Auction to be held on Russia debt default insurance

This article discusses the benefits, costs, taxes, and the amount of time it takes to set up a limited company.

Even though fears of another "sterling crisis" have been wide of the mark for decades, they are harder to bat away this time around as a fourth British prime minister in six years takes the helm.

Truss, who officially became leader Tuesday at an audience with head of state Queen Elizabeth II in Scotland after the resignation of Boris Johnson, is set to meet her top team at a morning meeting.

Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.

The U.S. Commerce Department said Tuesday it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S.

Finland and Switzerland offered financial backing to utility companies on Tuesday, the latest energy firms in Europe to receive state support as gas prices have spiked since Russia invaded Ukraine.

Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.

Europe faces massive increases in energy bills driven by rocketing gas prices as the Ukraine conflict and European sanctions on Russia heighten concerns over gas supplies.

The British government is set to release data showing around 1.1 billion pounds of small business loans ($1.27 billion) made under a COVID-19 emergency lending scheme has already been classified as suspected fraud, a source told Reuters.

Bankrupt Sri Lanka's deposed president 'to return home'

Universities call for a tuition fee rise – here's what that would mean for students and taxpayers

Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.

IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka

Disadvantaged students starting courses in 2022 are worse off as a result of COVID – universities must support them

HSBC has hired Justin Wu as its first co-head of climate change Asia Pacific to lead the development and implementation of the bank's sustainability strategy in the region, a memo to staff seen by Reuters showed.

Former Pakistan PM Khan granted bail by anti-terror court

Americans bearing heavy college debt loads welcomed U.S.

Toronto-Dominion Bank and Canadian Imperial Bank of Commerce posted better-than-expected third-quarter profits on Thursday, with the former driven by lower provisions for credit losses (PCL) than anticipated, and the latter's due to better revenues than predicted.

Sri Lanka widens import ban as economic crisis persists

Cash-strapped Chinese developer Shimao Group has proposed a two-class restructuring plan to offshore creditors to repay $11.8 billion over a period of three to eight years, according to two sources with direct knowledge of the matter and a document seen by Reuters.

Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows.

Bangladesh will close schools for one extra day a week and cut office timings by an hour to save power, a government official said on Monday, as the country battles a shortage after shutting down all of its diesel-run power plants.

Trump executive pleads guilty to tax fraud, will testify at upcoming trial

British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed on Friday, but sales volumes look set to resume their decline as households face the highest inflation in 40 years.

Britain's financial watchdog has told firms offering 'buy now, pay later' loans to spell out the cost of late repayments to customers as the UK cost-of-living crisis intensifies.

German utility Uniper reported a net loss of 12.3 billion euros ($12.5 billion) for the first half and warned it would take until 2024 before it could return to profit.

China's central bank is set to take more easing steps, pressured by a shaky economy that is undercutting jobs, but it faces limited room to manoeuvre due to worries over rising inflation and capital flight, policy insiders and analysts said.

Investing in alternative assets could offer portfolio protection from uncertain and volatile markets.

China's central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with cash but lacking in consumer demand and business confidence.