Exclusive: Brands blast Twitter for ads next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters. DIRECTV and Thoughtworks also told Reuters late on Wednesday they have paused their advertising on … Read more

Porsche races higher after landmark $72 billion listing

Shares priced at top of indicated range Biggest listing in Germany since 1996 Shares rise 3% despite weaker stock markets FRANKFURT, Sept 29 (Reuters) – Porsche AG shares made a strong start on Thursday after Volkswagen (VOWG_p.DE) defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) … Read more

Sterling slides after BoE buys bonds, dollar hits 20-year high

NEW YORK/LONDON, Sept 28 (Reuters) – Sterling tumbled against the dollar on Wednesday before paring some losses after the Bank of England (BOE) said it would step in to prop up the gilt market, and the dollar index touched a fresh 20-year high trading was volatile. The BOE said it would buy as many long-dated … Read more

Bank of England seeks to stem bond market turmoil

IMF does ‘not recommend’ policies like UK growth plan Moody’s: economic plan is ‘growth negative’ Pound trading down 0.7% to $1.065 Bond strategists warn market almost untradeable LONDON, Sept 28 (Reuters) – The Bank of England sought to quell a fire-storm in the British bond market, saying on Wednesday it would buy as much government … Read more

Porsche IPO books are closed ahead of listing on Thursday – bookrunners

FRANKFURT, Sept 28 (Reuters) – The books for Volkswagen’s (VOWG_p.DE) listing of Porsche AG are closed, a bookrunner said on Wednesday, in line with the previously announced schedule for the initial public offering taking place on Thursday. Porsche shares are poised to price at the top end of the previously announced range in the listing, … Read more

Banks, commodity-linked stocks lead London’s FTSE 100 lower

FTSE 100 down 1.0%, FTSE 250 off 1.2% Sept 28 (Reuters) – UK’s FTSE 100 tumbled on Wednesday, dragged by banks, oil majors and mining stocks, while sentiment was further dented by strong criticism from the International Monetary Fund (IMF) and ratings agency Moody’s against tax cuts initiated by the government. The blue-chip FTSE 100 … Read more

IMF criticises UK policy, Bank of England to make big response

Proposals likely to increase inequality, IMF says BoE’s Pill says ‘significant’ response likely Economists, executives call for a policy U-turn Pound recovers slightly, up 0.4% on the day LONDON, Sept 27 (Reuters) – The International Monetary Fund openly criticised Britain’s new economic strategy on Tuesday, following another slide in bond markets that forced the Bank … Read more

Oil prices fall for a second day on concerns for expected recession

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will stretch Britain’s finances to the … Read more

London copper price hits two-month low on strong dollar

A worker checks copper wires at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam August 11, 2017. REUTERS/Kham Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – London copper prices hit a more than two-month low on Monday, as a stronger dollar made greenback-priced metals more expensive … Read more