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Goldman Sachs: Oil Price Swings Hurt China Manufacturing
Hui Shan, Chief China Economist at Goldman Sachs, says oil price fluctuations due to the war in Iran have negatively affected China's factory activity, which showed signs of weakness in May. (Source: Bloomberg)
Turkey’s Economy Surprises With Slower Than Expected Growth
Turkey’s economy grew slower than expected in the first quarter, signaling that the the fallout from the Iran war is weighing on activity.
Corient Completes Acquisitions of Stonehage Fleming and Stanhope Capital Group; Global Assets Surpass US$500 Billion
Corient today announced the successful completion of its previously announced acquisitions of Stonehage Fleming and Stanhope Capital Group, marking a significant milestone in its continued global expansion. “This is an exciting moment for Corient and the clients we serve around the world,” said Kurt MacAlpine, Founding Partner and Chief Executive Officer of Corient. “We are thrilled to welcome our new Partners at Stonehage Fleming and Stanhope Capital Group to Corient as we continue building...
Swiss Economy Grew Less Than Estimated at Start of the Year
Switzerland’s economy grew slightly less than initially reported in the first quarter, weighed down by stalling consumer demand and a drop in investment.
UK house prices fall for first time this year amid rising interest rates
Nationwide finds typical price was £278,024 in May, as Savills says Iran war has ‘fundamentally changed’ outlookBusiness live – latest updatesHouse prices fell in the UK for the first time this year in May, as rising interest rates triggered by the war in Iran hurt homebuyer demand.The price of the average UK home dropped 0.6% in May compared with the month before, according to the lender Nationwide. Continue reading...
Why a tax on ISA cash interest would cost most savers less than £20
Savers could face a 22 per cent tax on any interest earned on cash in a stocks and shares ISA from April 2027 under government plans – but the amount most savers would actually pay is very small. From next April, the government is cutting the annual cash ISA allowance to £12,000 for under-65s, down from £20,000 currently. The aim is to get more people putting their money into stocks and shares ISAs – where you can invest your money and the returns are tax-free – with the goal of boosting the s...
Bank of France to Cut 2026 Growth Forecast, Villeroy Says
The Bank of France will lower its growth forecasts later this month after a disappointing start to the year and as tensions in the Middle East drag on, outgoing Governor Francois Villeroy de Galhau said.
Chinese Banks’ Net Borrowing Signals Liquidity Glut Is Easing
Chinese banks turned net borrowers of short-term funds for the first time in seven months, increasing issuance of negotiable certificates of deposit in a sign that the liquidity glut in the financial system may be starting to normalize.
Russia Bans Jet Fuel Exports as Attacks on Refineries Intensify
Russia banned exports of jet fuel through end-November to avoid shortages at home after Ukraine intensified attacks on the nation’s refineries.
easyJet issues statement after 'possible takeover approach'
easyJet issues statement after 'possible takeover approach'News of a possible takeover emerged on Friday afternoon. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Alice Scarsi, Publishing Lead 07:42, Mon, Jun 1, 2026 Updated: 07:42, Mon, Jun 1, 2026 (file picture) Castlelake said it is considering an offer for easyJet (Image: Getty)Budget airline easyJet has branded a possible takeover approach from Castl...
UK fashion giant to close 15 stores after plunging into liquidation - sale launched
UK fashion giant to close 15 stores after plunging into liquidation - sale launchedThe UK discount shop is shutting down as liquidators have been appointed and final sales are launched Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 07:39, Mon, Jun 1, 2026 Updated: 07:40, Mon, Jun 1, 2026 The Leading Labels store has entered liquidation (Image: Google)A UK fashion giant is set to close 15 sto...
Russia imposes aviation fuel export ban until November 30
Russia has banned aviation fuel exports until November 30 to ensure domestic supply stability amid falling refinery output. This move follows Ukrainian attacks on energy facilities, which have reduced Russia's fuel processing capacity. The restriction aims to prevent shortages and maintain domestic market equilibrium.
Hormuz crisis fallout: How Indian refiners are adjusting to new crude oil mix to maximise output
The ongoing geopolitical turmoil has affected supplies from several key oil-producing regions that traditionally cater to India, requiring refiners to process crude varieties that were not part of their usual feedstock mix.
Markets Rise as U.S. and Iran Exchange Fire but Keep Talking
Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.
Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid
Easyjet has fired back at speculation of a takeover, after reports emerged that private credit firm Castlelake was weighing a bid. The budget airline said it notes the “highly opportunistic timing” of a potential offer as it asserted its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices”. Shares in the package holiday provider are down some 20 per cent since the beginning of the year to 396.10p, af...
Fed's Powell On the Need for Independence
Bloomberg MLIV strategist Mark Cranfield discusses Powell's speech as he accepted the John F. Kennedy Profile in Courage Award. (Source: Bloomberg)
Gross GST revenues rise 3.2% to over Rs 1.94 lakh crore in May
India's Goods and Services Tax collections in May surpassed Rs 1.94 lakh crore, marking a 3.2% year-on-year increase. While domestic revenue saw a slight dip, robust growth in import-linked taxes fueled the overall rise. Several states reported healthy SGST collection increases, though Delhi experienced a significant decline.
Stocks Hit Record on AI Rally | The China Show 6/1/2026
Bloomberg: The China Show is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
UK house prices fall for first time this year as Middle East crisis hits confidence – business live
British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsThis chart shows how UK house prices have now dipped back from their record high:Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Continue reading...
House prices fall again as property market ‘deteriorates’
House prices fell again in May as the mortgage rate hikes and surging energy bills caused by the Iran war continued to take their toll on the UK’s fragile property market. The UK’s average house price fell by 0.6 per cent to £278,024 in May, compared to 0.4 per cent growth in April, according to Nationwide’s house price index. Weakening house prices are paired with declining consumer sentiment in the property market, with the Royal Institution of Chartered Surveyors recording a sharp fall i...