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

EU executive proposes eighth set of sanctions against Russia

EU countries begin negotiations on new package of sanctions against Russia 27 Member States divided over oil price ceiling Ukraine: It is necessary to stop the flow of ‘blood money’ to Russia BRUSSELS, Sept. 28 (Reuters) – The European Union executive on Wednesday proposed an eighth round of sanctions against Russia over its invasion of … Read more

IMF says UK fiscal measures ‘likely to increase inequality’, urges reconsideration

WASHINGTON, Sept. 27 (Reuters) – The International Monetary Fund on Tuesday targeted new British financial plans that have rocked markets and warned that “big and untargeted fiscal packages” were likely to widen inequality in Britain and tighten monetary policy. can undermine. In its first commentary on plans by the new UK Chancellor of the Exchequer … 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

Mysterious leaks hit Russian undersea gas pipelines, raising European suspicion

Register now for FREE unlimited access to Reuters.com Register Neither Nord Stream pipeline was pumping gas at the time Both pipes still contain pressurized gas Operator says damage to Nord Stream 1 ‘unprecedented’ Crisis over Russian gas has pushed prices up Europe races to find alternative supplies STOCKHOLM/COPENHAGEN, Sept. 27 (Reuters) – European countries rushed … Read more

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

Register now for FREE unlimited access to Reuters.com 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

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

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