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Bank of England (BOE)
Global Economy
UK seeking to plug GBP35 bil fiscal shortfall on Nov 17
The delay means the BOE will now make its next interest rates decision on Nov 3 without knowing the government’s plans in full.
October 26, 2022
Global Economy
British PM Liz Truss resigns after tax-cut plan backfires
Her departure leaves the ruling Conservative Party badly damaged, languishing more than 30 points behind Labour in the polls.
October 20, 2022
Global Economy
UK recession looms after Truss's growth programme backfires
Britain will be paying the price of Truss’s economic experiment for some time.
October 18, 2022
Global Economy
Truss must follow Kwarteng out to calm bond markets, Citigroup analysts say
Yields had climbed even after Kwarteng departed and Truss scrapped her plan to freeze corporation tax next year.
October 15, 2022
Global Economy
Truss dumps UK corporation tax freeze plan after firing ally
The humiliating reversal follows three weeks of market turmoil since Sept 23.
October 14, 2022
Global Economy
Truss prepares for humiliating reversal on UK economic plan
News of the imminent U-turn came just as Kwarteng landed at London’s Heathrow airport.
October 14, 2022
Broker's Calls
S-REITs now at 'attractive levels' with bargains emerging following recent panic selling: UOB Kay Hian
Some of UOB Kay Hian's top picks include CLAS, FCT and LREIT.
October 13, 2022
Markets
Rees-Mogg tries to blame Bank of England for market turmoil
The comments echo a line of attack from Prime Minister Liz Truss’s leadership campaign over the summer.
October 12, 2022
Bonds and treasuries
Bank of England Governor's warning sends shivers through fragile global bond markets
UK government bond yields rose, with the rate on 20-year gilts reaching the highest level since the Lehman crisis in 2008.
October 12, 2022
Markets
Get ready for another bear-market rally, says strategist Julian Emanuel
Julian Emanuel is the chief equity and quantitative strategist at Evercore ISI.
October 03, 2022