Analysis: The collapse of the UK bond market makes the Big Bang plans for London shine

LONDON, Oct 4 (Reuters) – New UK Prime Minister Liz Truss has vowed to “unlock” the City of London to fuel growth, but the bond market crash due to tax cuts will take the luster out of her “Big” plan. Bang “for financial services. Markets got scared last month when UK Finance Minister Kwasi Kwarteng … Read more

UK Truss makes a U-turn on taxes after a week of market turmoil

Truss had defended politics on Sunday Quarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cutting the higher tax rate was a small part of the master plan Markets concerned about how to finance the plan BIRMINGHAM, England, Oct.3 (Reuters) – British Prime Minister Liz Truss was forced into … Read more

Stampede, targeting Indonesia’s football game kills 174, championship suspended

The East Java stadium disaster apparently worst since 1964 About 180 injured in the stampede of the crowd The Indonesian football federation suspends the league to investigate Police say they fired tear gas to control the crowd MALANG, Indonesia, Oct. 2 (Reuters) – At least 174 people were killed and 180 injured in a stampede … Read more

Analysis: Underwater: How the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after the pension fund, please Some UK pension funds have faced problematic margin calls BoE support is seen as a window to create collateral The UK government’s unfunded fiscal plan has scared the markets LONDON / NEW YORK, Oct. 2 (Reuters) – Calls to the Bank of England began … Read more

Consumer spending in the US rebounds, but high inflation erodes demand

Consumer spending increased by 0.4% in August Personal income increases by 0.3%; savings rate stable at 3.5% Core PCE price index rises by 0.6%; up 4.9% year on year WASHINGTON, Sept. 30 (Reuters) – U.S. consumer spending rose more-than-expected in August, but the Federal Reserve’s aggressive rate hikes as it battles stubbornly high inflation are … Read more

the pound and the euro recover; The ECB is likely to be aggressive after Germany’s high CPI

TOKYO, Sept. 30 (Reuters) – The pound rose to a new one-week high on Friday, helping to push the US dollar index to a one-week low as British politicians moved to repair some of the damage caused by taxation. last week’s tax plan by cutting and inflating debt. This puts the UK currency on track … Read more

Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The “orthodox” challenger, Kwarteng is holding on after the rout of the British market

Weeks at work, UK finance minister under fire for tax cuts Truss is a key ally, but some question his future A quarter of the key official fired went without tax forecasts LONDON, Sept. 29 (Reuters) – As Britain’s new finance minister, Kwasi Kwarteng hoped to overthrow the finance ministry groupthink that he and new … Read more

EXCLUSIVE Europe risers for mobile network blackout – sources

PARIS / STOCKHOLM / MILAN, 29 Sept. (Reuters) – Once unthinkable, cell phones could go black this winter in Europe if power outages or energy rationing knocked out parts of mobile networks across the region. Russia’s decision to cut off gas supplies through Europe’s main supply route in the wake of the conflict in Ukraine … Read more

The defeat of the UK market is fueling fears of contagion around the world

NEW YORK / LONDON, Sept. 28 (Reuters) – The scale and speed of the sell-off in British assets has rocked world markets, raising concern about contagion as chaos in a large developed economy adds to the distress already generated. by sharp hikes in interest rates from in the United States and elsewhere. After Friday’s UK … Read more