By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of major currencies and sterling jumped on Monday after Britain’s new finance minister ditched most of the government’s “mini-budget,” sparking a rally in U.K. and U.S. governmen…
Sweden’s Sandvik profit beats forecast on strong orders, demand
By Niklas Pollard STOCKHOLM (Reuters) -Swedish maker of metal-cutting tools and mining gear Sandvik reported core earnings that beat analysts’ expectations on Monday and said strong demand had lifted order bookings in the third quarter. The company, am…
Aluminium price drops on jump in LME stocks and Russian metal
By Pratima Desai LONDON (Reuters) -Aluminium prices dropped on Monday as inventories in London Metal Exchange (LME) warehouses jumped, fuelling fears of unwanted Russian-origin metal in the LME system, traders said. Benchmark aluminium on the LME was d…
Xi’s new generals face tough military challenges post-congress
By Greg Torode HONG KONG (Reuters) – In his first two terms as commander of the world’s largest military, Chinese President Xi Jinping has unleashed sweeping changes to its structure, posture and potency. Over those 10 years, China has rapidly expanded…
U.S. stocks surge, dollar dips on solid earnings, UK policy U-turn
By Stephen Culp NEW YORK (Reuters) – Wall Street rallied on Monday, with U.S. equities picking up where their European counterparts left off as strong earnings and a financial policy reversal in the U.K. fueled risk appetite and boosted the sterling an…
New UK finance minister Hunt reverses tax plan, reins in energy support
By William Schomberg, Kylie MacLellan and William James LONDON (Reuters) – New British finance minister Jeremy Hunt on Monday reversed nearly all of Prime Minister Liz Truss’s mini-budget that had sparked market turmoil, and reined in a vast energy sub…
Lawmakers will try to oust UK PM Truss this week – Daily Mail
(Reuters) – British lawmakers will try to oust Prime Minister Liz Truss this week despite Downing Street’s warning that it could trigger a general election, the Daily Mail reported. (Reporting by Anirudh Saligrama in Bengaluru, editing by Deepa Babington)
Thousands take to the streets of Paris to protest soaring prices
By Lucien Libert and Stéphane Mahe PARIS (Reuters) – Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike. The leader of…
Marketmind: Hello darkness my old friend
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever It seems like an age away, but whatever optimism investors had at the start of the quarter for a broad-based market rebound looks to have completely evaporated. …
Blast at Spanish restaurant, likely caused by gas, injures seven
MADRID (Reuters) -An explosion most likely caused by gas wounded at least seven people at a Japanese restaurant in the northeastern Spanish city of Tarragona on Sunday, officials said. The blast happened at around 4 p.m. local time when the restaurant …