The Italian government approves the 2023 budget of 35 billion euros to boost the economy

The budget finds more than 21 billion euros to tame energy bills Additional energy company profits are taxed at 35%. Includes amnesty for tax arrears, lowering the retirement age Relaunching a bridge project linking Sicily with the mainland ROME (Reuters) – Italy’s new right-wing government approved its first budget on Tuesday, a package focused on … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

Doubts about Russia’s exclusive oil ceiling raise insurer’s concerns about ships leaving at sea

LONDON/BRUSSELS (Reuters) – Two senior oil industry executives told Reuters that tankers laden with oil risked being left at sea if insurers did not come up with urgent clarification on an incomplete plan of the Group of Seven and the European Union to cap the price of Russian crude. The Group of Seven, which includes … Read more

Lula’s honeymoon ends with Brazilian markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as he sought to create more room to increase social spending without setting long-term fiscal rules or naming top economic policy makers. . Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP)Which rose last … Read more

COP27: Polluters must pay for climate change, poor countries say to the rich

Island nations demand global carbon tax “While they win, the planet is burning” Fears grow over hunger striker imprisoned in Egypt SHARM EL-SHEIKH, Egypt (Reuters) – Leaders of poor countries criticized rich governments and oil companies for causing global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to demand that … Read more

Jeremy Hunt statement: New UK finance minister scraps tax plan, increases energy subsidies

Hunt reins in the extensive energy subsidy program Hunt reflects nearly every tax cut gear plan Announcement two weeks before the scheduled date The pound is rising against the dollar Bond prices rise in early London trading LONDON (Reuters) – New Chancellor of the Exchequer Jeremy Hunt sought on Monday to rebuild investor confidence in … Read more

The US Treasury is asking major banks to buy back bonds

(Reuters) – The US Treasury is asking major dealers in US 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 in part due to increased volatility as the Federal Reserve rapidly raises interest rates … Read more

Japan’s foreign reserves drop by record with market turmoil and currency market intervention

Japan’s foreign exchange reserves fall for two consecutive months Japan’s reserves of 1.238 trillion dollars are the second largest after China The drop in reserves comes after last month’s currency market intervention The authorities are silent on speculation about the sale of US Treasuries TOKYO (Reuters) – Japan’s foreign reserves fell by a record $54 … Read more

Kyiv says dozens were killed or wounded in Russian missile attack on Ukraine

At least 25 killed in missile attack – Ukrainian officials Civilians planning to enter Russian-controlled territory were killed Police say the attacks included at least three rockets ZAPORIZIA, Ukraine, Sept 30 (Reuters) – Dozens of civilians were killed or wounded in what Kyiv called a mock Russian missile strike on a convoy of civilian vehicles … Read more