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Money

Musk cites Twitter whistleblower as new grounds to cancel $44bn deal

Financial Times | Aug 30, 2022 at 7:36 PM

…business law professor at Tulane University in New Orleans, said Musk would have to show that the problems alleged by the former security chief “would have a significant, long-term effect on Twitter’s finances …

EU army and support fund for energy crisis among new treaty reform proposal

Euractiv | Aug 30, 2022 at 7:28 PM

A group of MEPs drew up a blueprint for EU reform, proposals of which include a new EU programme to support households and businesses facing rising energy and food prices and a 5,000-strong European army.

MOEX Index up 0.45%, RTS Index up 1.18% on Tuesday

TASS Russian News Agency | Aug 30, 2022 at 6:56 PM

The Russian stock indices continued to grow on Tuesday.

German inflation hits 40-year high as calls mount for bigger ECB rate rises

Financial Times | Aug 30, 2022 at 5:44 PM

…carry over into the third quarter,” said Klaas Knot, the Dutch central bank governor, speaking at an event in Copenhagen hosted by Danske Bank on…

Energy prices: volatility of German power smacks of market dislocation

Financial Times | Aug 30, 2022 at 5:39 PM

…s full-scale invasion of Ukraine. Prices rose in August 2021, triggering bank ruptcies at UK energy suppliers. Other participants have quit European energy markets, deterred…

Investors bet against UK government bonds on rising inflation fears

Financial Times | Aug 30, 2022 at 5:36 PM

…of mounting concerns the energy crisis will inflame inflation and trigger further Bank of England rate rises. The darkening outlook for the £2tn gilt market…

Has the tried and tested 60/40 strategy soured?

Financial Times | Aug 30, 2022 at 5:06 PM

…sour? There are reasons to argue it may have done. As central bank ers reminded us at Jackson Hole last week, inflation is back to average…

Tough economic times lie ahead

Financial Times | Aug 30, 2022 at 4:43 PM

…Central bank s are determined to bring inflation back under control. This was the message from Jay Powell, chair of the Federal Reserve, and Isabel Schnabel…

Inflation bites Wall Street where it matters

Financial Times | Aug 30, 2022 at 4:41 PM

…The finance industry’s relationship with the ubiquitous Bloomberg terminal is complicated, akin to a junkie hooked on heroin. It’s an expensive habit, but hard to kick….

Revolution Beauty shares to be suspended as results miss deadline

Financial Times | Aug 30, 2022 at 4:25 PM

…The group changed its finance director, with Elizabeth Lake replacing Andrew Clark who left to “take some time out ahead of taking on a new challenge”….

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