Rolling coverage of the latest economic and financial news
HSBC profits fall amid $400m fraud-related charge and Iran war
Australia hikes interest rates to 4.35% in blow to mortgage holders
Newsflash: Britain’s long-term borrowing costs have hit their highest level since 1998, as the Iran war drive up energy costs and speculation swirls over prime minister Keir Starmer’s future.
The yield, or interest rate, on 30-year UK bonds has risen to 5.76%, above the 27-year high set last September when worries about the UK’s finances was hurting the country’s bonds.
