uk inflation

 

Wall Street dips as caution sets in ahead of inflation data

Feb 13 2018

Wall Street’s main indexes were down about a third of a percent, falling for the first time in three sessions as caution crept in ahead of crucial data on inflation.

Sterling climbs as UK inflation beats expectations

Feb 13 2018

Sterling briefly climbed to its highest so far this week after data showed British inflation unexpectedly stayed close to its highest levels in six years in January.

Sterling climbs as UK inflation hits six-year high

Dec 12 2017

The pound climbed to the day’s high $1.3380 after the data, up from $1.3335 beforehand.

UK govt, companies agree on need for Brexit transition: Carney

Nov 16 2017

Carney said there was a broad understanding in Britain and in Europe of the importance of reaching a transition deal for Brexit.

UK retail sales surge in Aug, likely to boost BoE rate hike bets

Sep 20 2017

Retail sales volumes rose 1.0 percent month-on-mont and July’s sales growth was revised up to 0.6 percent.

BoE's Carney sees Brexit pushing up inflation, slowing growth

Sep 19 2017

Carney said that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation.

UK consumer borrowing spikes

Jun 29 2017

Consumers -- the drivers of the country's economic growth -- are under pressure from a rise in inflation.

Sterling's bounce should help limit UK inflation overshoot - NIESR

May 10 2017

Sterling's rise since Prime Minister Theresa May called a snap election last month should to help limit a surge in British inflation this year.

UK grocery prices jump 2.3% in 12 weeks to Mar 26

Apr 04 2017

Food prices started to edge up in Britain in the final three months of 2016, ending more than two years of falling costs.

UK retail sales suffer biggest three-monthly drop since 2010

Mar 23 2017

British retail sales in the 3 months to Feb recorded their biggest slide in nearly 7 yrs as higher fuel prices eroded shoppers' disposable income.

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Global Markets

 

Stocks In News

 

US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52

(PTI)

HDFC

Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share

MAHINDRA & MAHINDRA

To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%

RELIGARE ENTERPRISES

RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports

FORTIS HEALTH

SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports

INDOCO REMEDIES

Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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