FINS08

Barclays has been fined $361 million for a fatal mistake

Sept 30 (Reuters) – Britain’s Barclays (Barclays) agreed a $361 million penalty with U.S. regulators on Thursday for “spectacular” failures that led to the sale of $17.7 billion worth of structured products, raising costs for a critical error. First year CEO CS Venkatakrishnan. The bank said after the London market closed on Friday that its …

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EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. DIRECTV and Thoughtworks told Reuters late Wednesday that they have paused their ads on Twitter. …

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Fed criticizes Fed ‘situation’ as market pain recedes to fight inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell took a hawkish stance on inflation, stocks have suffered compounding losses, fissures have opened in global currency markets, and safer US government debt returns have emerged. It jumped to its highest levels since the dark days of the financial crisis nearly …

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Bank of England seeks to stem bond market turmoil after tax cut storm

Bank of England begins buying bonds, delays sales of gold bonds The IMF ‘does not recommend’ policies like the UK’s growth plan Moody’s: The economic plan is ‘negative growth’ Sterling traded down 0.7% to $1,065 Kwarteng meets bank heads again LONDON (Reuters) – The Bank of England sought to quell a firestorm in British bond …

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Wall Street fears it will continue with UK intervention to cool bonds

US stocks changed little after hitting new lows on Tuesday Global stocks battle some losses, while UK bonds rise The Bank of England says it will intervene in the bond market Oil prices are rising due to Hurricane Ian (Reuters) – U.S. and global stocks did little on Wednesday to recover from new lows, even …

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S&P 500 drops to two-year low as bear market deepens

The Standard & Poor’s 500 hit its lowest level since November 2020 Utilities and consumer discretionary sectors lead to decline Investors are concerned about shrinking corporate earnings growth Indices: Dow -0.74%, S&P 500 -0.57%, Nasdaq -0.24% (Reuters) – Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year …

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Wall St Week Ahead Investors are wondering when the sell-off in US stocks will end

A specialist trader operates at the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors are bracing for more pain ahead. …

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The dollar rose to a two-decade high as Putin shook the FX market ahead of the Fed

Register now to get free unlimited access to Reuters.com Register The dollar index is at its highest level in two decades The euro fell to its lowest level in two decades Putin announces partial mobilization of troops for Ukraine Markets Gauge Fed Tightness at Powell’s Briefing LONDON/NEW YORK (Reuters) – The dollar surged on Wednesday …

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Cryptoverse: After Merger, Ether Heads to Shanghai’s $20 Billion Bounty

Commemorative tokens representing the cryptocurrency networks Bitcoin, Ethereum, Dogecoin, and Ripple sink into water in this illustration taken on May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register SEPTEMBER 20 (Reuters) – The merger came, watched and won. This is not what you would guess from cryptocurrency prices. …

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