Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens

NEW YORK, Sept 28 (Reuters) – Oil prices rose for the second day on Wednesday, rebounding from recent losses as the U.S. dollar slowed its recent gains and U.S. fuel inventory figures showed larger than expected declines and a rebound in consumer demand. Brent crude futures settled down $3.05, or 3.5%, at $89.32 a barrel. … Read more

Bank of England moves to calm bond market rout after tax cut storm

BoE starts buying bonds, delays gilt sales IMF ‘does not recommend’ policies like UK growth plan Fin min Kwarteng and PM Truss criticized for their politics The British Pound is trading down 0.7% at $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Reuters) – The Bank of England sought to quell the firestorm in … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – The pound fell against the dollar on Wednesday before paring losses after the Bank of England (BOE) said it would intervene to support the gilt market, and the The dollar index hit a new 20 Trading at a year high was volatile. The BOE said it would buy as … Read more

S&P 500 sinks to two-year low as bear market deepens

S&P 500 lowest since November 2020 Utilities and consumer discretionary sectors lead declines Investors worried about slowing corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% Sep 27 (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers … Read more

World stocks edge above Nov 2020 lows, sterling recovers some ground

Join now for FREE unlimited access to Reuters.com Register The dollar has eased since its 20-year highs reached on Monday German 10-year bond yields hit near 11-year highs Oil rebounds from Monday’s nine-month lows LONDON/HONG KONG, Sept 27 (Reuters) – Global stocks rebounded on Tuesday after hitting a 21-month low and the pound rebounded after … Read more

Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

A casino dealer collects chips at a roulette table in Pasay City, Metro Manila, the Philippines March 27, 2015. REUTERS/Erik De Castro Join now for FREE unlimited access to Reuters.com Register MANILA, Sept 26 (Reuters) – The Philippines will shut down the operations of 175 offshore gambling companies and expel around 40,000 Chinese workers, a … Read more

Oil prices fall for a second day on concerns for expected recession

The pattern of oil barrels is seen in front of the rising stock market chart in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register September 26 (Reuters) – Oil prices fell for the second day on Monday on fears of lower fuel demand due to an expected … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

A woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Join now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – The pound sterling fell to a record low on Monday as traders rushed for the exits on the belief that the new government’s economic plan would … Read more

Sterling collapses as investors fly into dollars

Join now for FREE unlimited access to Reuters.com Register The pound sterling hits a record high; risk of reaction from the BOE Euro down 1%; The Aussie, Kiwi and Yuan hit multi-year lows S&P 500 futures fall 0.6% SYDNEY, Sept 26 (Reuters) – The pound fell to a record high on Monday, sparking speculation of … Read more

Sunwing union opposes Canadian carrier’s plans to hire foreign pilots

Canada’s Liberal Prime Minister Justin Trudeau makes an announcement inside the Sunwing Airlines hangar during his campaign tour in Mississauga, Ontario, Canada, September 3, 2021. REUTERS/Carlos Osorio/File Photo Join now for FREE unlimited access to Reuters.com Register September 25 (Reuters) – The pilots’ union at Sunwing Airlines said it was urging the Canadian government to … Read more