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

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

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

Britain is pushing investors to flee with historic tax and borrowing cuts

Kwarteng cuts top income tax rate in a rush of growth Huge increase in planned British government bond issuance Thrombosis suffers its biggest recession in decades The pound fell 3% to a 37-year low against the dollar LONDON (Reuters) – Britain’s new chancellor Kwasi Quarting unleashed historic tax cuts and massive borrowing increases on Friday … Read more