Global risks to keep BOJ from adjusting yield cap next year – ex-c.bank executive

BOJ must eventually ditch YCC, move to zero-rate policy – Momma Wage, economic strength key to when BOJ ends current policy US recession risk likely to keep BOJ from acting next year TOKYO, Nov 24 (Reuters) – Growing risks of a global economic slowdown will likely prevent the Bank of Japan (BOJ) from phasing out … Read more

U.S. COVID public health emergency to stay in place

WASHINGTON, Nov 11 (Reuters) – The United States will keep in place the public health emergency status of the COVID-19 pandemic, allowing millions of Americans to still receive free tests, vaccines and treatments, two Biden administration officials said on Friday. The possibility of a winter surge in COVID cases and the need for more time … Read more

Oil edges lower on China demand pressures; market awaits US inflation data

MELBOURNE, Nov 10 (Reuters) – Oil extended losses on Thursday for a fourth consecutive session, as renewed COVID curbs in China, the world’s biggest crude importer, weighed on the market and traders await US inflation data for clues on further interest rate increases. Brent crude futures fell 41 cents, or 0.4%, to $92.24 a barrel … Read more

Oil prices loose ground as market jittery over demand risks

Oct 13 (Reuters) – Oil prices struggled to find a footing on Thursday after easing in the previous session on a weakening global demand outlook. Brent crude futures fell 7 cents, or 0.1%, to $92.38 a barrel by 0650 GMT. US West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel. … Read more

Asia stumbles as China COVID, sterling wobbles shake sentiment

SINGAPORE, Oct 12 (Reuters) – Asian stocks wallowed at two-year lows on Wednesday, weighed by signs China had no immediate plans to ease strict COVID curbs while an unrelenting dollar rally and wobbles in the UK bond market and pound shook global investor sentiment . After a torrid overnight session, sterling emerged from a two-week … Read more

Analysis: Under water: how the Bank of England threw markets a lifeline

Bank of England bought bonds after pension fund pleas Some UK pension funds faced problematic margin calls BoE support seen as giving window to build collateral British government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England saying some British pension funds were struggling to meet margin … Read more

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

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the … Read more

Box Office: ‘Top Gun: Maverick’ Debuts to Stratospheric $124 Million

LOS ANGELES, May 29 (Variety.com) – Tom Cruise may have pulled off one of the most daring stunts of his career — getting audiences to go to the movies for something that doesn’t involve superheroes. “Top Gun: Maverick” pulled into blockbuster ticket sales in its opening weekend, collecting $134 million from a record 4,732 North … Read more

Global shares fall on fears of global economic slowdown

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 12, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register World stocks drop to 1-1/2 yr low, down almost 20% YTD Europe down over 2%, US equity futures struggle Dollar hits 2yr highs, accelerates … Read more

Dollar dips, US stocks tumble on inflation concerns

A broker looks at a graph on his computer screen on the dealing floor at ICAP in London, Britain January 3, 2018. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com register World stock index off, eyes weakest month since March 2020 US stocks weighed down by inflation, Amazon earnings Dollar dips on the … Read more