Activists aggravate art insurers’ climate headache

Activists aggravate art insurers’ climate headache

Concern other groups could join in attacks Some insurers only cover works behind glass Inflation will also drive premiums higher Flood and fire damage risk add further pressure LONDON, Nov 25 (Reuters) – Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to art from … Read more

Analysis: As U.S. stocks rip higher, investors hunt for signs of market bottom

Analysis: As U.S. stocks rip higher, investors hunt for signs of market bottom

NEW YORK, Oct 19 (Reuters) – Some gauges of the stock market’s health are showing that the latest rally in U.S. equities may be the start of a sustained move higher, though many investors are hesitant to jump on board until there are signs inflation is cooling. Few can blame them for being skeptical. The … Read more

U.S. Treasury asks major banks if it should buy back bonds

U.S. Treasury asks major banks if it should buy back bonds

Oct 14 (Reuters) – The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. Liquidity in the world’s largest bond market has deteriorated this year partly because of rising volatility as the Federal Reserve rapidly raises … Read more

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

WASHINGTON/LONDON, Oct 8 (Reuters) – The OPEC+ organization’s decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden’s White House and Saudi Arabia’s royal family, once one of Washington’s staunchest Middle East allies, according to interviews with about a dozen government officials and experts … Read more

Credit Suisse pays down debt to calm investor fears

Credit Suisse pays down debt to calm investor fears

To buy back up to $3 billion in debt Seen as bid to reassure nervous investors Move comes weeks ahead of planned overhaul Shares up as much as 3% in early trade ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled … Read more

Analysis: UK bond market crash takes shine off Big Bang plans for London

Analysis: UK bond market crash takes shine off Big Bang plans for London

LONDON, Oct 4 (Reuters) – Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her “Big Bang” plan for financial services. Markets took fright last month when UK finance minister Kwasi Kwarteng unveiled plans to … Read more

Border-crossing asylum-seekers hit six-year high in Canada

Border-crossing asylum-seekers hit six-year high in Canada

TORONTO, Sept 27 (Reuters) – The number of asylum-seekers entering Canada between formal border crossings has surged to the highest point since the government started tracking them in 2017, as dropped pandemic restrictions enable more travel and conflict and catastrophe displace people in many parts of the world. In the first eight months of 2022, … Read more

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

EXCLUSIVE EU, U.S. step up Russian aluminium, nickel imports since Ukraine war

Aluminium blocks are seen in Wagner Automotiv industry in Gradacac, Bosnia and Herzegovina February 8, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register EU, U.S. largely spared Russian metals sector from sanctions EU lifts Russian aluminium imports by 13% in March-June U.S. shipments of Russian nickel soar 70% in March-June … Read more

Twitter whistleblower could help Musk by adding ‘volatility’ to legal battle

Twitter whistleblower could help Musk by adding ‘volatility’ to legal battle

An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register WILMINGTON, Del., Aug 23 (Reuters) – A whistleblower’s complaint that Twitter Inc (TWTR.N) misled federal regulators about the company’s security risks … Read more

Canada’s emergency rooms bear the brunt of a ‘perfect storm’

Canada’s emergency rooms bear the brunt of a ‘perfect storm’

TORONTO, July 3 (Reuters) – Health authorities across Canada have cut the hours of hospital emergency departments and urgent care clinics in recent weeks, a move that in some cases may extend through the summer, due to a surge in patients and staff shortages. The situation, clinicians say, is tied to a resurgence of viral … Read more