LONDON (Reuters) - The Bank of England took another step towards lowering interest rates on Thursday, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction".
Below are comments from a news conference with BoE policymakers:
BAILEY ON A RETURN TO MORE NORMAL TIMES:
"(The) absence of data surprises is an indication that we're now getting back to more... (continue reading...)
(Reuters) - Pot firm Trulieve Cannabis posted a narrower first-quarter loss on Thursday, driven by higher sales and robust demand.
The Florida-based company's net loss attributable to shareholders narrowed to $23.1 million in the quarter that ended March 31, down from $64.1 million a year earlier.
WHY IT'S IMPORTANT
Trulieve has been expanding its presence across the U.S. with plans to open 25 new stores in 2024 as it hopes... (continue reading...)
(Reuters) - Here are some milestones in Israel's ties with the United States, now strained by Israeli government plans for a major assault on Rafah in southern Gaza and a warning by President Joe Biden that U.S. weapons sales will be withheld if it goes ahead:
1948
President Harry Truman becomes the first world leader to recognize the newly-established Israel.
1956
Furious with Israel's capture of the Sinai... (continue reading...)
(Reuters) - Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.
The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates.
... (continue reading...)LONDON (Reuters) -The Bank of England on Thursday took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction".
The BoE said on its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25%.
MARKET REACTION:
FOREX:
Sterling fell to $1.2460 from $1.2486 just before the... (continue reading...)
More Reuters
View Older Stories-
Ukrainian rescuers evacuate elderly and infirm as Russians close in
-
US flags environmental risks from illicit transfers of Iranian oil off Malaysia, report says
-
Italy seeks to ease fears over curbs on costly home incentives
-
Two Russian online film distributors charged under 'LGBT propaganda' law
-
Warner Bros Discovery misses estimates for quarterly revenue
-
Brembo Q1 operating profit rises on record sales
-
China's BYD will consider second Europe plant in 2025, executive says
-
UK system of arms exports to Israel not the same as U.S., Cameron says
-
Bank of England moves closer to first rate cut since 2020
-
Coach parent Tapestry lowers annual sales forecast on weak demand
-
Analysis-Bear market for diesel spells fresh troubles for oil
-
Brazil's Eletrobras net income down 19% in Q1
-
S.Korea president calls for tax incentives for corporate reform
-
Robinhood jumps as retail trading rebound powers record quarter
-
Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
-
Morning bid: China trade heats up, UK rates in view
-
Explainer-How dependent is China on US artificial intelligence technology?
-
Putin agrees to withdraw Russian forces from various Armenian regions, says Ifax
-
Putin says there is 'nothing unusual' about tactical nuclear weapons drill
-
Israel in spotlight at Eurovision semi-final as pro-Palestinian protests loom
-
Analysis-Economy scars voters in run-up to EU election
-
Oil processing plant in Russia's Bashkiria was attacked by a drone, says regional head
-
Olympics-WADA must repair trust, says U.S. athletes' commission head
-
Jurors to be chosen in Bill Hwang's trial over Archegos collapse
-
Explainer-How are Reuters/Ipsos US public opinion polls conducted?
-
Exclusive-BHP-Anglo American deal raises alarm in Japan's steel industry
-
Mothers, money and meaning: Mellody Hobson's remarkable rise
-
US House Speaker Johnson survives ouster attempt, but future uncertain
-
Distrust in FDIC leadership drives more staff to consider exits, data shows
-
Stormy Daniels to face tough questions from Trump lawyers at trial
-
Too many tractors: As boom times fade, farm equipment piles up
-
Virginia school board considers restoring Confederate names to schools
-
Egypt's foreign debt rises $3.5 billion in last quarter of 2023
-
Ukraine's SBU hit two oil depots in southern Russia with drones - Kyiv source
-
Futures dip on higher Treasury yields, jobless claims data awaited
-
Senegal's main airport says 11 people injured after plane skids off runway
-
Hope fades for 44 trapped in collapsed South Africa building
-
China's April new yuan loans seen falling, policy support in place- Reuters poll
-
Exclusive: Corporate climate watchdog document deems carbon offsets largely ineffective
-
Fed's communications style scores well with analysts but not public
-
Georgia makes six delayed arrests after rallies against foreign agents bill, interior ministry says
-
Sri Lanka presidential election due between Sept 17 and Oct 16, election commission says
-
Russia says Western actions compel it to boost its nuclear deterrent
-
Ukraine deputy PM in charge of reconstruction ousted amid ministry reform
-
Plane skids off runway in Senegal, injuring 11
-
UK's Labour holds 30-point poll lead over Sunak's Conservatives
-
Ukraine's parliament dismisses agriculture minister suspected of corruption, lawmaker says
-
Israeli strike on Lebanon kills four Hezbollah fighters, security sources say
-
North Macedonia nationalists seek coalition partner after election win
-
Putin says on Victory Day that Russia won't let anyone threaten it