Top Stories
Top Stories
What is known so far about the Nord Stream gas pipeline leaks
Top Stories
Pound plunge means even higher prices for UK consumers – McKinsey
Top Stories
Berlin to scrap gas levy as it looks for funding sources – report
Top Stories
Wall Street rebounds, sterling steadies after tumble
Calls grow for UK to reverse fiscal policy after market turmoil
Date: September 27, 2022
By Andy Bruce and Kate Holton LONDON (Reuters) -The Bank of England is likely to deliver a “significant” rate hike at its next meeting in November after finance minister Kwasi Kwarteng’s tax cut plan unleashed turmoil in financial markets, BoE Chief Economist Huw Pill said on Tuesday. After the pound touched an all-time low of...
With flowers and a gun salute, Japan bids farewell to divisive Abe
Date: September 27, 2022
By Kiyoshi Takenaka and Trevor Hunnicutt TOKYO (Reuters) -With flowers, prayers and a 19-gun salute, Japan honoured slain former Prime Minister Shinzo Abe on Tuesday at the first state funeral for a former premier in 55 years – a ceremony that has become as controversial as he was in life. The ceremony started at 2:00...
Hungary ends massive rate hikes with one last 125 bps step
Date: September 27, 2022
By Gergely Szakacs and Krisztina Than BUDAPEST (Reuters) -The National Bank of Hungary raised its base rate by a larger-than-expected 125 basis points to 13% on Tuesday and ended its more than year-long rate hike cycle amid a slowing economy. Central European policymakers are seeking to end a strategy of interest rate rises running since...
Just Eat Takeaway shares leap 10% on forecast of underlying profit
Date: September 27, 2022
AMSTERDAM (Reuters) -Just Eat Takeaway.com NV, Europe’s largest online food ordering and delivery company, said on Tuesday it expected to make an underlying profit in the second half of 2022, sooner than previously forecast. The company’s shares jumped by 10% to 15.74 euros in Amsterdam shortly after the announcement. Just Eat said in a statement...
Sterling higher as BoE, Treasury seek to calm markets, outlook remains cautious
Date: September 27, 2022
By Samuel Indyk LONDON (Reuters) -The British pound was higher against the dollar on Tuesday, a day after hitting a record low, as the Bank of England and UK Treasury attempted to soothe market concerns after the government announced a raft of unfunded tax cuts. The battered pound hit an all-time low of $1.0327 on...
Dollar pauses for breath as fragile pound edges up
Date: September 27, 2022
By Alun John and Tom Westbrook LONDON/SYDNEY (Reuters) – The dollar took a pause on Tuesday in what has been a relentless climb higher as under-fire sterling as well as the euro and Japanese yen recovered some ground from multi-year lows, but medium-term fundamentals were still in the greenback’s favour. Sterling climbed over 1% to...