• 2
    0

    NEW YORK, Sept 30 (Reuters) – In a year of wild market swings, the third quarter of 2022 was a time when events took a truly extraordinary turn. As the Federal Reserve ratcheted up its monetary policy tightening to tame the worst inflation in decades, U.S. Treasury yields shot to their highest levels in more ...
  • 1
    0

    SNB halted foreign currency purchases to curb franc strength Sold 5 million Swiss francs worth of foreign currency in Q2 SNB spent 353 billion francs in 7-1/2 years on forex Policy seen as success by economists ZURICH, Sept 30 (Reuters) – The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign ...
  • 5
    0

    LONDON, Sept 30 (Reuters) – European stocks were a touch higher on Friday as government bond yields pulled back from recent peaks, but higher-than-expected inflation continued to weigh on markets. After a week of market turmoil in which recession fears sapped stocks and currency markets were rocked by dollar strength, Asian shares fell on Friday ...
  • 1
    0

    SINGAPORE, Sept 30 (Reuters) – Singapore’s Temasek Holdings (TEM.UL) said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” ...
  • 1
    0

    Pound rallies after 1% fall as PM defends economic plan BoE buys gilts for 2nd day Euro up vs dollar; German inflation soars Japan signals readiness to intervene in FX again NEW YORK, Sept 29 (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank ...
  • 3
    0

    FTSE 100 down 1.8%, FTSE 250 slides 3.1% Next’s slides on outlook cut Synthomer plunges after lowering annual profit outlook Sept 29 (Reuters) – London stocks sank on broad-based losses on Thursday, with the mid-caps index plunging 3.1%, as worries about fallout from the government’s new economic plan continued to roil markets. Relief from emergency ...
  • 2
    0

    DUBAI, Sept 28 (Reuters) – The UAE and Oman are exploring investment opportunities worth 30 billion dirhams and will increase bilateral economic cooperation in strategic sectors, according to a statement released during President Sheikh Mohammed bin Zayed’s visit to the Sultanate. Considered one of the Gulf’s weaker economies, increased trade and investment support from a ...
  • 2
    0

    ISLAMABAD, Sept 28 (Reuters) – Ishaq Dar, Pakistan’s new finance minister, has strongly favoured intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF) programme. Dar, a seasoned politician and chartered accountant, was sworn in on ...
  • 3
    0

    Francois Villeroy de Galhau, Governor of Banque de France, attends the Paris Europlace International Financial Forum in Paris, France, July 12, 2022. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, Sept 27 (Reuters) – Policymakers need to be careful to avoid adding to uncertainty wracking financial markets and spurring volatility, ...
  • 2
    0

    U.S. President Joe Biden delivers remarks at a Democratic National Committee event at the National Education Association headquarters in Washington, U.S., September 23, 2022. REUTERS/Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 27 (Reuters) – A group of lawmakers including House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer and ...