A look at the day ahead in U.S. and global markets from Mike Dolan. With the Federal Reserve still talking tough on U.S. interest rates, world markets switched attention back to Britain as it unveils[...]
Read more
UK
EU readies next steps to boost its capital market
By Huw Jones LONDON (Reuters) – The European Union will propose rules next month to make it easier for companies to list, give creditors more predictability on company bankruptcies, and to attra[...]
Read more
Marketmind: Good is bad? Depends on who or what you are
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Good is bad again – or vice versa – as markets worry upbeat U.S. retail sales[...]
Read more
UK banks say consumer safeguard could backfire in cost of living crisis
By Huw Jones LONDON (Reuters) – Britain’s banks are proactively helping customers hit by the cost of living crisis, but implementing a new “consumer duty” on time could exclude[...]
Read more
Austrian banker fights extradition to U.S. on money laundering charges
By Sam Tobin LONDON (Reuters) – The former chief executive of an Austrian bank who faces charges in the United States in relation to a bribery and money laundering conspiracy involving Brazilian[...]
Read more
Oil falls as Druzhba pipeline reopens, China COVID worries stay at the fore
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in C[...]
Read more
Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
Read more
Explainer-Britain’s insurers become test case for post-Brexit ‘unshackling’
By Huw Jones and Carolyn Cohn LONDON (Reuters) – The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to[...]
Read more
BoE’s Bailey: ‘very tight’ labour market key to rates outlook
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Wednesday that Britain’s very tight labour market was a key reason why further interest rate increases were likely.[...]
Read more