FINS

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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Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the …

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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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Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

Wall St Week Ahead Investors wonder when the sharp selloff in US stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for …

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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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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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Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Join now for FREE unlimited access to Reuters.com Register Dollar index hits two-decade high The euro drops to its lowest level in two decades Putin announces partial troop mobilization for Ukraine Markets assess Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar hit a new two-decade high on Wednesday just ahead …

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Cryptoverse: After Merger, Ether Heads For A $20 Billion Shanghai Madness

Cryptoverse: After Merger, Ether Heads For A $20 Billion Shanghai Madness

Souvenir tokens representing the Bitcoin, Ethereum, Dogecoin and Ripple cryptocurrency networks dive into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Merger has come, seen and conquered. Not that you would guess from crypto prices. The mega-upgrade to the …

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Europe rushes to prepare for this winter's energy crisis

Europe rushes to prepare for this winter’s energy crisis

Spain could close energy-intensive industries during peak hours France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany pushed for liquefied natural gas contracts with Gulf producers on Monday and other European states outlined measures to save …

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