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Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

BOJ keeps ultra-low rates, dovish policy guidance Japan’s FX diplomat said took ‘decisive’ action Confirmation of intervention sends dollar sliding over 2% Analysts doubt whether Tokyo can keep propping up yen Bank of Canada says did not help BOJ TOKYO, Sept 22 (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy …

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Bank of England raises rates to 2.25%, despite likely recession

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 22 (Reuters) – The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy entering recession. The BoE estimates Britain’s economy will shrink 0.1% in …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.com Register Dollar index at two-decade high Euro slides back toward two-decade lows Putin announces partial troop mobilization for Ukraine Markets gauging Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected …

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Stocks fall, bonds and gold gain as Russia threats add to Fed jitters

Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 21 (Reuters) – Stocks fell, while safe havens such as government bonds and the dollar rose, as anxious investors fled risk assets after Russian President Vladimir Putin on Wednesday ordered a mobilization over Ukraine and accused the West of “nuclear blackmail” . European currencies …

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Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures …

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Dark pageantry at funeral for Britain’s Queen Elizabeth

Monarchs and leaders gather in London for queen’s funeral Thousands line streets for display of pomp and pageantry Queen Elizabeth was widely revered in Britain and beyond Her death comes as Britain faces risk of economic crisis LONDON, Sept 19 (Reuters) – Leaders and royalty gathered in London on Monday to mourn Queen Elizabeth amid …

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Stocks tense, dollar bullish for central bank binge

Passersby wearing protective face masks walk past a stock quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slip, Nikkei futures down Fed leads pack of central bank meetings Market leaning toward 75 bp from Fed, PBOC eases Dollar firm near …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where …

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William and Harry stand vigil with cousins ​​at queen’s coffin

Queen Elizabeth’s grandchildren hold vigil Line to see queen’s coffin stretches for 11 hours World leaders start arriving in London for funeral LONDON, Sept 17 (Reuters) – Princes William and Harry stood vigil at either end of the coffin of their grandmother Queen Elizabeth on Saturday, heads bowed as a line of mourners streamed past …

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