Musk warns of Twitter bankruptcy as more CEOs resign

(Reuters) – Twitter’s new owner Elon Musk on Thursday raised the possibility of the social media platform’s bankruptcy, capping a chaotic day that included a warning from the US privacy regulator and the exit of the company’s trust and safety leader. In his first conference call with employees, the billionaire said he couldn’t rule out … Read more

Lola’s honeymoon ends with markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s honeymoon with markets appeared to be over on Thursday, as investors grew impatient with his desire to boost social spending without setting long-term fiscal rules or naming top economic policymakers. Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP) Both jumped last week after Lula … Read more

Analysis: Australia’s unbalanced swap market creates pockets of price chaos

SINGAPORE/SYDNEY (Reuters) – Volatility has exploded in an obscure but important corner of Australia’s $113 billion a day interest rate derivatives market, as turmoil flows across fixed income products. Dealers say the normally stable market for fixed and floating rate payments swaps has turned wild due to a combination of policy changes, speculation and skewed … Read more

Brazil’s Bolsonaro expected to break the silence after Lula’s win

BRASILIA (Reuters) – President Jair Bolsonaro is preparing to break his silence after his defeat in Brazil’s presidential election, amid doubts over whether the far-right nationalist will accept the victory of his leftist rival, former President Luiz Inacio Lula da Silva. . Claudio Cagado, head of a party allied with Bolsonaro, said Bolsonaro would speak … Read more

Booming Wall Street boosts global and European stocks; oil slices

WASHINGTON/LONDON (Reuters) – Global and European stocks rose on Friday as Wall Street extended gains on hopes that some central banks will slow down in raising interest rates. Commodity prices took a hit from the strength of the US dollar. Oil prices fell after China, the largest importer of crude, expanded its restrictions on the … Read more

Korean theme park developer’s default bond indicates broader pressure

SEOUL (Reuters) – A missed bond repayment by a South Korean theme park developer has shaken up the country’s financial markets and raised concerns about the possibility of a credit crunch similar to the one that plunged China’s real estate market and economy into crisis. . South Korea’s central bank and financial regulators scrambled this … Read more

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Liz Truss has resigned as Prime Minister of the United Kingdom after six weeks of chaos

Truss says she’s going next week Sunak and Mordaunt are seen as contenders for the top job Boris Johnson could be back Truss is the shortest serving British Prime Minister LONDON (Reuters) – Liz Truss resigned on Thursday after the shortest and most chaotic tenure of any British prime minister, after her economic program shattered … Read more

As Britain’s Truss struggles to get a job, a new finance minister says she’s made mistakes

Truss fired his finance minister on Friday New Chancellor Hunt warns against making tough decisions Bank of England’s Bailey says he agrees with Hunt on the need to reform finances Some conservative lawmakers say Truss will be ousted LONDON (Reuters) – Britain’s new finance minister, Jeremy Hunt, said on Saturday that some taxes will rise … Read more

Bank of England looks at market turmoil, “will not hesitate” to act

Register now to get free unlimited access to Reuters.com Register The pound briefly touched a record low against the dollar Clots continue to break down The Minister of Finance explains in detail the financial plans on November 23 The Bank of England is closely monitoring developments LONDON (Reuters) – The Bank of England said on … Read more