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Columbia Threadneedle, Mercer warned BoE on gilts
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EU tells countries gas price cap would come with risks
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Explainer-Why are Britain’s pension schemes dumping gilts?
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UK housing market may face perfect storm as mortgage rates rise, house prices drop
Britain’s market rout stokes contagion fears around the globe
Date: September 28, 2022
By Davide Barbuscia, Marc Jones and Dhara Ranasinghe NEW YORK/LONDON (Reuters) – The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Following Friday’s...
Russian weekly consumer prices rise for first time since May
Date: September 28, 2022
MOSCOW (Reuters) – Weekly consumer prices in Russia rose for the first time since May, data published on Wednesday showed, less than two weeks after the central bank hinted at the end to its monetary easing cycle and following weeks of declining retail prices. Russia’s consumer price index rose 0.08% in the week to Sept....
Finland closes highway for fighter jet drill for first time in decades
Date: September 28, 2022
By Anne Kauranen JOUTSA, Finland (Reuters) – Finland has shut down a section of one of its main highways for five days for the first time in decades to allow its fighter jets to practice landings and take-offs on a reserve road runway. The Nordic country, which is applying for NATO membership following neighbouring Russia’s...
Chile authorities scour mountains for missing British astronomer
Date: September 28, 2022
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – Chile authorities on Wednesday were scouring an arid mountainous region of the country in a search for British astronomer Thomas Marsh who disappeared more than 10 days ago from an observatory in northern Chile where he was on a research visit. The local prosecutor’s office, police, emergency...
Russian oil and gas sector braces for tax hikes of over $60 billion in 2023-2025
Date: September 28, 2022
MOSCOW (Reuters) – The Russian government has proposed more than $60 billion in tax increases for the oil and gas industry in 2023-2025, the biggest such rises in the country’s history, as it seeks to plug its budget gap, according to a document published on Wednesday. One of the heftiest burdens was slapped on Kremlin-controlled...
Germany extends run times for coal-fired power plants to boost supply
Date: September 28, 2022
By Vera Eckert FRANKFURT (Reuters) – Germany’s cabinet on Wednesday passed two decrees to prolong the operation of sizeable hard coal-fired power generation plants up to March 31, 2024, and to bring back idled brown coal capacity up to June 30, 2023, to boost supply. The economy ministry in a press release spoke of the...