UK economic rebound eases recession fear before budget
The UK economy has returned to growth, data showed Friday, easing fears of an inflation-induced recession as the government readies next week's budget against the backdrop of a cost-of-living crisis.
Global shares edge higher ahead of U.S. inflation data, yen firms
Global shares edged higher on Tuesday, tracking a rebound on Wall Street ahead of a key U.S.
Investors call on five European banks to end new oil and gas finance
European banks risk jeopardising the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday.
ECB to raise rates again and face questions about future path
The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be.
Rising interest rates have a sting in the tail for Europe's banks
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail.
Global stocks tepid before U.S. jobs test; dollar stands tall
Global equities traded sideways and the dollar bounced as investors braced for a crucial U.S.
What investors watch out for in emerging markets in 2023
It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike - though many investors are optimistic that 2023 could bring some relief.
Deutsche bank, Rabobank hit with EU antitrust charge over bond cartel
Deutsche Bank and Rabobank were charged by EU antitrust regulators on Tuesday of taking part in a government bond cartel, the latest move against a sector which has racked up millions of euros in fines for various competition violations.
Deutsche Bank warns of peril in borrowing from U.S. banks
Germany's Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough.
Bankers pour cold water on red hot coal
It's the best of times, it's the worst of times. At least when it comes to mining coal.
UK bond dealers see jump in gilt issuance for 2023/24
Bond dealers expect Britain to trim debt issuance plans for the current financial year, compared with those made just after September's "mini-budget", but see a big jump in issuance next year, a Reuters poll showed on Wednesday.
Bank of England poised to raise rates by most in 33 years
The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak.
Barclays beats forecast on trading boom, but bad loan charges rise
Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges.
Deutsche Bank net profit soars five-fold in Q3
Germany's biggest lender Deutsche Bank on Wednesday said its third-quarter net profit had risen more than five-fold year-on-year, far better than expected, as a restructuring programme bears fruit.
Global economy approaching a recession, central banks unchained - Reuters poll
The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down persistently-high inflation.
World Central Banks Caught In The Fed's Slipstream
The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.
Saudi Wealth Fund Gets Almost $18 Billion Demand For Debut Green Bonds
Saudi Arabia's Public Investment Fund has received more than $17.85 billion in demand for its debut bond sale, a bank document showed on Wednesday, in what will be the first green bond deal by a sovereign wealth fund, expected to raise billions of dollars.
UK's Kwarteng tries to reassure bankers, gets nervous response
British finance minister Kwasi Kwarteng sought to reassure investment bank executives on Wednesday the government had sound fiscal plans, in the face of a meltdown in British assets.
Britain's market rout stokes contagion fears around the globe
The scale and speed of the sell-off in British assets has jolted world markets, raising concern about contagion as chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere.
Europe's STOXX 600 climbs 1% after three-day selloff; Nexi shines
Europe's STOXX 600 index rose on Tuesday, led by automakers and travel stocks following a three-day selloff triggered by global recession fears, while Italian payments group Nexi topped the benchmark index on a strong business outlook.
Fed Set For Big Rate Hike As Waters Get Choppy For World's Central Banks
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
Analysis: Price Hikes Test Inditex's Ability To Stay In Fashion
Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying off so far, but it and other fashion retailers have to be careful not to overdo it with further hikes that may scare away shoppers, analysts said.
Bank of England to raise rates by 50bps again to tame inflation: Reuters poll
The Bank of England looks set to hike borrowing costs by another 50 basis points next week, although it may opt for an even bigger move, a Reuters poll found, adding to the woes of indebted households already facing a cost of living crisis.
BlueBay Among Bears Unnerved By Latest Yen Slide
The precipitous slide in Japan's currency has run so far and fast it's spooking big investors, and some are cutting bets that it will decline further, anticipating policymakers may soon step in to try and arrest the freefall.
Analysis-Sterling returns to the 1980s, and it may get cheaper still
Sterling's slide against the dollar to a rate last seen in 1985 has sparked talk of a dramatic spiral downwards that ends in a collapse in confidence in British assets and a balance of payments crisis.
BoE says Truss plans could slow inflation, too soon to talk about rates
Britain's surging inflation could slow if new Prime Minister Liz Truss helps households and businesses cope with rocketing energy costs, but it is too soon to say what that will mean for interest rates, the BoE's chief economist said.
New UK leader Liz Truss finalises huge power subsidy plan
Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.
Murmurs Of 'Sterling Crisis' No Longer Fanciful: Mike Dolan
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.
Analysis-Europe's Banks Dim Lights As They Brace For Winter Blackout
Some of Europe's biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region's economy.
Markets brace as UK's new PM readies 'bold' economic action
Undaunted, Truss declared from the steps of 10 Downing Street Tuesday that tax cuts would indeed form part of her package to address economic turmoil stoked by Russia's war in Ukraine and the pandemic aftermath.