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Credit Suisse executives reassure investors after CDS spike, Financial Times reports
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Can crowdfunded property turn rundown neighborhoods around?
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Volatile rouble gives up huge gains as Putin declares annexations
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EU countries spar over gas price cap
Sterling slips after Truss, Kwarteng meet fiscal watchdog
Date: September 30, 2022
By Joice Alves LONDON (Reuters) -Sterling slipped on Friday, reversing earlier gains against the U.S. dollar, after Prime Minister Liz Truss and finance minister Kwasi Kwarteng met with Britain’s fiscal watchdog and confirmed markets would have to wait until Nov. 23 for new economic forecasts. Truss and Kwarteng refused to bow to demands to publish...
Oil heads for weekly gain as OPEC+ considers output cut
Date: September 30, 2022
By Rowena Edwards LONDON (Reuters) – Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, fell by 52 cents, or 0.59%, to $87.97...
Factbox-Europe’s travel disruption stretches into autumn
Date: September 30, 2022
(Reuters) – Strikes and staff shortages forced airlines to cancel thousands of flights to avoid hours-long queues at major airports in the first summer following widespread COVID lockdowns, with disruptions set to continue deep into the autumn. Here is a summary of some of the key developments: LABOUR UNREST After sweeping job and pay cuts...
Wall Street keeps stocks down, dollar up on inflation
Date: September 30, 2022
By Lawrence Delevingne and Elizabeth Howcroft (Reuters) -Wall Street and global stocks fell again on Friday, or barely recovered, with government bond yields pulling back from recent peaks and the dollar pushing ever higher, as higher-than-expected inflation continued to weigh on markets. Fresh personal consumption expenditures (PCE) price index data, tracked by the U.S. Federal...
BlackRock says cutting leverage in some funds in UK pensions crisis
Date: September 30, 2022
By Carolyn Cohn LONDON (Reuters) -U.S. asset management group BlackRock said on Friday it was reducing leverage in so-called liability-driven investment (LDI) funds – which have been at the centre of chaotic market conditions for British pension funds this week. British government bond prices slumped by their most in decades following finance minister Kwasi Kwarteng’s...
Hurricane Ian veers toward Carolinas after pummeling Florida
Date: September 30, 2022
By Brad Brooks and Joseph Ax FORT MYERS, Fla. (Reuters) -A resurgent Hurricane Ian barreled north on Friday toward a second landfall in South Carolina, a day after carving a path of destruction across central Florida that left rescue crews racing to reach trapped residents along the state’s Gulf Coast. Ian, which had weakened to...