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

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

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE reaction Euro down 1%; Aussie, Kiwi, Yuan Hits Multi-Year Low S&P 500 futures fall 0.6% SYDNEY, Sept. 26 (Reuters) – Sterling sank to a record low on Monday, sparking speculation about an emergency response from the Bank of England … 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

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

Register now for FREE unlimited access to Reuters.com 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

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

Europe burns money to help companies with mounting energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices skyrocketed during Ukraine crisis Utilities face liquidity crisis as fuel prices rise Germany will ‘do everything’ to help companies Russian mobilization sends oil up, contributing to price pain BERLIN/LONDON, Sept. 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain … 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

Ecuador reaches agreement with China to restructure debt

Ecuador’s President Guillermo Lasso speaks at the leaders’ second plenary session at America’s Ninth Summit in Los Angeles, California, US, June 10, 2022. REUTERS/Lauren Justice/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 19 (Reuters) – Ecuador has reached an agreement to restructure its debt to Chinese banks, the government said … Read more