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

Five Chinese SOEs to Leave NYSE Amid Tensions in US

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said Friday they would delist the New York stock exchange. amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and Sinopec Shanghai … Read more

Britain starts post-Brexit ‘transformation’ of finances

UK wants to preserve London’s financial position after Brexit Regulators focus on competitiveness, not just stability Capital rules for insurers are relaxed to stimulate investment Zahawi pauses plan for increased government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial sector, although … Read more