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Image for UK gilts suffer biggest collapse since March 2020 meltdown

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UK gilts suffer biggest collapse since March 2020 meltdown

Image for Bank of England raises rates to 2.25%, despite likely recession

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Bank of England raises rates to 2.25%, despite likely recession

Image for Bank of England hikes rates by 50 bps as economy slows

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Bank of England hikes rates by 50 bps as economy slows

Image for Factbox-Government measures to ease inflation pain

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Factbox-Government measures to ease inflation pain

Image for UK watchdog clarifies post-Brexit conditions for share trading licences

UK watchdog clarifies post-Brexit conditions for share trading licences

Date: September 22, 2022

By Huw Jones LONDON (Reuters) – Britain’s financial watchdog set out plans on Thursday to clarify which operators must be licensed to trade stocks and bonds in its latest post-Brexit move to keep London’s capital market competitive. Britain’s new Prime Minister Liz Truss has promised to “unshackle” the City of London from European Union rules...

Image for EU considers more action to tame energy prices, fix liquidity squeeze

EU considers more action to tame energy prices, fix liquidity squeeze

Date: September 22, 2022

By Kate Abnett BRUSSELS (Reuters) – The European Commission is working on more measures to tame sky-high gas prices and support energy firms facing a liquidity crunch, and may lay out its plans to EU countries next week. The European Union’s executive last week proposed emergency energy measures, including bloc-wide windfall profit levies on energy...

Image for Banks face legal risks if they don’t stick to climate goals, ECB says

Banks face legal risks if they don’t stick to climate goals, ECB says

Date: September 22, 2022

FRANKFURT (Reuters) – Banks face the risk of being sued if they don’t stick to their climate goals or try “greenwashing” their image, a top European Central Bank (ECB) supervisor said on Thursday. Major Wall Street banks have threatened to leave United Nations climate envoy Mark Carney’s financial alliance because they fear its strict requirements...

Image for Polymetal shares down as gold miner scraps final dividend

Polymetal shares down as gold miner scraps final dividend

Date: September 22, 2022

MOSCOW (Reuters) – Russian gold and silver producer Polymetal said on Thursday it had decided to cancel the final dividend for 2021 and recommended no interim dividend payment for 2022 due to lower cash flows, sending its shares in London down 11%. Polymetal has not been directly targeted by Western sanctions imposed on Moscow since...

Image for Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’

Date: September 22, 2022

SYDNEY (Reuters) -Australia held a national day of mourning for Queen Elizabeth II on Thursday, with Prime Minister Anthony Albanese saying the greatest tribute the nation could offer was not a statue but “a renewed embrace of service to the community”. With the day declared a national holiday, a memorial ceremony attended by 600 dignitaries...

Image for Sterling pulls off 37-year low as a slew of central banks hike rates

Sterling pulls off 37-year low as a slew of central banks hike rates

Date: September 22, 2022

By Joice Alves LONDON (Reuters) – Sterling rose, after slipping to a fresh 37-year low, against a weakening U.S. dollar on Thursday ahead of a Bank of England meeting and after a slew of central banks’ rate hikes. Traders were awaiting for an expected BoE interest rate hike at 1100 GMT with money markets pricing...