Pakistan finance minister known for propping up rupee in earlier stints

ISLAMABAD, Sept 28 (Reuters) – Ishaq Dar, Pakistan’s new finance minister, has strongly favored intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF ) programme. Dar, a seasoned politician and chartered accountant, was sworn in … Read more

IMF and Moody’s censor UK policy that sparked market turmoil

IMF does ‘not recommend’ policies like UK growth plan Moody’s: economic plan is ‘growth negative’ Pound trading down 0.5% to $1.0681 Bond strategists warn market almost untradeable LONDON, Sept 28 (Reuters) – The International Monetary Fund and ratings agency Moody’s ramped up pressure on Britain to reverse a new economic strategy that was roiling financial … Read more

EXCLUSIVE US seeks allies as split emerges over global plastics pollution treaty

WASHINGTON DC, Sept 27 (Reuters) – The United States is seeking to form a coalition of countries to drive negotiations on a global plastic pollution treaty, weeks after a similar group involving several other G7 nations was launched, according to a document seen by Reuters . The move underlines its desire to keep the treaty’s … Read more

World Bank’s Malpass faces calls to resign after climate change doubts

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 21 (Reuters) – World Bank President David Malpass came under heavy criticism on Wednesday after he declined to say whether he accepts the scientific consensus on global warming, rekindling concerns about the bank’s lack of a deadline to stop funding fossil fuels. Malpass appeared … Read more

British borrowing costs surge, sterling plunges after new economic plan

British Pound Sterling and US Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 23 (Reuters) – British government bond yields surged by the most in a day in over three decades on Friday, the pound slid to a … Read more

At UN, Micronesia denounces Japan plan to release Fukushima water into Pacific

A worker, wearing protective suits and masks, takes notes in front of storage tanks for radioactive water at Tokyo Electric Power Co’s (TEPCO) tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan February 10, 2016. REUTERS/ toru hanai Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, Sept 22 (Reuters) … Read more

Italy’s right-wing bloc set for election win: five questions for markets

Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 19 (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s election, at a time when soaring energy prices and rising interest rates create growing challenges for the highly-indebted state. Giorgia Meloni, leader of the … Read more