By Andy Bruce and Paul Sandle LONDON (Reuters) – British inflation sank unexpectedly to a more than three-year low in December as hotels slashed prices, ramping up expectations that the Bank of England will cut interest rates as soon as this month. Consumer prices rose by 1.3% in annual terms compared with 1.5% in November, […]
SHANGHAI (Reuters) – BlackRock <BLK.N> and Neuberger Berman on Wednesday became the first global asset managers to submit applications to set upmutual fund units in China as Beijing pushes ahead with financial sector deregulation despite the coronavirus pandemic. The China Securities Regulatory Commission said it has accepted applications from the two money managers as the […]
By Joan Manuel Santiago Lopez BUENOS AIRES (Reuters) – On the streets of Buenos Aires, money changers known as “arbolitos” or “little trees” are taking advantage of Argentina’s capital controls to take a slice of a booming black market trade in U.S. dollars. One of the arbolitos, Martin, 47, spends his days shouting “cambio” to […]
