Bank of England's Pill says interest rates will need to rise

Consumer spending has become less about confidence and more about financial capacity, and that shift is giving banks and payments providers a clearer map of growth opportunities. That is one of the clearest messages from “The Three-Speed Consumer Economy: How Financial Capacity Is Rewriting Spending Behavior,” the latest Consumer Expectations Index from PYMNTS Intelligence. Traditional…

The Reserve Bank of India (RBI) on Tuesday proposed to remove the requirement for mutual funds, insurance companies and pension funds to seek fresh approval each time they acquire a major shareholding in the same bank, introducing instead a one-time approval mechanism.   Under the existing framework, these entities must obtain prior RBI…

Worldwide gross: $2,799,439,100 Fans needed to know if the remaining Avengers could rise up, defeat Thanos, and reverse the effects of the end of “Infinity War.” They came out in droves as the film shattered box-office records, grossing over $1.2 billion worldwide opening weekend, nearly double that of the opening weekend for “Infinity War.” It…

Goldman Sachs: labour market “not that interesting” as inflation dominates Fed debate !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

(RTTNews) – Intercontinental Exchange (ICE) announced a definitive agreement to acquire MarketAxess Holdings Inc. (MKTX), an electronic trading platform for global institutional fixed income markets. ICE will acquire all outstanding shares of MarketAxess for $167 per share in cash, representing an equity value of approximately $6.0 billion and a total enterprise value of approximately $5.7…