Markets open after Bolsonaro’s strong showing in Brazil voting

SAO PAULO, Oct. 3 (Reuters) – Stronger-than-expected support for Brazilian President Jair Bolsonaro in the first round of the presidential election was welcomed by financial markets on Monday, as expected by bankers and analysts after Sunday’s first round, as the race went to a drain on October 30. Bolsonaro’s left-wing challenger, former President Luiz Inacio … Read more

Bank of Japan discussed inflation risks in subtle shift in governance debate

Price Rises Likely to Continue for Many Goods – BOJ Summary One member expressed concern about the functioning of the bond market BOJ must communicate exit strategy at some point – summary BOJ kept monetary policy ultra-easy at September meeting TOKYO, Oct. 3 (Reuters) – With rising price increases in Japan, some central bank policymakers … Read more

UK’s Truss tries to reassure over economic plan

Defends economic plan and says it’s right Also try to reassure Says Kwarteng has decided on a high tax rate? BIRMINGHAM, England, Oct. 2 (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the groundwork” for an economic … Read more

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

Tillerson is called as a witness in Trump foreign agent trial

NEW YORK, Oct. 1 (Reuters) – Former United States Secretary of State Rex Tillerson will be called by federal prosecutors to testify in the trial of Tom Barrack, a one-time fundraiser for former President Donald Trump, on charges of illegally acting as a foreign agent for the United Arab Emirates, a judicial file showed on … 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

UK market disruption fuels contagion fears around the world

NEW YORK/LONDON, Sept. 28 (Reuters) – The magnitude and speed of the UK asset sell-off has shaken global markets, raising concerns about contagion as chaos in a large developed economy adds to the unease already experienced caused by sharp rate hikes in the United States and elsewhere. After Friday’s UK mini-budget, which marked £45 billion … Read more

Fed officials stare at market volatility, say inflation remains key focus

Register now for FREE unlimited access to Register WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday curbed increasing volatility in global markets, from slumping US stocks to currency turbulence abroad, saying their priority remained to contain domestic inflation. Asked at an event in the Washington Post whether he thought US investors … 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

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more