Bloomberg The Bank of England may increase interest rates this week for the first time in more than a decade, but that won’t be enough to buoy the pound, according to strategists. Markets almost fully price in a 25-basis-point increase in the BOE’s key rate on Thursday, meaning investors are ill-prepared for a disappointment. Should Governor Mark Carney and fellow ...

Bloomberg China’s ambitious $55 billion infrastructure project that’s underway throughout Pakistan is in danger of becoming a non-event for the South Asian nation’s banks. President Xi Jinping’s multi-billion dollar economic corridor, part of his ‘Belt and Road’ initiative, has been viewed as a game-changer for Pakistan. Yet while local banks are keenly waiting to get their share of the pie, ...

Bloomberg America’s passenger carriers have discovered that it’s getting more expensive to run an airline these days. While summertime profits were fine, and travel demand remains robust, a number of airlines are facing higher bills from a variety of factors: labour contracts, significant airport renovation projects, technology spending and fleet upgrades. The increase in expenses is creeeping into 2018 and ...