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Automated study tool sees USA duo win Red Bull Basement Global Final
Bonds take a fresh beating, yen slides to lowest since 2015
Date: March 28, 2022
By Dhara Ranasinghe LONDON (Reuters) – Mounting fears over rising inflation and interest rates sent U.S. and European bond yields to new highs on Monday, while the yen was set for its biggest daily fall since 2020 as Japan’s central bank stood in the way of higher yields. World stocks were largely flat, holding their...
Russia will not supply gas to Europe for free, Kremlin says
Date: March 28, 2022
By Nina Chestney (Reuters) -Russia is working out methods for accepting payments for its gas exports in roubles and it will take decisions in due course should European countries refuse to pay in the Russian currency, the Kremlin said on Monday. At a meeting of European Union leaders on Friday, no common position emerged on...
UK orders review of public sector Russian energy contracts
Date: March 28, 2022
By William James LONDON (Reuters) -Britain on Monday instructed public sector bodies to review energy and other contracts they have with Russian firms and consider switching suppliers, noting that existing energy agreements could benefit the Russian state. Alongside allies, Britain is seeking to cripple the Russian economy through wide ranging sanctions in response to its...
End of an era: NatWest returns to majority private control
Date: March 28, 2022
By Huw Jones and Iain Withers LONDON (Reuters) -British state-backed bank NatWest has returned to majority private ownership, 14 years after its bailout by taxpayers at the height of the global financial crisis. The government’s stake in the former Royal Bank of Scotland will be cut below 50% after NatWest agreed to buy 1.2 billion...
Yen plumbs 6-yr low as BOJ moves against rising bond yields
Date: March 28, 2022
By Sujata Rao LONDON (Reuters) – The Japanese yen crashed to a six-year low versus the dollar on Monday, and headed for its biggest daily loss since March 2020 after the Bank of Japan moved to contain rising bond yields, even as U.S. Treasury yields soared to new multi-year highs. The Bank of Japan’s dovish...
Sterling falls against dollar and euro, focus on BoE
Date: March 28, 2022
By Stefano Rebaudo (Reuters) – Sterling fell against the euro and the dollar on Monday, with investors focusing on the Bank of England’s next moves to tame inflation while avoiding recession risks. Recent policy updates from the BoE kept downward pressure on sterling as the BoE’s last monetary policy meeting signalled more caution over plans...