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Central bank body BIS warns of hedge fund leverage in government bond markets

By Marc Jones LONDON (Reuters) -The new head of the Bank for International Settlements has said reining in hedge funds’ ability to make highly leveraged bets in government bond markets should be a key priority for policymakers given rapidly increasing public debt levels. Pablo Hernández de Cos, who took over as General Manager of the …

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Netherlands buys drone detection radars after recent sightings

AMSTERDAM (Reuters) -The Netherlands has bought 100 early-warning radars to help detect approaching drones, the Defense Ministry said on Thursday, after drone sightings near an airport and air force base in the country’s south earlier this month. The systems, produced by Dutch company Robin Radar, can distinguish drones from birds and other moving objects, it …

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Bank of England’s Greene says budget energy measures may help lower price expectations

LONDON (Reuters) -British government budget measures to cut household energy bills by 150 pounds ($199) a year may help lower the public’s inflation expectations, but it is too soon to draw a clear view, Bank of England policymaker Megan Greene said on Thursday. Greene, speaking at a conference in London hosted by Irish financial services …

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UK midcaps climb, FTSE 100 flat a day after budget

(Reuters) -The UK’s midcap index climbed on Thursday, hitting its highest in two weeks, a day after Finance Minister Rachel Reeves announced a big tax-raising budget. The blue-chip FTSE 100 ended flat, while the domestically-focused FTSE 250 rose 0.9%, logging its fourth consecutive session of gains. Demand for new homes could gradually recover next year, …

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STOXX 600 ends steady after multiple-session rally; Puma, Allfunds jump on takeover buzz

By Anastasiia Kozlova and Purvi Agarwal (Reuters) -European shares ended largely steady on Thursday after three consecutive sessions of gains, driven by rising hopes of a U.S. interest rate cut next month, while Puma jumped on takeover interest and Allfunds Group climbed on an acquisition offer. The pan-European STOXX 600 ended 0.12% higher at 574.89 …

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Rheinmetall not currently negotiating with VW over Osnabrueck site, CEO says

BERLIN (Reuters) -Rheinmetall CEO Armin Papperger said on Thursday that the German defence company is not currently negotiating with carmaker Volkswagen about its factory in Osnabrueck. Volkswagen said in a statement that it is continuing to look into how the Osnabrueck site can be used after the end of T-Roc Cabriolet production in 2027. The …

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Head of UK fiscal watchdog says he will resign if Reeves, lawmakers demand it

By Andy Bruce LONDON (Reuters) -The head of Britain’s fiscal watchdog said on Thursday he would resign if finance minister Rachel Reeves and lawmakers demanded it, after his agency published details of the government’s budget early, moving markets and sparking anger in parliament. Reeves, speaking earlier, described the incident on Wednesday as a serious breach …

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Deutsche Boerse offers 4.7 billion euros for fund platform Allfunds

FRANKFURT (Reuters) -German stock exchange operator Deutsche Boerse AG said on Thursday it is in exclusive talks with Allfunds over an acquisition of the European fund trading platform. The German exchange operator added in a statement that Allfunds’ board unanimously agreed to start exclusive discussions based on a non-binding offer of 8.80 euros ($10.20) per …

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