…Finance director Kevin O’Byrne said the decision was made after the Bank of England reiterated that it would cease buying gilts to stabilise the market on October 14, prompting fears of more volatility….

…The Bank of England has raised interest rates by 0.75 percentage points to 3 per cent in its most forceful act to tame inflation for 30 years….

…Those tracking the technology -heavy Nasdaq 100 slipped 0.7 per cent….

…edited by Derek Brower, Myles McCormick, Justin Jacobs, Amanda Chu and Emily Goldberg.Recommended newsletters for you Moral Money — Our unmissable newsletter on socially responsible business, sustainable finance …

…The European Central Bank raised rates by 0.75 percentage points last week, the Fed did the same yesterday and the Bank of England is today announcing its latest rate decision (expected to be a large rise…

…An underwriter who signed off on billions of dollars of insurance policies for Greensill Capital ahead of its collapse has alleged that the finance company “induced” him into providing cover through “misleading…

…Multilateral development banks needed to “examine what contribution they’re making to solving and addressing these massive finance mobilisation gaps”, the official said….

…The German government’s intervention to save Uniper from insolvency will include buying out the group’s previous owner Fortum, an €8bn capital injection and a line of credit from state-owned KfW Bank totalling…

The adoption of cryptocurrencies has accelerated in the past 2-3 years.

Investor Saif Alketbi from the United Arab Emirates has bought a 43.4% stake in the leading Croatian food and retail group Fortenova.