Hedge Funds Mounted Bearish UK Bets As Truss Became PM
In the first half of September bets against sterling posted the biggest two-week rise since 2013, a sign that hedge funds may have ramped up short positions just as Liz Truss became Britain's new Prime Minister.
Lowered Profit Forecasts Raise Concerns On Shaky Wall Street
Recent profit warnings from bellwether companies like Ford Motor Co, may signal more challenges ahead for corporate America, increasing wariness for investors as the stock market deepens its sell-off.
GEO Group Wins Legal Challenge To California Ban On Private Immigrant Prisons
A U.S. appeals court on Monday struck down California's ban on privately-run immigrant detention centers in a challenge brought by private prison operator GEO Group Inc and the Biden administration.
Exclusive-IDB Governors Oust Trump Nominee Claver-Carone After Investigation
The governors of the Inter-American Development Bank (IDB) voted on Monday to fire Mauricio Claver-Carone, a person with knowledge of the vote said, after an investigation showed the only American president in the bank's 62-year history had an intimate relationship with a subordinate.
Monte Dei Paschi Capital Talks Enter Final Stretch After Italy Vote
Monte dei Paschi di Siena faces a tight schedule to secure cornerstone shareholders for a share sale of up to 2.5 billion euros ($2.4 billion) after an election pause during which investors were non-committal ended on Monday.
Lebanon Parliament Passes 2022 Budget That Falls Short Of IMF Reform
Lebanon's parliament passed the 2022 budget on Monday using an exchange rate for customs tax revenues that lies far below the market value of the Lebanese pound, falling short of economic reform measures that would pave the way for an IMF deal.
A Tale Of Two Cities As Londoners Mourn, Tourists Cheer Pound's Slide
As a drizzle fell over a grey autumnal London, and the pound plummeted on traders' screens, U.S.
Market Chaos Forces UK Lenders To Pull Mortgage Products
Turmoil in British financial markets forced mortgage lenders to temporarily withdraw and reprice products for new customers on Monday, a real-world consequence of the market volatility thrown up by finance minister Kwasi Kwarteng's mini-budget last week.
Hurricane Ian To Bring Devastating Winds To Cuba
Hurricane Ian is expected to hammer western Cuba late in the day with heavy winds and rain and a potentially life-threatening storm surge after strengthening overnight from a tropical storm, the National Hurricane Center (NHC) said on Monday.
Russian Oil Diversion Post-EU Sanctions To Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
Fed's Collins Sees Inflation Fight Costing Jobs; Recession Not Inevitable
The Federal Reserve's need to bring down unacceptably high inflation will cause the jobless rate to rise but a recession is not inevitable, Boston Fed President Susan Collins said in her maiden public speech on Monday.
GSK Selects Burberry's Brown As Its First Female CFO
Britain's GSK has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business.
Central African Republic Seleka Militia Leader Pleads Not Guilty At ICC
A suspected leader of the Seleka militia groups in the Central African Republic, Mahamat Said Abdel Kani, pleaded not guilty on Monday to charges of war crimes and crimes against humanity at the opening of his trial at the International Criminal Court.
Many In Bosnia Doubt Elections Will Tackle Dysfunctional Economy
With nationalist rhetoric dominating the campaign for Bosnia's Oct.
Wall Street Eyes Lower Open On Rate Hike, Recession Worries
U.S. stock indexes headed for a lower open on Monday as investors worried that the Federal Reserve's aggressive push to curb inflation may tip the country's economy into recession.
Sheikh Qaradawi, Islamist Champion Of Arab Revolts, Dies At 96
Sheikh Youssef al-Qaradawi, a spiritual guide to the Muslim Brotherhood who championed the 2011 Arab Spring uprisings and unsettled rulers in Egypt and the Gulf with his Islamist preaching, died on Monday.
Analysis-Australia - A Land Of Promise And Hurdles For Offshore Wind Developers
Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark's Orsted and Norway's Equinor.
U.S., Britain Seek U.N. Human Rights Debate On China's Xinjiang
The United States, Britain and other countries are calling for a debate at the U.N.
Volkswagen Teams Up With Umicore On Battery Materials
Volkswagen announced on Monday a $2.9 billion battery parts joint venture with Belgian materials firm Umicore, becoming the latest European automaker to bring battery supplies closer to home in the shift towards electric vehicles.
Hong Kong's Cardinal Zen Goes On Trial Over Protest Charity Fund
Cardinal Joseph Zen, 90, one of the most senior Catholic clerics in Asia, and five others were accused on Monday by government prosecutors of using a now-disbanded charity fund for pro-democracy protesters as a front for "political activities".
Group Of Countries To Push EU For Gas Price Cap -letter
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters.
U.S. Farmers Urge Washington To Challenge Mexico's Looming Ban On GM Corn
Farmers in the United States are urging their government to challenge a looming Mexican ban on genetically modified (GM) corn under a regional free trade agreement, warning of billions of dollars of economic damage to both countries.
KKR-led $13 Billion Buyout Of Australia's Ramsay Health Collapses
A KKR & Co Inc led group has withdrawn a A$20 billion ($13 billion) bid for Australian hospital operator Ramsay Health Care after talks hit a stalemate, killing Australia's biggest deal of the year and sending the target's shares tumbling.
APPEC-Oil Stocks To Rise On Slower Demand, OPEC Cuts Needed To Bolster Prices
Global oil stocks are set to rise next year amid weakening demand and a stronger U.S.
Sterling Sinks To New Low As 'Mini Budget' Hits Investor Faith In UK Markets
The pound plunged to a record low against the dollar early on Monday and British bonds were slammed on concerns over the government's fiscal plan, unleashing calls for the Bank of England to deliver an immediate rate hike to restore investor confidence.
Berlusconi Bounces Back With Return To Italy's Parliament
The Italian right-wing coalition's resounding victory in Sunday's general election marks a return to parliament for former premier Silvio Berlusconi, nine years after he was kicked out over a tax fraud conviction.
Droughts, Ukraine War Push Global Grain Stocks Toward Worrying Decade Low
The world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine, as the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data.
Twitter To Interview Elon Musk, Known For Combative Testimony
Billionaire Elon Musk's tendency to dish out insults while being questioned under oath will be tested anew on Monday, when lawyers for Twitter Inc are due to interview the Tesla Inc CEO about his abrupt decision in July to ditch his $44 billion deal for the social media company.
NASA's Asteroid-deflecting DART Spacecraft Nears Planned Impact With Its Target
Ten months after launch, NASA's asteroid-deflecting DART spacecraft neared a planned impact with its target on Monday in a test of the world's first planetary defense system, designed to prevent a doomsday collision with Earth.
Alabama Activists Press Voting Rights In U.S. Supreme Court Showdown
When Evan Milligan, a voting rights activist and organizer, scans his hometown of Montgomery, the capital of the state of Alabama, he sees a tale of two cities.