Financier Guy Hands Warns UK Risks IMF Rescue Without Brexit Renegotiation

(Bloomberg) — A leading financier has warned that the UK is “on a path to be the sick man of Europe” and risks needing an IMF bailout unless the government is prepared to renegotiate the terms of its exit from the European Union. Guy Hands, the co-founder and chair of Terra Firma Capital Partners and … Read more

ASML Rises After Reporting Record Bookings, Downplaying China Sales Risks

By Geoffrey Smith — ASML (AS:) stock rose in early trading on Wednesday after the Dutch-based lithographer said it won’t be badly affected by the latest U.S. restrictions on sales of silicon chips to China. “Based on our initial assessment, the new restrictions do not amend the rules governing lithography equipment shipped by ASML … Read more

Sitharaman flags downside risks to economy at IMF meet

New Delhi, Oct 15 (IANS) Union Finance Minister Nirmala Sitharaman shared concerns on key downside risks to the economy owing to slowdown in growth in major economies during a meeting at the International Monetary Fund (IMF) headquarters in Washington D.C. While addressing the Plenary Meeting of the International Monetary and Financial Committee, Sitharaman on Friday … Read more

Asian Stocks Slammed by Fed Rate Hike Risks

By Ambar Warrick– Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy index continued to lag its peers, falling 1.5%, while Japan’s index lost 1.3%. The day’s losses also negated a soft rebound seen … Read more

Citigroup’s Fraser, JPMorgan’s Dimon Warn of Economic Risks as They Head to Capitol Hill

(Bloomberg) — The CEOs of the biggest US consumer banks are set to warn lawmakers that Americans are struggling amid surging inflation, as they brace for tough questions about how they’re helping customers being pummeled by rising prices. The chief executive officers will testify before two congressional committees this week at a time when Americans … Read more

Gold, Copper Head for Sharp Weekly Losses as Fed Rate Risks Increase

By Ambar Warrick– Gold and Copper prices moved little on Friday, and were set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and dented metal markets. prices were unchanged around $1,664.31 an ounce, while fell 0.3% to $1,673.15 an ounce by 20:21 ET … Read more

FSDC underlines need to monitor financial sector risks, discusses early warning signals for economy

New Delhi, Sep 15 (IANS) The Financial Stability and Development Council (FSDC) on Thursday noted that there is a need to monitor financial sector risks, fiscal conditions, and market developments on a continuous basis by the government and the regulators, so that appropriate action can be taken to mitigate any vulnerability and strengthen financial stability. … Read more

Asia FX Rattled by Dismal Chinese Trade Data, Fed Rate Risks

By Ambar Warrick– Most Asian currencies plummeted on Wednesday, with the Chinese yuan among the worst performers on weak trade data, while fears of more policy tightening by the U.S. Federal Reserve also weighed. deepened its losses, sinking 0.4% to a two-year low of around 6.9791 to the dollar. Data showed that China’s came significantly … Read more