Bnri Jeremy Hunt and Rishi Sunak rsquo profit tax rise to hit investment, survey finds
Thursday 14 December 2023 5:20 pmFTSE climbs despite Bankrsquo wobble on interest rate cutsBy: City A.M. ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailThe FTSE 100 has climbed to its highest level for almost two months, despite caution from the Bank of England over expectations that interest rates will be slashed next year.Europersquo top markets surged in early trading after they took their cues from the Federal Reserve meeting in the US on Wednesday.The Fed held rates again polene bag but traders were most interested by the fact rate setters were pricing in at least three reductions to borrowing costs next year.However, unchanged rates from the Bank of England and European Central Bank on Thursday pared back these ga stanley deutschland ins.Sentiment was partly stifled by the Bank of Englandrsquo message that monetary policy is likely to need to be restrictive for an extended period of time.Londonrsquo top index moved 1.33%, or 100.54 points, higher to finish at 7,648.98.The Dax index was 0.08% lower for the day at the close and the Cac 40 closed up 0.66%.Michael Hewson, chief market analyst at CMC Markets UK, said: Wednesday nightrsquo Fed interest rate pivot saw a strong start to the day with the Dax and Cac 40 trading up to new record highs, as yields fell sharply across the board.These strong gains owala tumbler appear to have run out of steam in the afternoon session, after the ECB and Bank of E Xsuf Sunak piles pressure on private sector to invest in war-torn Ukraine economy
Thursday 04 February 2021 4:11 pm|Updated:Thursday 04 February 2021 4:33 pmVale signs $7bn settlement for deadly Brazil dam disasterBy: Josh Martin hydrojug cup ShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailA mud-hit area in Corrego do Feijao near the town of Brumadinho in the state of Minas Gerias in southeastern Brazil, on January 26, 2019 a day after the collapse of a dam at an iron-ore m owala tumbler ine belonging to Brazilrsquo giant mining company Vale. More than 270 people died. Photo by Pedro Vilela/Getty Images Mining giant Vale today said it will pay $7bn to a Brazilian state to settle a case originating from a deadly dam disaster in 2019.A dam containing mining waste burst in January 2019 at aValefacility in the town of Brumadinho in Brazilrsquo Minas Gerais state, releasing a torrent of sludge that killed some 270 people.We know that we have a long way to go and we remain fir stanley mug m in our purpose, Valersquo chief executive, Eduardo Bartolomeo, said in a statement.Shares in the US-listed miner are down just over one per cent today on the news.In 2015 a nearby dam, co-owned by iron ore miner Vale and FTSE miner BHP Billiton, collapsed killing 19 people.Read moreFunding fears and departures rock law firm behind pound;36bn BHP lawsuitShare this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessRelated TopicsInternationalTrending ArticlesAnthropic: UK staff get eye |