LONDON (Reuters) – The pile of negative-yielding euro zone government bonds is close to disappearing, data from electronic trading platform Tradeweb showed on Monday. Roughly 260 billion euros ($254 bln) of euro zone government bonds carried negative y…
Prosus terminates $4.7 billion deal to buy BillDesk
AMSTERDAM (Reuters) -Dutch-based technology investor Prosus NV said on Monday its $4.7 billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met. In a short statement, Prosus said “certain condit…
Take Five: A bumpy home straight
(Reuters) – A tumultuous year for financial markets is entering the home straight, with Britain battling a self-inflicted crisis and markets pouring over U.S. jobs data to determine how much of an impact Fed hikes are having on the U.S. economy. Curren…
UK minister says problems with Northern Ireland protocol can be resolved by negotiation
DUBLIN (Reuters) – A Northern Ireland minister known for his strident support of Brexit on Monday said problems with the Northern Ireland protocol can be resolved by negotiation. “I’m very convinced that if we get into a negotiation, without preconditi…
UK’s Truss forced into U-turn on tax after week of market turmoil
By Elizabeth Piper, Andrew MacAskill and Alistair Smout BIRMINGHAM, England (Reuters) -British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax t…
UK finance minister Kwarteng: We are reversing abolition of 45p tax rate
LONDON (Reuters) – British finance minister Kwasi Kwarteng said on Monday the government was reversing its plan to scrap the highest rate of income tax. “We are not proceeding with the abolition of the 45p tax rate. We get it, and we have listened,” Kw…
Antipodean currencies advance ahead of rate decisions, dollar edges lower
By Rae Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars gained ground on Monday ahead of expected rate hikes from their respective central banks later in the week, while the dollar slipped against a basket of currencies. The Aussie was …
Centre-right GERB party leads in Bulgaria election -partial results
SOFIA (Reuters) – The centre-right GERB party of former Prime Minister Boyko Borissov won Sunday’s parliamentary election in Bulgaria, with 25.4% of votes, results from 99% of ballots counted showed on Monday. The centrist anti-graft party, We Continue…
UK’s Truss to delay vote on cutting 45% rate of tax, The Telegraph reports
(Reuters) – British Prime Minister Liz Truss could delay the vote on cutting the 45% rate of tax, The Telegraph reported on Sunday citing government sources. Members of parliament will not be asked to approve the decision until they have learned how it…
Marketmind: Can Q4 stop the rot?
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The final quarter of the year kicks off on Monday and the market mood could not be darker. This may in fact be one of the few sources of optimism that the bottom is in, at least f…