Prime Minister Liz Truss appeared to rule out cuts in public spending, as doubts about the fiscal soundness of the government’s program continued to roil the markets.
Tag: Government Bonds
Liz Truss’ Woes Multiply After Media Blitz
In a round of interviews, the prime minister showed little sympathy for the pain that high interest rates could inflict on mortgage holders, critics said.
Wall Street Remains Unsteady After a Painful Stretch for Investors
Concerns about rising interest rates and the prospects of a global slowdown remain.
Ratings Agency: Violence Could Undercut Israeli Economy
Rioting and mob attacks could undercut Israel’s recovery from the economic impacts of the pandemic, Fitch says.
A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks
The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
A €750 Billion Coronavirus Recovery Plan Thrusts Europe Into a New Frontier
Adopting the proposal would make history for the bloc, vesting authority in Brussels in ways that more closely resembled a central government.
A €750 Billion Virus Recovery Plan Thrusts Europe Into a New Frontier
The European Commission wants to issue bonds to raise the funds, taking a step closer to a shared budget potentially paid for through common taxes.
Travel Limits, Economic Fears Stoke Market Plunge
With global growth on the line, investors have been looking for world leaders to step in to keep the economic gears turning.
To Take On Coronavirus, B.O.E. Cut Rates. Europe’s Central Bank Has Fewer Options.
Christine Lagarde, the bank’s new president, is facing her first big crisis. She doesn’t have much room to maneuver.
Stocks Climb as Investors Look to Washington
Investors returned, and futures indicated a rise on Wall Street, a day after coronavirus fears and oil market disruptions caused the biggest sell-off in a decade.