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The Latest Breaking News from ING

'Light On The Horizon': German Business Morale Improves

German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy.

International Business Times

Ethiopian Bank Glitch Lets Customers Withdraw Up To £32m at ATMs

Ethiopian students took advantage of a glitch involving the Commercial Bank of Ethiopia before police stopped further withdrawals from happening.

International Business Times UK

Stocks Rise in Afternoon Trade

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. The broader market is higher this afternoon. The markets are focused on the...

Barchart

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Mortgage holders and house hunters eye looming inflation data before Bank of England interest rate call

City experts predict that rate of price rises will hit BOE’s target in one or two months’ time

Evening Standard

ING Groep Hit Another 52-Week High. Time to Buy?

ING Groep hit its 35th 52-week high of the past year on Monday. Up 38% over the past year, it could be the beginning of a bigger run. Here’s why.

Barchart

OPINION - The Standard View: Condemning racism should not be hard

What first attracted the Conservative Party to defend the millionaire donor, Frank Hester, who made racist comments about Diane Abbott? Mr Hester has since apologised for saying that Ms Abbott, Britain’s longest-serving black MP, made him “want to hate all black women” and that she “should be shot”.

Evening Standard

Sacré bleu! London loses crown as Europe’s most talked about city online to Paris

Growing excitement around summer Olympic Games helps French capital take top spot

Evening Standard

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Data this week unlikely to convince Bank of England to cut interest rates soon

Good news on growth could be bad news for those hoping to see interest rate cuts

Evening Standard

China's Economic Woes Far From Over, Despite Optimistic Growth Goal

Beijing's leadership on Tuesday laid out an objective of "around five percent" gross domestic product (GDP) growth this year -- a dream of many developed Western nations but for China a far cry from the breakneck expansion that powered its rise.

International Business Times

ECB To Hold Rates Again, Awaiting Clearer Signs On Inflation

The European Central Bank is expected to freeze interest rates again this week, with officials wary of starting to cut before they see more evidence that recent falls in inflation will be sustained.

International Business Times

Chancellor Jeremy Hunt's Budget balancing act moves into the City's spotlight

Square Mile on watch for London stock exchange boost from new tax breaks for savers and experts say don't write off 2p income tax cut

Evening Standard

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

The Guardian - UK

New Mexico May Finally Reform Oil and Gas Industry With Slate of Bills

Pennsylvania governor, who promised 30% renewable electricity by 2030, is suddenly silent.

Capital & Main

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International Business Times

Far Right Could Exploit EU's Economic Slump To Win Big In June Vote

Soaring food costs, economic stagnation and deteriorating living standards risk pushing voters into the far right's arms in European elections later this year, which could shake up the political agenda in Brussels.

Evening Standard

The UK economy could already be in recession – we’ll find out tomorrow

City braced for verdict on recession as D-day for economic data looms

The Guardian - UK

China consumer prices plunge at fastest rate for 15 years as deflation fears deepen

Plummeting food prices feed steep annual drop amid renewed calls to stimulate economy and offset weakening demand

International Business Times

Chinese Consumer Prices Suffer Quickest Drop In 14 Years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, piling pressure on the government for more aggressive moves to revive the country's battered economy.

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International Business Times

China Consumer Prices Show Quickest Drop In 14 Years

Chinese consumer prices fell in January at their quickest rate in more than 14 years, data showed Thursday, as the country's leaders struggle to revive buying sentiment in the world's second-biggest economy.

AAP

Aust shares sink as Fed chair says no quick rate cuts

The local share market closed down 1.0 per cent after the chairman of the US Federal Reserve reiterated that the central bank would move slowly on rate cuts.

International Business Times

Shares In Banking Giants BNP, ING Fall Despite Hefty Profits

Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.

International Business Times

German Economy Shrank At End Of 2023: Data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

The Guardian - UK

UK factories cut production for 11th month in a row amid tensions in Red Sea

Dominant services sector expanded more than expected, boosting overall outlook for British economy, according to survey

International Business Times

ING Targeted In New Dutch Climate Legal Case

The Dutch climate activists who won an historic court battle against Shell now have a new target -- top Dutch bank ING. Milieudefensie, the Dutch branch of Friends of the Earth, said Friday they have started legal proceedings against ING, and warned that other top companies could be next.

Capital & Main

New Mexico’s Deal With Oil Company to Plug Wells Could Set a Precedent

Why U.S. banks still lag their European counterparts in green financing.

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