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Hedge funds warn BoE repo reforms could backfire

Hedge funds warn BoE repo reforms could backfire

By Phoebe Seers and Iain Withers LONDON, Oct 7 (Reuters) - A hedge fund industry group has warned the Bank of England that proposed reforms to the market for short-term loans secured against UK government bonds, known as "repo", could backfire and reduce liquidity at times of market stress.

High inflation has become embedded in Britain, Bank of England's Mann says

High inflation has become embedded in Britain, Bank of England's Mann says

LONDON, Oct 6 (Reuters) - Inflation running above the Bank of England's 2% target appears to have become embedded in the British economy and risks getting further entrenched in wage negotiations early next year, BoE policymaker Catherine Mann said on Tuesday.

World shares advance as oil falls, bond yields retreat

World shares advance as oil falls, bond yields retreat

By Medha Singh and Stella Qiu Oct 6 (Reuters) - World stocks scaled two-week highs on Tuesday as easing oil prices and bond yields helped steady sentiment, while investors looked ahead to an earnings season expected to be powered by continued AI-driven growth.

UK labour market shows more signs recovery in September, KPMG/REC survey shows

UK labour market shows more signs recovery in September, KPMG/REC survey shows

Oct 8 (Reuters) - Britain's labour market showed more signs of recovering last month from its protracted slowdown, with permanent staff placements rising at the fastest pace in four years, a survey of recruitment firms showed on Thursday.

UK 30-year gilt yields hit 28-year high in global selloff

UK 30-year gilt yields hit 28-year high in global selloff

By David Milliken LONDON, Oct 7 (Reuters) - British 30-year bond yields rose to a 28-year high on Wednesday as a global bond selloff pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.

Brazil's Bolsonaro pledges broad review of Lula-era taxes

Brazil's Bolsonaro pledges broad review of Lula-era taxes

By Marcela Ayres BRASILIA, Oct 7 (Reuters) - Brazil presidential candidate Senator Flavio Bolsonaro said on Wednesday his team was studying constitutional amendments to revise parts of a planned consumption-tax reform — alongside other fiscal measures — arguing the current design would leave the

Factbox-Options for UK finance minister Healey in October 28 budget

Factbox-Options for UK finance minister Healey in October 28 budget

LONDON, Oct 7 (Reuters) - British finance minister John Healey is expected to raise taxes in his first budget to restore some of his fiscal room for manoeuvre which has been eroded by the global surge in borrowing costs caused by the Iran war.

Europe stocks retreat after three-day rise as rising yields, oil dent sentiment

Europe stocks retreat after three-day rise as rising yields, oil dent sentiment

By Sudeshna Ghoshal and Purvi Agarwal Oct 7 (Reuters) - European shares closed sharply lower on Wednesday after three straight sessions of gains, as higher oil prices and a rise in bond yields sapped risk appetite.

Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

Malaysia 2027 budget to tackle living costs, fiscal risks as election looms

By Rozanna Latiff KUALA LUMPUR, Oct 7 (Reuters) - Malaysia is likely to deliver a moderately expansionary budget for 2027 on Friday as it looks to boost support for households ahead of a general election that could be called at any time, analysts and economists said.

European shares rise after selloff; French stocks hit 6-month low

European shares rise after selloff; French stocks hit 6-month low

By Medha Singh October 5 - European shares edged higher on Monday, while French equities slid to a six-month low on fiscal concerns and losses in Schneider Electric after the company acquired US software firm PTC.

French bond contagion fears are rattling the euro

French bond contagion fears are rattling the euro

By Dhara Ranasinghe and Alun John LONDON, Oct 5 (Reuters) - A sliding euro is the latest alarm bell for policymakers facing a surge in French borrowing costs that has started to spill over into the broader euro area.

Oil slips as Middle East crude exports rise, G7 to release stocks

Oil slips as Middle East crude exports rise, G7 to release stocks

By Florence Tan SINGAPORE, Oct 5 (Reuters) - Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations are adding to supplies despite ongoing concerns about further damage to Gulf oil infrastructure amid the Iran war.