By Sruthi Shankar and Amruta Khandekar (Reuters) – European shares tumbled on Wednesday as nerves about soaring prices and rising interest rates were aggravated by inflation data from the United States, while mixed earnings reports kept investors on ed…
London’s FTSE 100 falls for sixth day as financials extend losses
By Sruthi Shankar (Reuters) – Financial stocks led Britain’s blue-chip index lower on Wednesday as gilts continued their selloff, while Barratt Developments’ disappointing results deepened worries for the battered housing sector. The FTSE 100 fell 0.9%…
Biden’s national security plan aims at China, Russia
WASHINGTON (Reuters) – The White House rolled out a long-delayed national security strategy on Wednesday that seeks to contain China’s rise while reemphasizing the importance of working with allies to tackle challenges confronting democratic nations. T…
Britain’s bond market turmoil
LONDON (Reuters) – British government borrowing costs hit a 20-year high on Wednesday after Bank of England Governor Andrew Bailey told pension funds they had three days to fix liquidity problems before the bank withdrew emergency bond-buying support. …
Long-dated UK bond prices slide to new 20-year low
By Andy Bruce LONDON (Reuters) -Long-dated British government bonds sold off heavily on Wednesday to reach their lowest ebb in 20 years, after Bank of England Governor Andrew Bailey told pension funds they had just three days to fix liquidity problems….
Druzhba pipeline leak reduces Russian oil flows to Germany
By Marek Strzelecki and Miranda Murray WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had adequate supplies, after Poland found a leak in the Druzhba pipeline that delivers crude from Russia to Europe that Warsaw said …
‘Don’t slow us down’, UK financial watchdog tells government
By Huw Jones LONDON (Reuters) – A new UK financial services law should not hamper the Financial Conduct Authority’s ability to act quickly or undermine its independence, the watchdog’s interim chair said on Wednesday. Financial services minister Andrew…
Airbus ‘turns page’ on Brexit but presses UK on helicopters, space
LONDON (Reuters) – The head of planemaker Airbus “turned the page” on the planemker’s past opposition to Brexit and pledged to keep wings production in Britain, but said the European aerospace giant hoped to be “better understood” on helicopters and sp…
Russia has depleted large part of precision ammunition – NATO official
BRUSSELS (Reuters) – Russia has depleted a significant proportion of its precision-guided ammunition in its invasion of Ukraine and its industry cannot produce all kinds of ammunition and weapon systems due to Western sanctions, a senior NATO official …
Italy’s MPS scrambles to secure share issue commitments
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -Monte dei Paschi di Siena was racing on Wednesday to get commitments from investors for its 2.5 billion euro ($2.4 billion) share issue so it can secure a backstop from banks for any unsold stock, thr…