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Stocks fall, bonds and gold gain as Russia threats add to Fed jitters
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UK eases pressure on business by halving energy bills this winter
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Confidence in UK assets on thin ice, investors warn – Reuters poll
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UK’s Sainsbury’s in talks to sell stores worth 500 million stg
Prices of airline tickets stay high as upkeep woes crimp fleets
Date: September 21, 2022
By Jamie Freed SINGAPORE (Reuters) – Labour shortages and supply chain snarls are making it harder for airlines and lessors to return airplanes grounded during the pandemic to the skies as quickly as they would like, operators and maintenance providers say. A global squeeze on maintenance, repair and overhaul (MRO) capacity is one of the...
Oil stocks lift London’s FTSE 100 amid Russia angst as Fed looms
Date: September 21, 2022
By Bansari Mayur Kamdar (Reuters) -UK’s commodity-heavy FTSE 100 reversed early losses on Wednesday, buoyed by oil stocks as crude prices surged on supply concerns due to escalation of the war in Ukraine, while investors braced for an aggressive interest U.S. rate hikes. The benchmark FTSE 100 rose 0.5%, while the domestically focussed mid-cap index...
Factbox-Britain’s plans to shield businesses from soaring energy prices
Date: September 21, 2022
LONDON (Reuters) – British businesses are facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the security of energy supplies. Below are some of the government’s plans announced on Wednesday to help shield businesses from the rising costs: PRICE CAP...
UK government to cap energy bills for businesses – Bloomberg
Date: September 20, 2022
LONDON (Reuters) – The British government, under newly appointed Prime Minister Liz Truss, plans to cut the wholesale prices that are incorporated into business energy bills this winter, Bloomberg reported on Tuesday. The report comes ahead of the government’s energy support package for businesses, which is expected this week as the government resumes its duties...
U.S. expects more banks will cut off Russian payment system Mir – senior official
Date: September 20, 2022
WASHINGTON (Reuters) – Steps that Turkish lenders Isbank and Denizbank took to suspend the use of Russian payment system Mir make a lot of sense, a senior U.S. administration official said on Tuesday, and said the United States expects more banks will cut off Mir over sanctions risk. Isbank and Denizbank on Monday announced separately...
Oil prices down, investors expect big Fed rate hike
Date: September 20, 2022
By David Gaffen NEW YORK (Reuters) -Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation. The U.S. Federal Reserve is likely to raise interest rates by another 75 basis points on Wednesday to rein in inflation. Those...