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Marketmind: Cat, mouse and 5%

BY Reuters  • November 18, 2022November 18, 2022
A look at the day ahead in U.S. and global markets from Mike Dolan. The cat-and-mouse game between the Fed and financial markets has intensified around 5% peak interest rates next year as next week[...]
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Asia Business Economy Europe UK Updated US

Dollar heads for weekly gain as Fed pushes back on pivot

BY Reuters  • November 18, 2022November 18, 2022
By Amanda Cooper LONDON (Reuters) – The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raisin[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Marketmind: Tough Fed talk

BY Reuters  • November 18, 2022November 18, 2022
A look at the day ahead in markets from Anshuman Daga While Fed speakers talk tough on interest rates and keep market expectations in check, Britain’s bleak outlook will also weigh on UK assets.[...]
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Asia Business Economy Europe UK Updated US

Dollar rises with bets on hawkish Fed; sterling drops

BY Reuters  • November 17, 2022November 17, 2022
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials[...]
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Asia Australia Business Canada Economy Europe UK Updated US

EU wrestles with Payment for Order Flow share trading rules

BY Reuters  • November 17, 2022November 17, 2022
By Huw Jones LONDON (Reuters) – European Union states edged closer on Thursday to ditching a proposed ban on brokers earning fees in return for directing stock trades to specific trading platfor[...]
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Business Economy Europe UK Updated US

Oil falls on worries of U.S. rate hikes, China demand outlook

BY Reuters  • November 17, 2022November 17, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Oil fell more than 3% on Thursday as rising numbers of COVID-19 cases in China and the suggestion of higher interest rates than currently expected in the United[...]
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Asia Business Economy Europe Middle East UK Updated US

Meta’s WhatsApp makes Brazil a key test market for business messaging

BY Reuters  • November 17, 2022November 17, 2022
By Katie Paul (Reuters) – Meta Platforms said on Thursday its WhatsApp messaging service will introduce a commercial directory and test a payments tool in Brazil, as it bets on business messagin[...]
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Asia Business Central America Europe Latin America Technology UK US

As recession looms, British business sends out lending SOS

BY Reuters  • November 17, 2022November 17, 2022
By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) -As inflation rockets and recession looms, many British businesses are struggling to secure affordable bank finance, piling pressure[...]
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Business Economy Europe UK Updated

Burberry’s London stores lose out as tourists head to tax-free Paris, Milan

BY Reuters  • November 17, 2022November 17, 2022
By Paul Sandle and Sarah Young LONDON (Reuters) – London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury bra[...]
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