• Reuters

    Morning Bid: Rate angst creeps back; yuan, yen weaken anew

    In a year supposedly filled with central bank interest rate cuts around the world, the prospect of another G10 policy tightening amid fresh strains of stubborn inflation is just a bit jarring. With U.S. markets anxiously awaiting Friday's update on the Federal Reserve's favored PCE inflation gauge, Australia's dollar jumped 0.5% overnight after inflation there unexpectedly accelerated to a six-month high of 4% in May with core price up for a fourth month. The surprise unnerved money markets and saw futures shift the chances of another Reserve Bank tightening this year to 60% from next to zero prior to the report.

  • PA Media: UK News

    ‘Holiday mentality’ leaves people spending £250 more on extras while away

    Dining out, live events, clothes and transport are among the items people splash out on, HSBC UK said.

  • Reuters

    Paris Hilton to testify at US House hearing on youth care programs

    Reality TV star Paris Hilton is set to testify before a U.S. House of Representatives committee hearing on Wednesday, in support of reauthorization of a federal program responsible for children in foster care. Hilton, 43, the great-granddaughter of Hilton Hotels founder Conrad Hilton, has spoken publicly about the alleged emotional and physical abuse she endured when she was placed in residential youth treatment facilities as a teen.