MOSCOW (Reuters) – After launching a digital rouble early next year, Russia plans to use the currency in mutual settlements with China as it seeks to reduce Washington’s global financial hegemony, a senior Russian lawmaker said on Monday. Russia, like …
Sterling hits record low, BoE fails to spark recovery
By Joice Alves LONDON (Reuters) – Sterling fell back towards an all-time low against the dollar on Monday, after a statement from the Bank of England (BoE) disappointed market expectations for an emergency rate hike to shore up the battered British cur…
Oil prices slide, hit 9-month lows as dollar strengthens
By Laura Sanicola (Reuters) -Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settlement fell by $1.09, or …
Italian shares shine after election, broader Europe slips
By Devik Jain and Amruta Khandekar (Reuters) -Shares in Italy outperformed European peers on Monday after the right-wing coalition led by Georgia Meloni overwhelmingly won the national election, while bourses elsewhere fell amid risk aversion following…
UK’s Virgin Money, Skipton temporarily withdraw mortgage products – emails to brokers
LONDON (Reuters) – British lenders Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according to emails sent to brokers. “Following a…
Aston Martin stunt car, Daniel Craig costumes star at James Bond auction
By Marie-Louise Gumuchian LONDON (Reuters) – From an Aston Martin DB5 stunt car to costumes worn by Daniel Craig in “No Time to Die”, an array of James Bond props and memorabilia are being offered at a charity auction soon as the film franchise celebra…
Bank of England ‘will not hesitate’ to act as it monitors market turmoil
By Amanda Cooper, David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England said on Monday it would not hesitate to change interest rates and was monitoring markets “very closely”, after the pound plunged to a record low and British bond pric…
Bank of England says it “will not hesitate” to raise rates
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that the BoE “will not hesitate” to raise interest rates if needed to meet its 2% inflation target, and that it was watching financial markets “very closely” following sharp moves …
Euro zone yields at multi-year highs, Italian bonds underperform
By Stefano Rebaudo (Reuters) -Euro zone government bond yields jumped to multi-year highs amid expectations that central banks will keep tightening their monetary policy despite recession risks and a new sell-off in British gilts. Meanwhile, the spread…
Wall Street mixed as it digests macro ‘tsunami’
By Lawrence Delevingne (Reuters) -U.S. stocks were mixed, oil prices were choppy, and the dollar and Treasury yields rose on Monday as Wall Street digested a raft of macroeconomic news. The moves came after sterling slumped to a record low earlier in t…