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Latest Stories for GBP/CHF
The furnaces at Scunthorpe had been burning through £700,000 per day in losses when Jingye Group, the Chinese company that paid £70 million for British Steel in 2020, concluded in 2025 that the steelworks were no longer financially viable. What followed was not a controlled wind-down. It was a sequence of escalating government interventions that ended on ...
From aljazeera.com | 17 hr ago
Chinas Ministry of Foreign Affairs has said it will closely monitor the United Kingdoms nationalisation of British Steel, previously owned by a Chinese steelmaker. The UK government nationalised British Steel on Thursday, fully taking over the loss-making company, then under the ownership of Jingye, on national security grounds. The issue has drawn ...
F/m Investments Washington, D.C., office is just a short drive from the Federal Reserves headquarters. But under the central banks new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central banks forward-looking communication since taking the post in May. That move ...
Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...
From economics.bmo.com | 42 hr ago
This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but theres not much conviction. All it would take to wash away those ...
From cnbc.com | Jul 17, 2026
Izzy Woodrow is a believer. Four weeks ago, he joined the small but growing number of Brits who have bought a Chinese-made vehicle. Ive got a car that I enjoy driving [and is] super comfy. Its very quiet and the fit and finish is great and the technology experience is enjoyable Woodrow said during an interview at Lipscomb Cars in Maidstone, England. ...
Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...
From think.ing.com | Jul 17, 2026
The World Cup is over. Well, it is for England anyway. And if, like me, youre still coming to terms with yet another World Cup disappointment, the BBC had some advice this week: Focus on the wins! Not helpful if youre German or Dutch (there just werent very many sorry guys!). And perhaps best not to mention theres always next time to the Italians ...
From foxnews.com | Jul 17, 2026
A railway project has opened an unexpected window into Roman Britain after archaeologists uncovered a rare coin and other artifacts dating back nearly 2,000 years. The discoveries, made in Bedfordshire and Cambridgeshire in the United Kingdom, were announced by East West Rail on July 1. Construction workers are currently restoring and building rail links ...
From ecns.cn | Jul 17, 2026
China firmly opposes and strongly disapproves of Britain's decision to nationalize British Steel and urged fair treatment of Chinese firms in the UK, according to China's Ministry of Commerce on Friday. British Steel was owned by Jingye Steel, a private Chinese steel company that injected a massive amount of capital into the business after taking it over, ...
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