Britain bets all on historic tax cuts and borrowing, investors take fright

Register now for FREE unlimited access to Reuters.com Register Kwarteng cuts top rate of income tax in dash for growth Huge increase in UK government debt issuance planned Gilts suffer biggest slump in decades Pound falls to new 37-year low against dollar LONDON, Sept 23 (Reuters) – Britain’s new finance minister Kwasi Kwarteng unleashed historic … Read more

Britain kicks off post-Brexit ‘transformation’ of finance

UK seeks to preserve London’s financial standing after Brexit Regulators to focus on competitiveness, not just stability Capital rules for insurers to be relaxed to boost investment Zahawi pauses plan for more government oversight of regulators LONDON, July 19 (Reuters) – British financial regulators will have to promote the global competitiveness of the country’s financial … Read more

The ‘Big Package’: How Russia was driven to default

European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS / Johanna Geron // File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June … Read more

Credit Suisse faces verdict in cocaine-cash trial

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS / Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Swiss judges are set to rule on Monday whether Credit Suisse (CSGN.S) failed to prevent … Read more

Sanctions-hit Kremlin stages ‘Russian Davos’ bereft of elite, Putin speaks Friday

Flags with the St. Petersburg International Economic Forum (SPIEF) logo fly near the St. Petersburg Isaac’s Cathedral in Saint Petersburg, Russia June 14, 2022. REUTERS / Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register International economic forum June 15-18 in St Petersburg No Western bigwigs at ‘Russian Davos’ due to sanctions Putin … Read more