Credit Suisse shares slip despite steps taken to ease investor concerns

Credit Suisse shares slip despite steps taken to ease investor concerns

Credit Suisse caught in market turmoil ahead of overhaul Shares fell 10% in early trading on Monday The Bank’s euro-denominated bonds hit historic lows Swiss bank says its capital and liquidity are strong ZURICH, Oct 3 (Reuters) – Shares of Credit Suisse (CSGN.S) fell 10% on Monday, reflecting market concerns ahead of a restructuring plan … Read more

Pound jumps after UK tax cut rescinded, oil climbs higher

Pound jumps after UK tax cut rescinded, oil climbs higher

TOKYO, Oct 3 (Reuters) – Oil surged on Monday as OPEC+ considered cutting output at its meeting later this week, while the pound appreciated after the British government announced it would would undo a controversial tax cut that had rocked UK markets. Asian stocks mostly fell over the holidays, although Japanese markets found support from … Read more

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to … Read more

UK pension funds ask companies for money after gilding explosion – sources

UK pension funds ask companies for money after gilding explosion – sources

LONDON, Sept 30 (Reuters) – British pension funds that are posting big losses on gilt market derivatives have demanded emergency funds from the companies they manage money for as they rush to dump assets to raise cash, industry sources said on Friday. Many pension funds were caught off guard when soaring bond yields this week … Read more

Bed, Bath & Beyond Investors Watch Commodity Mix Amid Falling Sales

Bed, Bath & Beyond Investors Watch Commodity Mix Amid Falling Sales

NEW YORK, NY, Sept 28 (Reuters) – Investors at Bed Bath & Beyond (BBBY.O) will be watching the home goods retailer’s second quarter results closely on Thursday for clues on how customers are reacting to its merchandise overhaul. The holiday season will be Bed Bath & Beyond’s “decisive time” to show shoppers that its new … Read more

Bank of England seeks to stem bond market turmoil after tax cut storm

Bank of England seeks to stem bond market turmoil after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Moody’s: the economic plan is “negative for growth” 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 a firestorm in Britain’s bond … Read more

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the … Read more

Crawling dollar pauses for breath as bears stalk stocks

Crawling dollar pauses for breath as bears stalk stocks

Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 27 (Reuters) – Asian markets tried to stabilize on Tuesday after a wild few days in which most assets except the dollar fell, the greenback easing a bit and stocks stagnant. The pound, which slumped to a record low of $1.0327 on Monday, … Read more

Pound tumbles as investors fly to dollar

Pound tumbles as investors fly to dollar

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more

Exclusive: Italy and Intel choose Veneto as the preferred region for their new chip factory

Exclusive: Italy and Intel choose Veneto as the preferred region for their new chip factory

The Intel Corporation logo is seen in a temporary office during the 2022 World Economic Forum (WEF) in the alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File Photo Join now for FREE unlimited access to Reuters.com Register Intel to Build Advanced Packaging and Assembly Site in Italy Draghi’s successor will have a say … Read more