London CNN Business — The US Treasury bond market, worth around $24 trillion, is considered the largest in the world. Its smooth operation has a direct impact on both America’s ability to run its government and the health of the wider financial system, which depends on traders’ view that US debt is a safe bet. …
Debt ceiling fights are nothing new. The Next Could Trigger ‘Armageddon’ Read More »
London CNN Business — The decision by Jeremy Hunt, Britain’s new finance minister, to scrap the bulk of Prime Minister Liz Truss’ much-maligned plans to boost growth has been a huge relief for investors, allaying concerns about fiscal sustainability public. But even if “Trussonomics” has been thrown out and a total market meltdown has been …
London CNN Business — Britain’s new finance minister on Monday announced a full retreat on British government tax and spending plans in a frantic effort to rein in jittery markets. Just four days into his job, Jeremy Hunt said he would roll back nearly all tax measures announced three weeks ago, including a proposal to …
London CNN Business — After a deadly three-week battle with bond markets, British Prime Minister Liz Truss conceded defeat on Friday. She fired her finance minister and undermined her economic program by promising to reinstate a steep corporate tax hike. Truss said she acted in the national interest to ensure economic stability and “reassure markets …
Liz Truss was beaten by the bond market. Investors are not yet satisfied Read More »
London CNN Business — The Bank of England is scrambling to contain a crisis triggered by the UK government’s impetuous plans to borrow massively to pay for tax cuts, fueling fears that the country’s financial markets could once again spiral out of control. Almost 20 days after Finance Minister Kwasi Kwarteng unveiled his much-criticized plan …
UK pensions: There’s no quick fix to the market mess Read More »
London CNN Business — Pension funds are designed to be dull. Their singular goal – to earn enough money to make payments to retirees – favors cool heads over brash risk-takers. But as UK markets went haywire last week, hundreds of UK pension fund managers found themselves at the center of a crisis that forced …
How a Sleepy Corner of the Market Nearly Triggered a Crash Read More »
