By Oliver Hirt and Michael Shields ZURICH (Reuters) – Credit Suisse Group AG saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday before clawing back some of the losses amid concerns about the lender’s ability to restructure…
A market sweet spot?
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Whisper it, but markets may be in something of a sweet spot right now, opening up the potential for a few weeks of respite and decent-sized rebounds. Ok, maybe a few days until th…
BoE’s Mann says sterling, inflation, energy influenced her rate hike vote
By David Milliken LONDON (Reuters) – Bank of England policymaker Catherine Mann said her vote last month to raise Bank Rate by 0.75 percentage points reflected her concerns about a weak currency, rising inflation expectations and the boost to household…
Global recession can be avoided with right fiscal policies -IMF’s Georgieva
By Aziz El Yaakoubi RIYADH (Reuters) – Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fun…
Reducing energy waste key to meeting climate goals
By Gloria Dickie LONDON (Reuters) – Embracing decentralised power grids may be the way forward in building out renewable energy capacity to reach global climate goals, the CEO of investment firm Sustainable Development Capital said on Monday. Speaking …
Bank of England reaffirms willingness to buy billions of pounds in gilts
LONDON (Reuters) -The Bank of England issued a statement on Monday in which it said it was reaffirming its willingness to buy up to 5 billion pounds ($5.65 billion) of long-dated gilts at each of its daily auctions, after rejecting almost all offers ea…
More U.S. LNG heads to Europe despite output constraints
By Marianna Parraga HOUSTON (Reuters) – U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of 2022, Refinitiv Eikon data showed…
UK’s Kwarteng to bring forward publication of fiscal plan -FT
LONDON (Reuters) – British Finance Minister Kwasi Kwarteng is to bring forward publication of his medium-term fiscal plan to bring down public debt to later this month, the Financial Times reported on Monday without citing sources. Earlier on Monday, K…
Benetton, Blackstone’s takeover of Atlantia to start on Oct. 10
MILAN (Reuters) – The Italian market watchdog has cleared the multi-billion buyout bid prepared by the Benettons and U.S. investment fund Blackstone on Italy’s Atlantia, the two partners said, adding the takeover will start on Oct. 10. The takeover wil…
Bertelsmann’s RTL scraps plan to sell stake in French TV Group M6
By Elvira Pollina and Mathieu Rosemain MILAN/PARIS (Reuters) -Bertelsmann’s RTL Group has scrapped a plan to sell its controlling stake in French TV group M6, the Luxembourg-based media group said on Monday, confirming a Reuters report. Dropping the sa…