The UK markets watchdog opened an investigation into the London Metal Exchange focusing on potential misconduct during last year’s massive nickel short squeeze, escalating pressure on the embattled exchange and raising the prospect of financial penalties.
Adani Group’s stocks surged on Friday after winning a vote of confidence from one of the biggest names in emerging-market investing, helping cap the Indian conglomerate’s best week since late January when a US short-seller’s explosive report triggered an unprecedented rout.
UK credit markets have reached a new milestone: bond spreads are back to levels before Liz Truss’s disastrous run as prime minister.
(Bloomberg) — European Central Bank Governing Council member Pierre Wunsch said market bets for interest rates to reach a 4% peak may prove accurate if underlying price pressures remain elevated.
A billionaire and “close” partner of oligarch Roman Abramovich has become the first person to challenge the UK’s Russian sanctions regime in a London court.
The UK is preparing for a late-winter blast, with temperatures dropping to unusually low levels in the coming days and snow expected in parts of the country early next week.
Belarusian human rights activist Ales Bialiatski, who won the 2022 Nobel Peace Prize while in prison, was sentenced to 10 years in a penal colony as his country’s authoritarian government continues a crackdown on opponents.
European Central Bank Vice President Luis de Guindos said underlying price pressures will be an important factor for future monetary-policy decisions.
Investors are shoring up the circulation of stablecoins even as the broader crypto market weathers a downturn, turning to dollar-equivalent tokens as a substitute for cash following the unraveling of crypto-friendly bank Silvergate Capital Corp.
The European Central Bank’s planned half-point increase in interest rates this month will probably be followed by more hikes, with borrowing costs to remain elevated for a while, according to Governing Council member Madis Muller.
