Analysis: Underwater: how the Bank of England threw the markets a lifeline

Bank of England bought bonds after pension fund pleas Some UK pension funds faced problematic margin calls BoE support is seen as a window to build collateral UK government’s unfunded tax plan shocked markets LONDON/NEW YORK, Oct. 2 (Reuters) – Phone calls to the Bank of England began on Monday that some UK pension funds … Read more

Tencent shifts focus to majority deals, foreign gaming assets for growth sources

HONG KONG, Oct. 1 (Reuters) – Tencent is realigning its M&A strategy to focus more on buying controlling stakes, primarily in foreign gaming companies, as the tech giant sees global expansion to offset slowing growth at home in China, people with direct knowledge of said case. Tencent Holding Ltd (0700.HK) has been investing in hundreds … Read more

Exclusive: Europe braces for mobile network blackouts

PARIS/STOCKHOLM/MILAN, Sept. 29 (Reuters) – Once unimaginable, mobile phones could go dark across Europe this winter if power outages or energy rationing disable parts of the region’s mobile networks. Russia’s decision to suspend gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine has increased the risk of power shortages. … Read more

Morning Bid: Eye of the Storm

Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. As Hurricane Ian raged and set his sights on Cuba and Florida, a global financial storm calmed down the bond and currency markets moderately – though likely only temporarily. Ian strengthened to a … Read more

Factbox: Russia prepares to formally annex 15% of Ukraine

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept. 26 (Reuters) – President Vladimir Putin is preparing to formally annex about 15% of Ukraine’s territory after referendums on accession to Russia in areas controlled by Russian forces or Russian-backed separatists. read more CAN THE WEST STOP PUTIN? Neither the West nor Ukraine can … Read more

Morning Bid: Unstable Cable | Reuters

US dollar banknotes can be seen in this image, taken on June 14, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register A look at the day ahead of Mike Dolan’s US and global markets. Britain’s gamble to boost growth with unfunded tax cuts in a surge in inflation has turned into … Read more

In China, home buyers occupy their ‘decaying’, unfinished properties

GUILIN, China, Sept. 26 (Reuters) – For six months, the home for Ms Xu was a room in a high-rise apartment in the southern Chinese city of Guilin, which she bought three years ago, attracted by brochures touting the river view and the clean air of the city. Her living conditions, however, are far from … Read more

Morning Bid: Asia’s FX Doomloops

Banknotes of Japanese yen and US dollar can be seen in this image, taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Sept. 26 (Reuters) – A look at Jamie McGeever’s day ahead of Asian markets Expect an ugly opening to Asian markets on Monday as investors try to … Read more

IDB Directors unanimously recommend firing Claver-Carone after ethical investigation

Visitors walk past a screen displaying the Banco Interamericano de Desarrollo (BID) logo at the Atlapa Convention Center in Panama City March 13, 2013. REUTERS/Carlos Jasso Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept. 22 (Reuters) – The board of directors of the Inter-American Development Bank voted unanimously on Thursday to recommend … Read more

Exclusive: US Treasury official criticizes China’s ‘unconventional’ debt practices

Banknotes of Chinese yuan can be seen in this image, taken on April 25, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register China is the world’s largest official creditor Lack of transparency, confidentiality agreements under attack Progress pushes for Common Framework debt deals for Zambia, others WASHINGTON, Sept. 20 (Reuters) – … Read more