EUROP

Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in …

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World stocks edge above Nov 2020 lows, sterling recovers some ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting a 21-month low and the pound rebounded after …

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Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen Bank of Canada says it didn’t help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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European stocks extend losses as slowdown warnings weigh

Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks plunged on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a U.S. rate hike as warnings from the World Bank and the International Monetary Fund fueled fears of a slowdown. …

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Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials held labor contract talks on Wednesday evening to avoid a possible rail shutdown that could disrupt freight shipments and hamper food supplies and fuel, but a small union rejected a deal and Amtrak called it all off. long-distance passenger travel. Railroads, including Union Pacific (UNP.N)Berkshire Hathaway …

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Google loses challenge against EU antitrust decision, other probes loom

Join now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court upheld a ruling that it breached competition rules and imposed a record fine of 4.1 billion euros, which could encourage other regulators to increase. pressure on the …

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Asian shares extend global rout, yen perks up on intervention hints

An electronic stock quotation board is displayed in a conference room in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei falls 2.3%, S&P 500 futures stabilize The dollar falls 0.6% against the yen following the announcement of a rate control by the BoJ US 2-year …

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Google faces $25.4 billion damages claims in UK, Dutch courts over adtech practices

The name Google is displayed outside the company’s offices in London, Britain November 1, 2018. REUTERS/Toby Melville/File Photo Join now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 13 (Reuters) – Google Alphabet Unit (GOOGL.O) will face claims for damages of up to 25 billion euros ($25.4 billion) for its digital advertising practices in …

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