; Modifying by Kate Holton

Our Requirements: The Thomson Reuters Belief Rules.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Finance

Jimmy Carter’s legacy, stocks fall amid rally hopes: Morning Brief

Published

on

Jimmy Carter’s legacy, stocks fall amid rally hopes: Morning Brief

It’s the last full trading day of 2024 and Wall Street has its eyes peeled for the slightest signs of a Santa Claus rally. Seana Smith and Madison Mills observe some of the biggest market stories while speaking with top analysts on today’s episode of The Morning Brief.

Former President Jimmy Carter passed away over the weekend at the age of 100. To talk more about the US leader’s legacy and role in significant peace talks, the program welcomes American University professor Allan Lichtman and Marc Ginsberg, the former White House Deputy Senior Advisor for Middle East Policy under former President Carter.

As US stocks (^DJI, ^IXIC, ^GSPC) continue to see declines at the start of Monday’s session, the Morning Brief team looks back on the best and worst performing sectors of 2024.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Other top trending stocks on the Yahoo Finance platform include Boeing (BA), American Airlines (AAL), Nissan (NSANY, 8291.T)

Advertisement

This post was written by Luke Carberry Mogan.

Continue Reading

Finance

Stocks slip, Boeing stock falls after crash in South Korea: Yahoo Finance

Published

on

Stocks slip, Boeing stock falls after crash in South Korea: Yahoo Finance

The major indexes (^DJI,^GSPC, ^IXIC) are trading lower on Monday. It follows a sharp sell-off on Friday when the Nasdaq shed 1.5%. One stock on the move is Boeing (BA). Its shares are falling after South Korean officials ordered all Boeing 737-800 planes to be inspected after a Jeju Air crash killed 179 of the 181 people on board.

Key guests include:
9:10 a.m. ET – Josh Wein, Hennessy Funds Portfolio Manager
9:45 a.m. ET – Justin Patterson, KeyBanc Managing Director
10:20 a.m. ET – Gregory Kuhl, Janus Henderson Investors, Portfolio Manager, Global Real Estate
11:00 a.m. ET – Roosevelt Bowman, Bernstein Private Wealth Management Senior Investment Strategist

Continue Reading

Finance

SingPost Names Group Finance Chief After Whistleblower Report

Published

on

SingPost Names Group Finance Chief After Whistleblower Report

(Bloomberg) — Singapore Post Ltd. named a group chief financial officer and said the search for a chief executive continues after it fired a number of senior executives over allegations of misconduct.

Most Read from Bloomberg

Isaac Mah, currently the CFO of the company’s Australia business, Freight Management Holdings Pty, will return home to take up the group CFO post, the Temasek Holdings Pte-backed firm said in a filing on Sunday. It also appointed Gan Heng, who currently heads the South District International Business Unit, as acting CEO of IBU.

The appointments follow the dismissal of three senior executives on disciplinary grounds, following a whistleblower’s report on lapses at its international e-commerce logistics parcel business. Singapore Post’s investigations into the report allegedly found several employees in the IBU made manual entries of some delivery status codes with the intent of avoiding contractual penalties with one of the firm’s largest customers.

Shares of the firm, which slid the most intraday since March 2020 after the dismissals last week, were trading unchanged as of 9:30 a.m. in Singapore on Monday.

Advertisement

Singapore Post said the sale of its Australia business, announced earlier this month, remains on track.

The company also paid a settlement to the unidentified customer, besides renewing its contract with the customer in August.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Advertisement
Continue Reading

Trending