Britain's financial services minister sought to reassure U.S. counterparts on Wednesday that the UK's bout of debt market instability last fall was a one-time event

Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment.

Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.

Tesla shares extended declines to hit their lowest level in more than two years on Wednesday, as investors including a "fanboy" of CEO Elon Musk lashed out at Musk's distraction from the electric car company following his buy of Twitter.

A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how many more will be needed with the economy sliding into recession but inflation still above 10%.

Major stock markets suffered more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession.

BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses.

The dollar crept higher on Wednesday as top executives from the biggest U.S. banks warned of an impending recession, which dampened risk appetite and kept the greenback supported.

As Chinese assets whipsaw around hopes and fears over the country's path out of the pandemic, big offshore investors are slowly leaving the sidelines as they plot a cautious return to one of the year's worst-performing equity markets.

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month.

Germany's Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough.

Political differences remain, with Sunak a conservative Eurosceptic free-marketeer, while Macron is fervently pro-EU and a believer in strong state intervention.

By taking control of Twitter, the eccentric billionaire now wields a nearly untold level of influence.

Britain's ultra-wealthy new Prime Minister Rishi Sunak and his family plan to live in the flat above number 10 Downing Street, despite owning a string of luxury properties including one in London.

With his ascent to prime minister, Rishi Sunak and his wife Akshata Murthy will become the richest ever occupants of Number 10 Downing Street just as the country struggles with an economic crisis and the government mulls painful spending cuts.

Mobileye Global Inc, the self-driving unit of chip maker Intel Corp, raised $861 million in an initial public offering (IPO)

Rishi Sunak said on Tuesday he was not daunted by the scale of the challenge as he became Britain's third prime minister in two months, pledging to restore trust, rebuild confidence and lead the country through an economic crisis.

Sunak's parents may have been born in East Africa, but his cultural affinity lies with his Indian roots.

Elected for the first time to parliament in 2015, Rishi Sunak became Britain's youngest prime minister in more than 200 years on Monday, tasked with steering the country through an economic crisis and mounting anger among some voters.

Boris Johnson and his former finance minister Rishi Sunak were leading potential contenders to replace British Prime Minister Liz Truss on Friday, with candidates canvassing support to become Conservative Party leader in a fast-tracked contest.

U.S. stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which lifted optimism about the corporate earnings season.

Britain's new finance minister Jeremy Hunt faces an early test of his attempt to stem the crisis of confidence in Prime Minister Liz Truss on Monday when the bond market delivers its verdict on his weekend overhaul of her economic programme.

The world's central bankers are caught up in a race to curb inflation that only the Federal Reserve can stop.

U.S. stock indexes futures pared losses on Thursday, with Nasdaq futures briefly turning positive after data showing an increase in weekly jobless claims suggested the Federal Reserve may need to ease its aggressive monetary tightening cycle.

Britain's battered pound will be around 3.6% stronger in a year, according to a Reuters poll in which analysts were divided, however, on whether the currency would reach parity with the U.S.

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.

Foreigners resumed selling in Asian equities ex-China stocks in September as investors were deterred by U.S.

Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.

Poland's central bank is expected to raise its main interest rate by 25 basis points to 7.00% on Wednesday, a Reuters poll showed, as rising inflation forces policymakers to continue tightening despite the risks of an economic slowdown.

Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand.