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Fed's Warsh withholds rate signal, praises recent global tightening with 'no free riders'
Source: CNBC
Original reporting
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BBC Business2 outlets
Banks say Healey planning to increase tax on their profits in Budget
Senior banking executives have told the BBC they expect to be "on the menu" in the chancellor's Budget tax later this month.
The Guardian
Bank shares drop as John Healey prepares to raise taxes on the banking sector in the budget – business live
Rolling coverage of the latest economic and financial news John Healey poised to raise taxes on banks in budget Shares in UK banks are dropping at the start of trading, as investors react to the Guardian’s scoop that John Healey is poised to increase taxes on Britain’s banks in his 28 October budget. Lloyds Banking Group are the top faller on the FTSE 100, down around 1.9%, with Natwest dropping by 1.6%. “I think it’s too early, but to the extent we’ve seen evidence, so far it’s been quite subdued.” Continue reading...
CNBC
Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani's Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio's visit.
CNBC
What to know about Starshield, SpaceX's military-focused Starlink service
Elon Musk distinguished Starshield from Starlink, which he said could not be used for offensive military operations.
CNBC
Russia returns to G20 table in Bangkok on U.S. invitation that angers Europe
Russia’s return to the G20 table has tested how far Washington’s outreach to Moscow will strain ties with European allies.
CNBC
One Singapore ship was sunk, but here's why others are still transiting the Strait of Hormuz
Singapore vessels are set to continue navigating the perilous Strait of Hormuz despite attacks on two container ships, said maritime experts.