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Their joint communique released by the U.S. Treasury late on Wednesday did give Japan something - but it was thin gruel. read more"Recognizing that many currencies have moved significantly this year with increased volatility, we reaffirm our exchange rate commitments as elaborated in May 2017," the G7 wrote. And, for the record, the 2017 phraseology was that excess volatility and disorderly currency moves have negative impacts on their economies and financial stability. read more"We cannot tolerate excessive volatility in the currency market driven by speculative moves," he opined after. The big question is whether this dollar surge is in fact a "short run" aberration or whether it is a more permanent feature of the global landscape.
That was when the BoE moved to quell bond market turmoil triggered by the plans of the new government of Prime Minister Liz Truss for big, unfunded tax cuts. Register now for FREE unlimited access to Reuters.com Register"We have announced that we will be out by the end of this week. "My message to the funds involved and all the firms involved managing those funds: You've got three days left now. Investors are nervous that Friday's deadline for the end of the BoE's bond-buying might come too soon for some funds. The BoE press office said it had no further comment to make beyond those of Bailey on Tuesday in Washington.
Register now for FREE unlimited access to Reuters.com Register"We have announced that we will be out by the end of this week. "My message to the funds involved and all the firms involved managing those funds: You've got three days left now. Investors are nervous that Friday's halt to the BoE's bond-buying might come too soon for some pension funds. But a BoE spokesperson said it had been made "absolutely clear in contact with the banks at senior levels" that the Friday deadline would hold. On Wednesday, it said it was "closely monitoring" liability-driven investment (LDI) funds, which are key to pension funds, ahead of Friday's deadline.
UK gilt yields rise after BoE's Bailey sets pensions deadline
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 12 (Reuters) - British government bond yields rose again on Wednesday after Bank of England Governor Andrew Bailey told pension funds they had three days to sort out their liquidity problems before the central bank ends its emergency bond market intervention. The 20-year gilt yield rose above 5% for the first time Sept. 28, the day the BoE intervened to quell turmoil in the bond market triggered by the government's announcement of big, unfunded tax cuts. It was last at 4.938%, up 2 basis points on the day. Yields rose across the range of maturities with the sharpest increase seen in two-year gilts , up about 10 basis points on the day. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.
Liverpool picked to host 2023 Eurovision Song Contest
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 7 (Reuters) - The northern English city of Liverpool will host the 2023 Eurovision Song Contest, on behalf of this year's winners Ukraine due to the ongoing conflict there. Liverpool edged out the other candidate, Glasgow, as host city in a draw held live on BBC television on Friday. 1/2 Spectators watch the final of the 2022 Eurovision Song Contest in Turin, Italy, May 14, 2022. REUTERS/Yara Nardi Read MoreWhile decades-long tradition dictates that the winner of the contest gets to host it the following year, the European Broadcasting Union had said safety and security reasons meant runners-up Britain were instead invited to host. Britain's entry to this year's Eurovision contest in Italy in May came second behind Ukraine's Kalush Orchestra, which rode a wave of public support to claim an emotional victory.
Market chaos forces UK lenders to pull mortgage products
  + stars: | 2022-09-26 | by ( Andy Bruce | ) www.reuters.com   time to read: +3 min
Brokers said the moves were likely just the start of a big shift in Britain's mortgage market. The country's largest mortgage lender Halifax said it was withdrawing its fee-paying mortgage products - where borrowers could pay an arrangement fee in exchange for a lower interest rate - and moving to a full fee-free range. "In response, we will be temporarily withdrawing our New Business Product Range with immediate effect." Virgin Money said its withdrawal of mortgage products for new customers would take place at 8 p.m. (1900 GMT). "That will feed into higher mortgage rates and, as always, it'll be the taxpayer left carrying the can," said Lewis Shaw, founder of broker Shaw Financial Services.
Handout photo from Buckingham Palace of the ledger stone at the King George VI Memorial Chapel, St George's Chapel, Windsor Castle, Britain in this undated handout released September 24, 2022. Royal Collection Trust/The Dean and Canons of Windsor/Handout via REUTERSLONDON, Sept 24 (Reuters) - Buckingham Palace published a photograph on Saturday from Queen Elizabeth's final resting place at the royal chapel in Windsor, featuring a ledger stone bearing her name and those of her parents, and husband Prince Philip. The stone, made of black Belgian marble, sits in the King George VI Memorial Chapel which Queen Elizabeth commissioned in 1962 as a burial place for George VI, her father. Queen Elizabeth's sister, Princess Margaret, is also interred at the chapel, at Windsor Castle west of London. Elizabeth died on Sept. 8 at Balmoral Castle, her summer home in the Scottish highlands, after 70 years on the throne.
UK market meltdown? Nothing to see here, minister says
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +2 min
Chief Secretary to the Treasury Chris Philp walks outside Treasury building, in London, Britain September 7, 2022. REUTERS/Hannah MckayLONDON, Sept 24 (Reuters) - Britain's deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country's new economic growth plan, which sent international investors heading for the exit. The pound slumped 3.6% on Friday below $1.09, a new 37-year low against the dollar, while gilts suffered their worst day in decades as the market digested finance minister Kwasi Kwarteng's announcement of a borrowing-funded drive for growth. "Let's be clear, the interest rates payable on government gilts is about the same in the United Kingdom now today as it is in the United States," Chris Philp, Britain's deputy finance minister, told Sky News when asked about the market moves. "(The reason) we're doing this isn't for intraday moves in the currency market, Philp said.
UK market meltdown? Nothing to see here, Treasury minister says
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +2 min
Chief Secretary to the Treasury Chris Philp walks outside Treasury building, in London, Britain September 7, 2022. REUTERS/Hannah MckayLONDON, Sept 24 (Reuters) - Britain's deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country's new economic growth plan, which sent international investors heading for the exit. The pound slumped 3.6% on Friday below $1.09, a new 37-year low against the dollar, while gilts suffered their worst day in decades as the market digested finance minister Kwasi Kwarteng's announcement of a borrowing-funded drive for growth. "(The reason) we're doing this isn't for intraday moves in the currency market, Philp said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
În cadrul comunității persoanelor cu deficiențe de auz, dar și pentru pedagogii care interacționează cu elevi cu dizabilități de auz în școlile de cultură generală din R. Moldova vor fi repartizate viziere și măști cu ecran de protecție. În acest context, Alianța INFONET implementează proiectul „Suport pentru protecția persoanelor cu deficiențe de auz în R. Moldova în contextul pandemiei Covid-19”, cu susținerea financiară a Ambasadei Australiei în R. Moldova, prin intermediul Programului Direct Aid. Activitățile specifice din cadrul proiectului se referă la confecționarea măștilor cu ecran de protecție și repartizarea vizierelor cu scopul de spori gradul de incluziune a persoanelor cu deficiențe de auz. Ambasada Australiei a finanțat producerea unui lot de măști cu ecran și viziere. În scop de informare a persoanelor cu cu deficiențe de auz, dar și a publicului larg, echipa proiectului a elaborat un spot video, cu traducere în limbaj mimico-gestual.
Persons: . S . Bruce Edwards, Ambasadorul Organizations: Alianța INFONET, Ambasada Australiei Locations: Moldova, Australiei, Chișinău, Republica Moldova
Alianța INFONET implementează proiectul „Suport pentru protecția persoanelor cu deficiențe de auzîn Republica Moldova în contextul pandemiei Covid-19”, cu susținerea financiară a Ambasadei Australiei în Republica Moldova, prin intermediul Programului Direct Aid. În data de 24 martie 2021, la Chișinău s-a aflat Excelența Sa, Domnul Bruce Edwards, Ambasador desemnat al Australiei în Republica Moldova. Evenimentul s-a desfășurat în incinta Sălii de Festivități a Asociației Surzilor din Republica Moldova (strada Vasile Alecsandri, 1, municipiul Chișinău), cu participarea reprezentanților de la:- Școala Profesională nr. 12 pentru copii hipoacuzici și cu surditatea tardiva,- Asociația Surzilor din Republica Moldova (ASRM),- filialele teritoriale ASRM,- etc. Perioada de implementare a proiectului „Suport pentru protecția persoanelor cu deficiențe de auz în Republica Moldova în contextul pandemiei Covid-19” este 1 februarie – 31 mai 2021, iar valoarea grantului constituie 20.000 AUD, acesta fiind primul proiect din Republica Moldova implementat cu suportul Direct Aid Program.
Persons: Domnul Bruce Edwards, Vasile Alecsandri, Victor Organizations: INFONET, Ambasada Australiei Locations: Republica Moldova, Australiei, Chișinău
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