The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

Wall Street rebounds to lows as the UK steps in to calm bonds

US stocks rebounded Wednesday after hitting new lows on Tuesday British gilts are roaring higher with the intervention of the Bank of England The US dollar breaks record gains Oil prices rise on hurricane Ian cuts September 28 (Reuters) – US and global equities staged a slight rally on Wednesday as the Bank of England … Read more

The IMF and Moody’s censor British policy that has sparked market turmoil

The IMF “does not recommend” policies such as the UK growth plan Moody’s: economic plan is ‘negative growth’ Pound traded 0.5% lower to $ 1.0681 Bond strategists warn that the market is almost non-negotiable LONDON, Sept. 28 (Reuters) – The International Monetary Fund and rating agency Moody’s have stepped up pressure on Britain to reverse … Read more

Explanation: how methane leaks accelerate global warming

Sep 27 (Reuters) – Methane leaks have emerged as a major threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that have been at the center of an energy crisis since Russia invaded Ukraine. Methane, the main component of natural gas, can leak from pipelines and … Read more

Eisai, Biogen say the Alzheimer’s drug manages to slow cognitive decline

Sep 27 (Reuters) – Eisai Co Ltd (4523.T) and Biogen Inc (BIIB.O) said on Tuesday that their investigational Alzheimer’s drug significantly slowed cognitive and functional decline in a large study involving patients in the early stages of the disease, scoring a rare victory in a field littered with failed drugs. The drug, lecanemab, slowed the … Read more

EXCLUSIVE US seeks allies as split over global plastic pollution treaty emerges

WASHINGTON DC, Sept. 27 (Reuters) – The United States is trying to form a coalition of countries to lead negotiations on a global plastic pollution treaty, weeks after launching a similar group involving several other G7 nations. according to a document seen by Reuters. The move underscores its willingness to keep the treaty’s focus on … Read more

Reversing the collapse of confidence in the UK requires a U-turn of policy: economists

LONDON, Sept. 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng cancels the economic plan that sparked such turmoil in financial markets, leading economists, investors and banks warned Tuesday. The pound hit an all-time low of $ 1.0327 on Monday and British government bonds sold at a ferocious pace … Read more

NASA’s DART spacecraft hits a target asteroid in the first planetary defense test

Sep 26 (Reuters) – NASA’s DART spacecraft successfully crashed into a distant asteroid at hypersonic speed on Monday in the world’s first test of a planetary defense system, designed to prevent a potential collision of an apocalyptic meteorite with Earth. . Humanity’s first attempt to alter the motion of an asteroid or any celestial body … Read more

The Bank of England observes the market turmoil, “will not hesitate” to act

Register now for FREE unlimited access to Reuters.com Sign in The pound briefly hit an all-time low against the dollar Gilts continue to collapse The finance minister details the tax plans on November 19 23 BoE monitors developments “closely” LONDON, Sept. 26 (Reuters) – The Bank of England said Monday it will not hesitate to … Read more

Morning Deal: Unstable Cable | Reuters

US dollar banknotes can be seen in this illustrative photo taken on June 14, 2022. REUTERS / Florence Lo / Illustration Register now for FREE unlimited access to Reuters.com Sign in A look at the day ahead in the US and global markets from Mike Dolan. Britain’s gamble to stimulate growth with unfunded tax cuts … Read more