UK bond market sell-off heaps pressure on Reeves
By William Schomberg LONDON (Reuters) – Rachel Reeves is facing her first major test as Britain’s finance minister after the government’s borrowing costs jumped sharply this week and the pound…
Economy
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PIMCO says it still likes UK gilts, chances of fiscal contraction growing
By Harry Robertson LONDON (Reuters) – PIMCO, one of the world’s largest bond investors, said it is still positive about UK government bonds amid a steep market-sell off, adding that…
Shanghai kicks off plan to allow foreign-owned hospitals
HONG KONG (Reuters) – Shanghai has kicked off a plan to allow the establishment in China of wholly foreign-owned hospitals in key economic zones, biopharmaceutical areas and downtown districts that…
Column-Fed can soothe Trump or Treasuries, not both: Mike Dolan
By Mike Dolan LONDON (Reuters) – Extreme bond market agitation has put the Federal Reserve in a bind. It can either cool long-term inflation fears or acquiesce to President-elect Donald…
Asian FX bears firm as US rates, Trump tariff threats stay in focus: Reuters poll
By Himanshi Akhand (Reuters) – Bearish bets on most Asian currencies climbed to multi-month highs as prospects of fewer U.S. interest rate cuts this year continued to boost dollar demand,…
German exports, industrial production rise more than expected
(Reuters) – German exports rose thanks to strong demand from countries outside the EU and industrial production rose more than expected in November, data from the statistics office showed on…
Philippine cbank has room to further ease policy, governor says
MANILA (Reuters) – The Philippine central bank has room to ease monetary policy, its governor said on Thursday, following this week’s data showing annual inflation stayed within its 2% to…
Musk discussed ways to oust British PM Starmer before next election, FT reports
(Reuters) -Billionaire Elon Musk has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on…
Morning Bid: Britain at centre of bond market storm
A look at the day ahead in European and global markets from Kevin Buckland The British bond market has become the focus of global investor attention, for some unenviable reasons.…
Foreigners turn net sellers of Japanese stocks, lock in 2024 gains
(Reuters) – Foreign investors net sold Japanese stocks in the week ended Jan. 4, taking advantage of 2024 gains while aiming to reduce risks amid an unusually long market closure.…