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Money

Galleries and auction houses at loggerheads in Seoul

Financial Times | Aug 26, 2022 at 7:00 PM

…two decades, new internationally competitive sectors including entertainment, fashion, gaming, fintech and crypto have emerged – sectors that are producing the monied younger Korean collectors fuelling…

Total sells stake in Russian gasfield following military jet fuel claims

Financial Times | Aug 26, 2022 at 6:38 PM

…Putin signed a decree this month that bans investors from designated “unfriendly countries” from selling shares in key energy projects and banks until the end of the year without his personal approval….

HBOS managers escape regulatory action after 6-year probe

Financial Times | Aug 26, 2022 at 6:17 PM

…HBOS — which operated as Halifax and Bank of Scotland and was for a time the UK’s largest mortgage lender — went bankrupt in 2008 after years of excessive risk-taking and fraud….

Six more shells fired by Ukrainian troops at Zaporozhye NPP in past hour

TASS Russian News Agency | Aug 26, 2022 at 6:16 PM

Blasts were heard in the exact vicinity of nuclear isotope storage facilities.

National currencies will be used in settlements on EAEU’s commodity market

TASS Russian News Agency | Aug 26, 2022 at 6:07 PM

Settlements on the common exchange market of the Eurasian Economic Union (EAEU) will be made in the national currencies of the Union countries, press service of the Eurasian Economic Commission (EEC) told TASS.

Moscow Exchange to launch wheat index futures and options trading on August 31

TASS Russian News Agency | Aug 26, 2022 at 5:21 PM

The Moscow Exchange will start trading in cash-settled futures for the wheat index and in marginable options for this contract, the trading platform said on its website.

US and China reach landmark audit inspection deal

Financial Times | Aug 26, 2022 at 4:20 PM

…by the PCAOB, the China Securities Regulatory Commission (CSRC) and China’s finance ministry, PCAOB inspectors could be on the ground in Hong Kong by…

Using the ‘Pottery Barn rule’ in the Treasury market

Financial Times | Aug 26, 2022 at 4:06 PM

…After the GFC, officials made compelling arguments that banks ’ central roles as intermediaries make them especially important systemically….

No easy answers to protect the UK from soaring energy costs

Financial Times | Aug 26, 2022 at 3:39 PM

…Alarming inflation forecasts have multiplied since the Bank of England predicted price rises of 13 per cent later this year in its latest quarterly forecasts….

Stop berating central banks and let them tackle inflation

Financial Times | Aug 26, 2022 at 3:33 PM

…This is not a time for postmortems to assess central bank functioning….

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