Business

Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The…

BOE's Lombardelli Says Holding Rates Was Right Thing to Do

Bank of England Deputy Governor Clare Lombardelli says her vote to hold interest rates steady at 3.75% on Thursday was not a close judgment. "I was pretty clear that holding rates at the current level was the right thing to do," she says…

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK, but only from the conflict in the Middle East…

Global central banks’ demand for gold hits record 289 tons in Q2 — WGC

The Central Bank of Russia reduced its reserves by 22 tons, becoming the largest seller in the reporting period

Fed’s Preferred Inflation Gauge Eased During Pause in Iran War

Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.

GDP shows the economy grew 1.5% in the second quarter — but it’s even better than it looks

Consumer spending and business investment in AI drive the economy forward

Fifa not ‘selling the World Cup’ in $20bn commercial plan, says adviser

Greg Maffei defends contentious proposal he helped shape as body’s move to bring in outside investors is hit by backlash

U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%

Fed-favored PCE inflation gauge falls for first time since pandemic, but danger far from over

Lower gas prices after temporary Iran truce tugs inflation lower

Indian Air Force Seeks Local Makers as Wars Disrupt Supplies

Indian Air Force identified dozens of critical components it wants domestic manufacturers to produce after wars in Ukraine and the Middle East disrupted defense supply chains, as part of a broader effort to boost self-reliance in military…

U.S. Economy Grew More Slowly in the Second Quarter

Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.

A key inflation measure eased in June during a pause in the war with Iran.

Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.