The UK economy is in a holding pattern after the June referendum decision to quit the European Union. Growth hasn’t collapsed, consumers are still spending, and the Bank of England (BoE) kept its monetary policy unchanged on Thursday. And while Governor Mark Carney says future moves could be in ‘either direction,’ it’s pretty clear that inflation would have to ...

  In his early days in office, true to his campaign promises, President Donald Trump is promoting a $1 trillion plan to upgrade the nation’s aging physical infrastructure. To maximize job creation, investment and benefits to all Americans, he should also focus on our “invisible infrastructure” — the unseen airwaves that enable wireless connections. Mobile communication has been a powerful ...

  Bloomberg National Bank of Canada has set a goal of being a ‘Top 3’ Canadian investment bank within five years, setting up a showdown with bigger rivals as the Montreal-based lender seeks to win more business from the nation’s largest companies. “We think we can compete,” Yanick Blanchard, head of corporate and investment banking at National Bank Financial, said ...

  Bloomberg ABN Amro NV plans cut 60 of its 100 senior management jobs and reduce the number of top executives by more than half in a revamp that reflects the bank’s shrinking size. A new management board will include the heads of retail, commercial, corporate and institutional, and private banking, the Amsterdam-based lender said in a statement on Monday. ...

  Bloomberg Bank stocks continued a rally sparked by the Trump administration’s plan to roll back financial regulations, while the dollar fluctuated as investors weighed the prospects for a Federal Reserve rate increase in March. Equities from India to Japan climbed after the S&P 500 Index closed within a point of its all-time high. Mitsubishi UFJ Financial Group Inc. jumped ...

  Bloomberg With some of Europe’s largest banks still struggling to boost profitability and raise dividends, BNP Paribas SA is doing both. That helps explain why investors have driven the shares to the highest in almost a decade. The Paris-based lender will probably report on Tuesday that fourth-quarter net income more than doubled to 1.63 billion euros ($1.75 billion), according ...

  Bloomberg Lloyds Banking Group Plc is poised to pay more in bonuses than Royal Bank of Scotland Group Plc for the first time since the financial crisis, underscoring the contrasting performances of two of Britain’s bailed out banks. Lloyds has earmarked about 390 million pounds ($486.8 million) for its employee bonus pot, overtaking RBS, which is considering a pool ...

  Broome / DPA The Dead Sea shimmers blue-green under a mild winter sun, waves rippling gently to the beach as a tourist couple enters the water. The high salt content – at 34 percent almost 10 times the level in the world’s seas – means that a human floats on the water like a cork with no danger of ...

  BUFFALO, NY / DPA They don’t mean to sound ungrateful, but … New York public college students who would stand to gain from the nation’s most ambitious free-tuition proposal are quick to point out a sobering reality from their own meager finances: Free tuition doesn’t mean free college. Take Brooklyn College senior Florencia Salinas, who despite having her tuition ...

  Bloomberg Donald Trump and global crude producers are set to take prices on a bumpy ride this year, according to the world’s biggest independent oil trader. As investors are kept on tenterhooks over US policies and whether OPEC and other nations will curb output as pledged, global benchmark Brent crude may vacillate between $52 and $62 a barrel, according ...