LONDON, March 26 (Reuters) – Britain and China will sign an
agreement next week to set up the first clearing service for
renminbi trading outside Asia, putting London in a prime
position to offer yuan trade business in Europe.
China has been a key focus of finance minister George
Osborne’s efforts to boost exports of financial services from
Britain, which was the first Group of Seven country to agree a
renminbi swap line with the People’s Bank of China last year.
Brazil’s annual inflation rises to 5.9 pct in the month through mid-March, in line with market expectations
LONDON (Reuters) – Britain’s public finances showed an improvement in the fiscal year to February, two days after Chancellor George Osborne announced a cut to government borrowing forecasts for this year and next.
Deficit reduction has been Osborne’s central economic policy since Britain’s Conservative-led coalition came to power in 2010, when Britain’s budget gap was 11 percent of annual economic output – one of the highest for a major economy.
LONDON (Reuters) – Anxiety about the path of U.S. monetary policy and geopolitical tensions has put a sizeable dent into analysts’ forecasts for stock market gains, Reuters polls showed on Thursday.
Global stocks have had a torrid start to the year, with several major indexes in Asia and Europe in the red.