Lola’s honeymoon ends with markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s honeymoon with markets appeared to be over on Thursday, as investors grew impatient with his desire to boost social spending without setting long-term fiscal rules or naming top economic policymakers. Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP) Both jumped last week after Lula … Read more

Booming Wall Street boosts global and European stocks; oil slices

WASHINGTON/LONDON (Reuters) – Global and European stocks rose on Friday as Wall Street extended gains on hopes that some central banks will slow down in raising interest rates. Commodity prices took a hit from the strength of the US dollar. Oil prices fell after China, the largest importer of crude, expanded its restrictions on the … Read more

The default in South Korea’s Legoland indicates broader pressures in the bond market

SEOUL (Reuters) – A missed bond repayment by a South Korean theme park developer has shaken up the country’s financial markets and raised concerns about the possibility of a credit crunch similar to the one that plunged China’s real estate market and economy into crisis. . South Korea’s central bank and financial regulators scrambled this … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

As Britain’s Truss struggles to get a job, a new finance minister says she’s made mistakes

Truss fired his finance minister on Friday New Chancellor Hunt warns against making tough decisions Bank of England’s Bailey says he agrees with Hunt about the need to fix finances Some conservative lawmakers say Truss will be ousted LONDON (Reuters) – Britain’s new finance minister Jeremy Hunt said on Saturday some taxes would rise and … Read more

Asia stumbles with coronavirus outbreak in China, volatility in sterling shakes sentiment

SINGAPORE (Reuters) – Asian shares slumped to two-year lows on Wednesday, dragged down by signs that China had no immediate plans to ease tough restrictions on the spread of the coronavirus, while a relentless rise in the dollar and volatility in the British bond market and the pound rattled global investor sentiment. . After a … Read more

Truss defends her economic plan as UK Conservatives gather

The Prime Minister defends the economic plan, saying it is correct He also tries to reassure the audience Kwarteng says he made a decision about the higher tax rate BIRMINGHAM, England (October 2) (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday that she should have done … Read more

Analysis: Underwater: How the Bank of England has delivered a lifeblood to the markets

Bank of England bought bonds after pension fund pleas Some UK pension funds have faced problematic margin calls BoE support is seen as giving an opportunity to build collateral The British government’s unfunded tax plan scared the markets LONDON/NEW YORK (Reuters) – Calls from the Bank of England began on Monday saying some British pension … Read more