GRAPHC

All trapped workers rescued from Himalayan tunnel, say officials

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All trapped workers rescued from Himalayan tunnel, say officials

SILKYARA, India, Nov 28 (Reuters) – Indian rescuers on Tuesday pulled out all 41 construction workers trapped inside a collapsed tunnel in the Himalayas for 17 days, hours after drilling through the debris of rock, concrete and earth to reach them, officials said. The evacuation of the men – low-wage workers from some of India’s … Read more

UK budget winners and losers: the pound, bonds and brewers

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UK budget winners and losers: the pound, bonds and brewers

LONDON, Nov 22 (Reuters) – Britain’s finance minister on Wednesday announced a raft of measures aimed at reviving the sluggish economy without upsetting markets, but a degree of caution over the outlook for borrowing and inflation rattled bonds and sterling. Nerves about cuts to social security payments were minor. Traders had feared a broader set … Read more

Why a rout in government bonds is worrying

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Why a rout in government bonds is worrying

LONDON, Oct 3 (Reuters) – The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the U.S. Treasury market, the bedrock of the global financial system, 10-year bond yields have shot up to 16-year highs. In Germany, they touched their … Read more