Page 808 - Reuters

Australian dollar slides as RBA opts for smaller hike; sterling on new high

The Reserve Bank of Australia said it decided to slow the pace of tightening because the cash rate had been increased substantially in a short period of time, but left the door open to additional hike

UN pushes for global fertiliser price cut to avoid future supply crisis

The United Nations is pushing to cut the price of fertilisers to avoid a "future crisis" of availability, said a senior U.N. trade official

Credit Suisse in market spotlight despite moves to calm concerns

Credit Suisse Group AG saw its shares slide by as much as 11.5% and its bonds hit record lows on Monday before clawing back some of the losses

World factory activity weakens on global slowdown, cost pressures

Those hikes have stoked fears of a sharp downturn in global demand that had underpinned exports

Several French cities to ban Qatar World Cup fan zones, giant screens

Leftist and ecologist mayors in those cities cited the loss of immigrant workers' lives during construction of stadia in Qatar and the energy that will be wasted to cool the sports arenas as reasons

Sweden's Paabo wins 2022 Nobel Prize in Medicine for research on evolution

Paabo won the coveted award for his discoveries 'concerning the genomes of extinct hominins and human evolution', the award-giving body said on Monday

S&P 500, Dow jump over 2% to kick-start fourth quarter; Tesla down

Tesla down as Q3 deliveries miss market estimates; US factory activity slowest in 2.5 years in Sept; Credit Suisse, Citi cut 2022 year-end target for S&P 500

Goldman says reported OPEC-plus output cuts reinforce its bullish oil view

Despite one of the tightest markets in recorded history, Goldman said the cut could be justified by the 40% decline in prices from their June peak and enabled by the lack of supply elasticity

Ukrainian forces burst through Russian lines in major advance in south

Kyiv gave no official confirmation of the gains, but Russian sources acknowledged that a Ukrainian tank offensive had advanced dozens of kilometers along the Dnipro River's west bank

Tesla stock slides as logistic issues widen deliveries and production gap

Shares opened at a more than two-month low and if losses hold, Tesla would lose nearly $58 bn in m-cap in a single day, more than the market value of General Motors as well as Ford Motor

Vodafone in talks for UK merger with Hutchison's Three, shares rise

Merger would create new leader in British mobile market; Vodafone in talks about creating a 51%-49% joint venture; deal structured using debt, with no cash consideration

RBI sells dollars as rising oil prices push rupee to near new low: Traders

The rupee was last trading at 81.90, down from 81.34 in the previous session. The local unit reached a record low of 81.95 last Wednesday

Credit Suisse shares slip despite moves to soothe investor concerns

Shares fell as much as 10% in early trading on Monday; bank's euro-denominated bonds reach record lows; Swiss bank says its capital, liquidity are strong

UK PM Liz Truss makes U-turn on tax after week of market turmoil

The U-turn comes after the govt's fiscal plans triggered a crisis of investor confidence, jolting markets to such an extent that the BoE had to intervene with a 65 billion pound bond-buying programme

Brazil election enters runoff as Bolsonaro dashes Lula's hope of quick win

The unexpectedly strong showing by Bolsonaro on Sunday dashed hopes for a quick resolution to the deeply polarised election in the world's fourth-largest democracy

Q4 off to shaky start as world stocks stumble to lowest since 2020

Sentiment across markets remained frail given worries that aggressive interest rate hikes from the likes of the US Federal Reserve raises global recession risks

Gold climbs 0.5% on weaker dollar even as interest rate hikes loom

Spot gold was up 0.5% at $1,667.89 per ounce, as of 0603 GMT. U.S. gold futures were 0.2% higher at $1,675.30

Oil jumps nearly $4 as OPEC+ weighs biggest output cut since 2020

Brent crude futures rebounded $3.46, or 4.1%, to $88.60 a barrel by 0915 GMT. US West Texas Intermediate crude was up 4.3%, or $3.39, at $82.88

RBI may set cut-off yield on 10-year state bonds in 7.74-7.77% band: Report

Indian states will aim to raise an aggregate of 195 billion Indian rupees ($2.38 billion) on Monday through sale of bonds maturing in eight years to 25 years

Sterling rebounds 1% on reversal of proposed tax cut plan; yen weakens

Sterling climbed higher on Monday after British finance minister Kwasi Kwarteng said the government would reverse a plan to scrap the UK's highest rate of income tax