Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’

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CNBC·3m ago

10-year Treasury yield hits highest level since 2002 as global bond rout gathers pace

Treasury yields were higher on Thursday amid a global sell-off in government debt.

The Guardian·6m ago2 outlets

UK 30-year borrowing costs hit 6%, highest since 1998, as government bond sell-off intensifies – business live

Global bond rout kicks off again, with US 10-year Treasury yields hitting highest since 2002 Worryingly for Paris, the difference between French and German borrowing costs has widened to a 14-year high this morning. The gap between French and German government bond yields – a market gauge of the risk premium investors demand to hold French debt - was at 127.51 bps, after reaching 128.80 bps, its highest level since June 2012, Reuters reports . Inflation, deficit and issuance concerns continue to weigh on the bond market. There is also a buyers strike on the street as investors do not want to step in till we get some form of stability. Hedge Funds have suffered in the latest round of sell-off and do not have the risk appetite to fade the move. Real money, potentially has the risk appetite, but won’t step in till we get some stability. Continue reading...

CNBC·12m ago

Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude back above $100

It comes after a report that Chinese refiners suspended October fuel exports to protect domestic supplies.

BBC Business·20m ago2 outlets

AI boom could trigger market shocks, Bank of England boss warns

Andrew Bailey says the central bank is watching the waves of cash being invested in artificial intelligence "very carefully".

CNBC·37m ago

Russia launches massive strikes on Ukraine’s energy grid, forcing power cuts ahead of winter

Seven people were killed in the attack and emergency power cuts were imposed in Kyiv and three other regions.

The Guardian·1h ago

UK bookmakers that warned over illicit market had deal with offshore casinos

Content provider part-owned by Ladbrokes, William Hill and Betfred owner signed deal with Santeda network, Casino Secrets leak reveals Three UK bookmakers that have repeatedly warned of the dangers of the illicit market have also benefited from a lucrative deal with one of the world’s largest offshore casinos, the Guardian can reveal. Details of the arrangement emerged as a result of last week’s Casino Secrets leak , which saw the release of thousands of confidential files held by the gambling regulator on the Caribbean island of Curaçao, a haven for offshore betting sites. Continue reading...