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Fitch cuts outlook for UK rating to ‘negative’ from ‘stable’

Fitch cuts UK’s rating to ‘negative’ from ‘stable’ By Reuters

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Economy 7 minutes ago (Oct 05, 2022 22:25)

© Reuters. FILE PHOTO: A general view of the Canary Wharf financial district is pictured in London, Britain, September 30, 2022. REUTERS/Maja Smiejkowska

(Reuters) – Fitch Ratings on Wednesday revised the outlook on the United Kingdom’s long-term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to “negative” from “stable” and affirmed the IDR at ‘AA-‘

Fitch cuts UK’s rating to ‘negative’ from ‘stable’

Stocks dip, yields climb as rate hikes seem to stay the courseBy Reuters – Oct 05, 2022

By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks slipped Wednesday, ending the strongest two-day rally since 2020, while the dollar and Treasury yields rose on the back of…

EU to Explore Additional Joint Funds to Support Energy ShiftBy Bloomberg – Oct 05, 2022

(Bloomberg) — The European Union will explore ways to raise funding as a bloc to accelerate its plans to cut off from Russian gas despite continuing reservations from some of its…

France taps strategic fuel reserves as refinery strike grinds onBy Reuters – Oct 05, 2022

By Forrest Crellin PARIS (Reuters) -France has tapped its strategic fuel reserves to resupply petrol stations that have run dry, the government said on Wednesday, amid strikes by…

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