By Reuters Staff
1 Min Read
LONDON, May 4 (Reuters) - British mortgage lending showed the biggest net increase on record in March, Bank of England data showed on Tuesday.
Mortgage borrowing rose by a net 11.8 billion pounds ($16.4 billion) in March, the strongest since the series began in April 1993, the BoE said.
British lenders approved 82,735 mortgages in March, down by about 5,000 from February, the BoE data also showed.
A Reuters poll of economists had pointed to 92,300 approvals. ($1 = 0.7205 pounds) (Reporting by William Schomberg and David Milliken)
By Reuters Staff
2 Min Read
DUBLIN, April 23 (Reuters) - Irish consumer sentiment climbed slightly to hit its highest in April since the onset of the COVID-19 pandemic, a survey showed on Friday, but recipients expressed caution about the long-term economic outlook.
The KBC Bank consumer sentiment index rose for a third month in a row to 77.9 in April from 77.1 in March, still short of the long-term series average of 86.8 but well above last April’s pandemic low of 42.6.
Ireland has gone from having one of the highest COVID-19 infection rates in Europe in January to one of the lowest today.
(In first paragraph, fixes hyperlink to story)
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building after the start of Thursday s trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar
WASHINGTON (Reuters) -U.S. President Joe Biden s interim financial regulators are using a range of legal tools to quickly unravel here contentious measures passed under former President Donald Trump s administration, focusing on environmental, social and governance (ESG) issues, fair lending, and consumer protection.
Here are some of the key changes:
DEPARTMENT OF LABOR ESG RULES
Last month, the DOL said here it would not enforce a pair of highly contentious rules which curbed investments and shareholder votes based on ESG factors.
By Reuters Staff
6 Min Read
(Reuters) - India’s retail inflation accelerated to a four-month high in March on higher food and transport costs amid rising coronavirus cases and fears of a surge in some commodity prices due to lockdowns in some states.
A vendor waits for customers at his shop inside a vegetable market in Kolkata, India, February 12, 2020. REUTERS/Rupak De Chowdhuri/Files
Annual retail inflation rose to 5.52% in March, up from 5.03% in February, and above the 5.40% forecast in a Reuters poll of economists, data released by the Ministry of Statistics showed on Monday.
COMMENTARY
YUVIKA SINGHAL, ECONOMIST, QUANTECO RESEARCH, DELHI
6 Min Read
WASHINGTON (Reuters) - U.S. President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
They have spiked or stalled more than a dozen contentious Trump-era measures that critics said eroded consumer protections, weakened enforcement, and curbed investors’ ability to push for environmental, social and governance (ESG) changes.
Rather than embarking on the lengthy process of rewriting the rules, the agencies have in many instances used speedy legal tools, according to lawyers, consumer groups, and a review by Reuters. These include delaying unfinished rules, issuing informal guidance, rescinding old policy statements or issuing new ones, and choosing not to enfo