UK lenders this week began lowering their fixed-rate mortgages, after a month of steep interest rate rises triggered by market turmoil following the Iran war, according to FT
The recent reductions in fixed-rate mortgages by UK lenders signal a potential easing stance in response to the recent economic turmoil linked to the Iran war.
UK and EU plan to begin talks aimed at London’s inclusion in Brussels’ new multibillion-euro fund for tech companies, according to FT
Nissan (7201 JT) held talks with Chery Auto (9973 HK) on building cars in Sunderland, according to FT
UK lenders this week began lowering their fixed-rate mortgages, after a month of steep interest rate rises triggered by market turmoil following the Iran war, according to FT
Repsol (REP SM) is set to take back operational control of its Venezuelan oil assets and boost production following an agreement with the country’s government, according to FT
China's Foreign Minister Wang Yi stressed to Iran that the Strait of Hormuz needs to reopen and stressed freedom of navigation in Hormuz, while he said Hormuz reopening is a unanimous call from the international community
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This shift may indicate a recalibration of lending practices, affecting both the housing market and broader consumer sentiment, while also impacting interest rate expectations going forward.
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