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FTSE 100 falls for fifth session, eyes on BoE moves to stem bond rout
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European shares hit over one-week low as recession worries weigh
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Gray whale numbers along North America’s west coast down nearly 40% since 2016
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Energy crisis could cut Europe’s car output nearly 40% – S&P Global Mobility
Ukraine grain backlog prompts U.N. call for faster ship checks
Date: October 11, 2022
By Jonathan Spicer and Can Sezer ISTANBUL (Reuters) – With nearly 100 grain-laden ships reaching towards the horizon off Istanbul, the U.N. official overseeing exports from Ukraine is asking Russia and other parties to end “full-blown” inspections of outgoing vessels to ease the backlog. Ukraine has exported more than 6.8 million tonnes of grain and...
Stocks tumble globally on raft of economic, political worries
Date: October 11, 2022
By Sinéad Carew and Dhara Ranasinghe LONDON/NEW YORK (Reuters) – MSCI’s global index of stocks hit its lowest level in almost two years on Tuesday while oil prices sank on fears about the potential for a global recession as central banks rapidly increase interest rates in an effort to tame inflation. Adding to pressure were...
IMF urges UK to align fiscal policy with BoE inflation goals
Date: October 11, 2022
By David Milliken LONDON (Reuters) -Britain’s government should ensure its tax and spending plans are in line with the Bank of England’s inflation-fighting goals, the chief economist of the International Monetary Fund, Pierre-Olivier Gourinchas, said on Tuesday. “Fiscal policy should be aligned with monetary policy,” Gourinchas said at a news conference in Washington, when asked...
Sterling snaps four-day drop, but gilt-market havoc tempers gains
Date: October 11, 2022
By Amanda Cooper LONDON (Reuters) -The pound snapped a four-day streak of losses on Tuesday in a volatile session, in which the Bank of England was forced to step into the government bond markets again to attempt to stem a damaging debt sell-off. Sterling was last flat against the dollar at $1.1062, having earlier fallen...
QIC Crowned “Best Online Insurance Company in The Middle East” At The Global Banking & Finance Review Awards 2022
Date: October 11, 2022
The prestigious award reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions Doha, Qatar – 9 October 2022: Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has been crowned Best Online Insurance Company in The Middle East...
Demand for German, European Union debt sales weakens in volatile market
Date: October 11, 2022
By Yoruk Bahceli (Reuters) – Germany and the European Union saw demand weaken in long-dated debt sales that raised a combined 14 billion euros, demonstrating the challenges for borrowers in a market rattled by the ramifications of Britain’s budget and the potential for further debt issuance to tackle the energy crisis. Germany raised 3 billion...