MTPIX

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Ukraine claims control of Russian logistics hub, seeks to cut more supply lines

Retaking Lyman town could help Ukraine against Russians in the east Russian hawks slam loss, some demand tougher measures Pope calls for ending ‘spiral of violence and death’ KYIV, Oct 3 (Reuters) – Ukraine has claimed full control of eastern Russia’s logistics hub Lyman, its biggest battlefield win in weeks, paving the way for new …

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Analysis: Underwater: how the Bank of England threw a lifeline to the markets

Analysis: Underwater: how the Bank of England threw a lifeline to the markets

The Bank of England bought bonds after demands from pension funds Some UK pension funds have faced problematic margin calls BoE support seen as window to post collateral UK government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England that some British pension funds were struggling to …

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To cope with a kimchi crisis, South Korea is banking on huge cabbage warehouses

To cope with a kimchi crisis, South Korea is banking on huge cabbage warehouses

SEOUL, Sept 30 (Reuters) – South Korean kimchi makers are in deep trouble as a climate change-induced cabbage shortage has driven up prices this year, compounding the damage inflicted by cheaper offers from Chinese competitors. Such is the sense of crisis surrounding the spicy pickled side dish eaten daily by many Koreans and central to …

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UK market rout stokes contagion fears around the world

UK market rout stokes contagion fears around the world

NEW YORK/LONDON, Sept 28 (Reuters) – The scale and speed of the sale of British assets has rattled global markets, raising concerns about contagion as chaos in a major developed economy adds to the already malaise generated by the sharp rise in interest rates in the United States and elsewhere. After Friday’s UK mini-budget, which …

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Britain scares away investors with historic tax cuts and borrowing

Britain scares away investors with historic tax cuts and borrowing

Kwarteng slashes top income tax rate amid growth momentum Huge increase in UK government debt issuance expected Gilts suffer biggest drop in decades Pound drops 3% to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng on Friday announced historic tax cuts and huge increases in borrowing in …

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Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Japan intervenes in the foreign exchange market to stem the fall of the yen after the BOJ keeps rates extremely low

Join now for FREE unlimited access to Reuters.com Register BOJ maintains ultra-low rates and dovish policy guidance Japanese diplomat FX said it had taken ‘decisive’ action Confirmation of the intervention causes the dollar to fall by more than 2% Analysts doubt Tokyo can continue to support the yen TOKYO, Sept 22 (Reuters) – Japan intervened …

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