Markets
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“This is going to hurt”
“I wish there were a painless way. There isn’t.” Federal Reserve Chair Jay Powell said this to reporters when the…
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Market alarm tests Kwarteng’s will
Investors are alarmed at the scale and speed of the drop in UK markets after Kwasi Kwarteng revealed his growth…
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Pound tumbles below $1.09 after Kwarteng’s £45bn tax cut package
Sterling tumbled against the dollar to below $1.09, hitting its lowest point since 1985, after UK chancellor Kwasi Kwarteng on…
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Global stocks fall for second straight week as central banks raise rates
Global stocks have sold off for a second straight week, weighed down by concerns over higher interest rates and the…
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Historic sell-off in bonds shows how the investor mood has darkened
The five stages of grief are denial, anger, bargaining, depression and acceptance. For investors, the five stages of a bear…
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Pressure rises on stablecoin to deliver on original promise
When stablecoins emerged in the crypto world, they were touted as answer to the inherent volatility of many digital assets.…
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‘Bloodbath’: Citrix buyout debt sale casts shadow over pending deals
Banks lost $600mn this week when they closed the largest corporate junk bond sale of 2022. Yet the financial damage…
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Investors warn Kwarteng that fiscal plan threatens markets’ confidence in UK
Investors have warned UK chancellor Kwasi Kwarteng that the bonanza of tax cuts and spending measures he announced on Friday…
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Rees-Mogg’s Somerset Capital prepares for second act
Three years after Somerset Capital Management rejected a bid of up to £90mn it is in sale talks again at…
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Investors pile into insurance against further market sell-offs
Investors are buying record amounts of insurance contracts to protect themselves from a sell-off that has already wiped trillions of…