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LONDON — Embattled British Prime Minister Liz Truss fired her finance minister and abandoned a flagship policy Friday, in a bid to save her job after her economic plan stoked weeks of market panic. Earlier, Truss removed Finance Minister Kwasi Kwarteng just 38 days after the pair took power. Kwarteng becomes the second shortest-serving chancellor of the exchequer, as the British finance minister is known. Truss' personal office confirmed the next finance minister will be Jeremy Hunt, a former health secretary and minister under successive Conservative governments. Crucially, the bank’s bond-buying program is set to end Friday, meaning the government must convince markets its economic plan is sound to avoid further chaos.
‘The Crown’ gets a new queen
  + stars: | 2022-09-26 | by ( Lisa Respers France | ) edition.cnn.com   time to read: +1 min
CNN —While production of Season 6 of “The Crown” was briefly paused after the death of Queen Elizabeth II, Season 5 is still on track to start November 9. When the popular series returns to Netflix, Imelda Staunton will take over the role of the Queen from Olivia Colman who portrayed her in Seasons 3 and 4 of the royal drama. Claire Foy portrayed Queen Elizabeth II the first two seasons of the show. “However, as a new decade enters its stride, the old certainties are no longer guaranteed.”The collapse of Prince Charles and Princess Diana’s marriage is also a major storyline. Dominic West plays Prince Charles, Elizabeth Debicki plays Princess Diana and Jonathan Pryce plays the Queen’s husband, Prince Philip, in the upcoming season.
REUTERS/Francis Mascarenhas/BENGALURU, Sept 26 (Reuters) - Indian shares are expected to fall at the open on Monday, in line with Asian peers, amid renewed worries over economic growth on the back of high-interest rate environment. India's NSE stock futures listed on the Singapore exchange were down 0.9% as of 0205 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 1%. Foreign institutional investors sold net 29 billion rupees worth Indian equities on Friday as per provisional data available with the National Stock Exchange. ** India's Goa Carbon (GOAC.NS) will consider raising funds via issue of equity shares on rights basis. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Indian shares tread water ahead of Fed rate hike
  + stars: | 2022-09-21 | by ( Sethuraman N R | ) www.reuters.com   time to read: +2 min
REUTERS/Francis MascarenhasBENGALURU, Sept 21 (Reuters) - Indian shares swung between small gains and losses in volatile early trading on Wednesday ahead of an expected hefty interest rate hike by the U.S. Federal Reserve to tackle inflation. Rate futures traders are pricing in an 81% chance of a 75-basis-point (bps) hike and a 19% probability of a jumbo 100 bps increase. FEDWATCHRegister now for FREE unlimited access to Reuters.com Register"We need to wait and watch the outcome of the Fed even though a 75 bps rate hike is discounted by the markets," said Anita Gandhi, director at Arihant Capital Markets. read moreThe Nifty fast-moving consumer goods index (.NIFTYFMCG) was the top gainer among major sectors, rising 1%, while the bank index (.NSEBANK) was the top drag, falling 0.6%. Among stock, shares of Central Bank of India (CBI.NS) jumped as much as 15% after the Reserve Bank of India took the state-owned commercial bank off its prompt corrective action list.
Notable quotes of Britain's Queen Elizabeth
  + stars: | 2022-09-08 | by ( ) www.reuters.com   time to read: +7 min
I can give you my heart and my devotion to these old islands and to all the peoples of our brotherhood of nations." - First televised Christmas broadcast in 1957. "We cheered the king and the queen on the balcony and then walked miles through the streets. Throughout all my life and with all my heart I shall strive to be worthy of your trust." - Christmas broadcast in 2017.
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