CEN

UK pension funds ask corporates for cash after gilt blow-up -sources

LONDON, Sept 30 (Reuters) – British pension funds with big losses in gilt market derivatives have sought emergency funds from the companies they manage money for as they race to dump assets to raise cash, industry sources said on Friday. Many pension funds were caught out during the surge in bond yields this week that …

UK pension funds ask corporates for cash after gilt blow-up -sources Read More »

Dutch inflation leaps to 17%, boosted by high energy prices

AMSTERDAM, Sept 30 (Reuters) – Inflation in the Netherlands jumped in September to its highest in decades, driven by skyrocketing energy prices, the statistics agency (CBS) said on Friday. Consumer prices, harmonized to be comparable with inflation data from other European Union countries (HICP), rose to 17.1% this month after August’s jump to 13.7%. Energy …

Dutch inflation leaps to 17%, boosted by high energy prices Read More »

Wall Street nosedives on mounting economic growth concerns

S&P 500 index back at near two-year lows Airlines, cruises fall on cancellations due to Hurricane Ian CarMax slumps on missing second-quarter expectations Indexes down: Dow 1.54%, S&P 2.15%, Nasdaq 3.05% Sept 29 (Reuters) – Wall Street tumbled on Thursday on worries of a global economic downturn from aggressive central bank policy and fears that …

Wall Street nosedives on mounting economic growth concerns Read More »

US weekly jobless claims fall to five-month low; Q2 GDP unrevised

Weekly jobless claims drop 16,000 to 193,000 Continuing claims decrease 29,000 to 1.347 million Second-quarter GDP contraction unrevised at 0.6% rate WASHINGTON, Sept 29 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal …

US weekly jobless claims fall to five-month low; Q2 GDP unrevised Read More »

Analysis: Crowd of dollar bulls raises risk of violent pullback

A teller counts US dollars at a money changer in Jakarta, Indonesia May 18, 2015. REUTERS/Nyimas Laula/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 26 (Reuters) – Some investors are growing concerned the dollar’s meteoric rise is setting the stage for a rapid reversal, which would bruise those who …

Analysis: Crowd of dollar bulls raises risk of violent pullback Read More »

Fed officials stare down market volatility, say inflation remains paramount focus

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – US Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping US stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt US investors had …

Fed officials stare down market volatility, say inflation remains paramount focus Read More »

SNAPSHOT Wall Street opens lower on rate-hike, recession fears

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 7, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Wall Street’s main indexes opened lower on Monday as investors worried that the Federal Reserve’s aggressive push to curb inflation …

SNAPSHOT Wall Street opens lower on rate-hike, recession fears Read More »

Japan won’t intervene to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Japan likely won’t intervene in the currency market to defend a line-in-the-sand such as 145 yen versus the dollar, and instead limit any further action …

Japan won’t intervene to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says Read More »