Dollar gains as investors see Fed stance likely unchanged; euro, sterling fall

Dollar gains Sterling falls after rising for six sessions NZ move dims hopes of slowdown in rate rises globally NEW YORK, Oct 5 (Reuters) – The dollar rebounded from recent weakness on Wednesday as investors viewed the US Federal Reserve’s aggressive stance on interest rates as likely unchanged, with the euro and sterling down at … Read more

Morning Bid: Not so fast – Reuters

Morning Bid: Not so fastReuters Stocks making the biggest moves in the premarket: Tesla, Ford Motor, Goldman Sachs and moreCNBC Dow Jones Futures Fall After Market Rally On Fed Hopes; Musk-Twitter Saga Isn’t Over Yet | Investor’s Business DailyInvestor’s Business Daily Morning Bid: Retweet or like?Reuters Top stocks trending after hours: Twitter, Amylyx Pharmaceuticals, AutoZone, … Read more

Exclusive: Banks divert gold supply from India to China, Turkey

MUMBAI, Oct 4 (Reuters) – Gold-supplying banks have cut back shipments to India ahead of major festivals in favor of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters. That could create scarcity in the world’s second-biggest market for gold, and force Indian … Read more

UK to propose asylum ban on English Channel migrants

Conservative government wants to tighten immigration rules Pressure builds to deal with small boat crossings Charity Care4Calais calls government plans ‘barbaric’ BIRMINGHAM, England, Oct 4 (Reuters) – British interior minister Suella Braverman set out plans on Tuesday for new powers which would ban migrants who cross the English Channel from claiming asylum and said it … Read more

London’s Battersea Power Station reborn as an office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Sterling drops 1% as PM Truss defends economic plans

LONDON, Sept 29 (Reuters) – Sterling fell as much as 1% on Thursday after British Prime Minister Liz Truss defended economic plans that have triggered chaos in the country’s markets. Truss said big tax cuts were the right path for Britain and refused to consider reversing the so-called “mini budget” laid out last week. The … Read more

Morning Bit: Stress buster | Reuters

A look at the day ahead in US and global markets from Mike Dolan The new quarter seems to have defused some of the tension in world markets over recent weeks, helped by something of a rethink on just how hard central banks are willing to squeeze credit into mounting financial and economic stress. Futures … Read more

Tight global oil supply can’t be reversed easily, Shell, Aramco CEOs say

LONDON, Oct 4 (Reuters) – The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’s Chief Executive saying investments will not shift because prices are high . “(The market is) focusing on what will happen to … Read more