EUROP

Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from …

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Stampede and riot at football match in Indonesia killing 174, league suspended

Stampede and riot at football match in Indonesia killing 174, league suspended

East Java stadium disaster apparently the worst since 1964 Around 180 injured in stampede Indonesian football association suspends league to investigate Police say they fired tear gas to control the crowd MALANG, Indonesia, Oct 2 (Reuters) – At least 174 people have been killed and 180 injured in a stampede and riot at a soccer …

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Barclays fined US$361m for 'appalling' mistake

Barclays fined US$361m for ‘appalling’ mistake

Sep 30 (Reuters) – British lender Barclays (BARC.L) on Thursday agreed to a $361 million fine with U.S. regulators over “staggering” failures that led it to oversell $17.7 billion worth of products structured, racking up additional costs for a mistake that spoiled CEO CS Venkatakrishnan’s first year in charge. Shares of Barclays were up 2% …

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Bank of England moves to calm bond market rout after tax cut storm

Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in …

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Global stocks break November 2020 lows, sterling regains ground

Global stocks break November 2020 lows, sterling regains ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting 21-month lows and the pound rebounded from record …

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Fed officials eye markets down, say inflation is priority

Fed officials eye markets down, say inflation is priority

Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday put an end to rising volatility in global markets, from falling U.S. stocks to currency turmoil overseas, and said their priority remained control. domestic inflation. “There are interactions there,” said Cleveland Fed President Loretta Mester, …

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Stocks fall, dollar soars and bonds plunge as fears of recession grow

Stocks fall, dollar soars and bonds plunge as fears of recession grow

Dow ready to confirm its bear market MSCI All-World Index at 2-year low The dollar hits a new high in two decades Pound, gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – U.S. and European stocks fell on Friday, the dollar hit a 22-year high and bonds sold off again as fears …

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Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen Bank of Canada says it didn’t help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in …

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Europe burns cash to help businesses in energy crisis

Europe burns cash to help businesses in energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain said it would cut …

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