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U.S. climate envoy Kerry: King Charles at COP27 would be ‘very powerful’
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British PM Sunak discussed Channel migration with France’s Macron, Downing Street says
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Credit Suisse overhaul welcomed by Swiss National Bank – paper
Investing
Tech wipeout woes offset central bank pivot hopes
Global equity funds receive inflows for first time in 10 weeks
Date: October 28, 2022
(Reuters) – Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown. According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week, after ditching them in...
Bank of England poised to raise rates by most in 33 years
Date: October 28, 2022
By William Schomberg LONDON (Reuters) – The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak. As well as raising interest rates on Thursday for an eighth meeting...
British PM Sunak discussed Channel migration with France’s Macron, Downing Street says
Date: October 28, 2022
PARIS (Reuters) -Britain’s new Prime Minister Rishi Sunak and French President Emmanuel Macron discussed the issue of clandestine migration across the English Channel in their first telephone conversation since Sunak took office, the British government said. However, while both sides sought in comments after the conversation to smooth over recent bilateral tensions, the French government...
Japan unveils $200 billion in new spending to ease inflation pain
Date: October 28, 2022
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan said on Friday it would spend $200 billion on an economic stimulus package meant to tame inflation and cushion the economic blow from rising raw material costs. The government’s announcement came hours after the central kept interest rates ultra-low, a double-barrelled signal that Tokyo will continue...
Baillie Gifford funds bought more shares of China’s Pinduoduo, NIO in Q3
Date: October 28, 2022
By Summer Zhen HONG KONG (Reuters) – Baillie Gifford, one of the largest asset managers in Europe and a China bull in recent years, increased its holdings of some Chinese growth stocks in its portfolio in the third quarter despite rising policy uncertainty, exchange filings showed. The Edinburgh-based investment group added 110,737 shares of e-commerce...
U.S. climate envoy Kerry: King Charles at COP27 would be ‘very powerful’
Date: October 28, 2022
LONDON (Reuters) – It would be “very powerful” if King Charles attended the COP27 climate summit in Egypt, U.S. special climate envoy John Kerry said, adding that the British monarch’s credibility and leadership on environmental issues would make a difference. Charles, who became king last month following the death of his mother Queen Elizabeth, spoke...