Price control starts April 1 The proposals are subject to statutory consultation Should increase the use of renewable energy Green energy would be supported by nuclear, hydrogen LONDON, Nov 30 (Reuters) – Britain’s energy watchdog has proposed price controls for electricity distribution companies for the next five years, which it says will boost investment in …
UK energy watchdog proposes electricity price checks Read More »
NEW YORK, Nov 16 (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secret” and created another variable for markets that some say investors, remains a low priority for now. Trump, who has launched relentless attacks on the integrity of the American vote since his defeat …
Trump’s 2024 presidential bid breathes new life into markets Read More »
LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the global economy could catalyze a rebound in global markets that many investors believe is too late – but could also raise other uncomfortable puzzles. Whispers about an endgame to Russia’s 9-month-old invasion of Ukraine – suggestions ranging from ‘talking talks’ to a brokered …
Column: Ukraine endgame could electrify global markets Read More »
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to break away from stock markets. The cryptocurrency, which has been closely correlated to tech stocks for much of its torrid 2022, is staging one of its biggest efforts yet to break loose. Its 30-day correlation with the Nasdaq (.IXIC) slipped to 0.26 …
Cryptoverse: Bitcoin wants to break its link with stocks Read More »
LONDON, Nov 1 (Reuters) – Deutsche Boerse’s derivatives division (DB1Gn.DE) stepped up efforts on Tuesday to attract a larger tranche of multi-trillion-euro derivatives cleared from London to its Frankfurt base ahead of legislation expected from the European Union. Brussels compared the need to reduce the EU’s heavy reliance on London for euro derivatives clearing since …
Frankfurt steps up efforts to move euro clearing from London Read More »
A major overhaul aims to restore confidence in the bank CEO says “we have to get it right” Stocks fall as much as 16% ZURICH, Oct 27 (Reuters) – Credit Suisse (CSGN.S) plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and refocus from banking to Investing in Wealthy …
Credit Suisse seeks billions from investors in landmark shakeup Read More »
Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …
Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging Read More »
LONDON/WASHINGTON, Oct 23 (Reuters) – The failure to secure meaningful progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington has frustrated policy makers, activists and investors. Two years ago, the Group of 20 launched the Common Framework – a mechanism designed …
Analysis: Poor countries at risk from elusive G-20 debt relief push Read More »
LONDON, Oct 18 (Reuters) – Veteran hedge fund manager John Taylor describes one of his favorite Gary Larson cartoons, where a vulture sitting on an animal carcass says to another as others descend: “Good friends arriving from everywhere…is the best of times”. There is, he jokes, a resemblance to the hedge funds currently surrounding the …
Turbulent markets bring currency hedge funds out of a decade of slumber Read More »
LONDON, Oct 14 (Reuters) – British Prime Minister Liz Truss and new finance minister Jeremy Hunt will need to do more than Friday’s U-turn on corporation tax to restore Britain’s credibility with the markets financial after three deadly weeks. Truss and Hunt, a former foreign secretary, will see October 31 – the date of the …
