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Global smartphone market slumps to lowest Q3 level in decade – Counterpoint
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Britain pulls rules aimed at applying lessons from Carillion, BHS, collapses
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Dollar gains against yen, eases against euro
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Pfizer’s foggy COVID outlook hits vaccine maker shares
Italy unveils tax-cutting 2024 budget amid debt worries
Date: October 16, 2023
Italy unveils tax-cutting 2024 budget amid debt worries By Giuseppe Fonte and Gavin Jones ROME (Reuters) -Italy’s government on Monday approved a budget for next year with measures worth around 24 billion euros ($25.3 billion) in tax cuts and increased spending, despite market concerns over the country’s strained public finances. Under the scheme, Italy will...
Bank of England considers changes to regulation of foreign bank branches
Date: October 16, 2023
Bank of England considers changes to regulation of foreign bank branches By Huw Jones LONDON (Reuters) -The Bank of England said on Monday it was thinking about possible changes to how it regulates branches of foreign banks, and flagged a likely easing in how it intends to apply global bank capital rules from mid-2025. The...
Oil fall below $90 a barrel on report of US-Venezuela deal
Date: October 16, 2023
Oil fall below $90 a barrel on report of US-Venezuela deal By Erwin Seba HOUSTON (Reuters) -Oil futures fell on Monday on a report the U.S. and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude supplies...
As global debt worries mount, is another crisis brewing?
Date: October 16, 2023
As global debt worries mount, is another crisis brewing? By Yoruk Bahceli, Dhara Ranasinghe and Maria Martinez LONDON (Reuters) – Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies. A surge in...
Wall Street rallies, Treasury yields rise as high profile earnings loom
Date: October 16, 2023
Wall Street rallies, Treasury yields rise as high profile earnings loom By Stephen Culp NEW YORK (Reuters) – Wall Street rebounded from Friday’s selloff and benchmark Treasury yields rose as investors embarked upon the first full week of third quarter corporate results while keeping a close eye on the Israel-Hamas war. All three major U.S....
Hipgnosis shareholder plans to derail music catalogue sale
Date: October 16, 2023
Hipgnosis shareholder plans to derail music catalogue sale (Reuters) – A shareholder of Hipgnosis Songs Fund is looking to scuttle the company’s $465 million deal to sell some of its music catalogues to a group backed by private equity firm Blackstone. In a letter to shareholders on Monday, Asset Value Investors (AVI) said it would...