- S&P 500 sinks to two-year low as bear market deepensMarkets ·
September 27, 2022 · 6:29 PM UTC· undefined ago
Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 hitting a two-year intraday low as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn.
- FinancePoland aims to stop using WIBOR rate in 2025, says regulator
Poland will complete a reform of benchmark interest rates on which loans are based by the end of 2024, financial regulator KNF said on Tuesday, with the Warsaw Interbank Offered Rate (WIBOR) expected to be fully replaced in 2025.
- WorldBritain's pensions regulator warns on cash flow risk from market stress
Britain's pension scheme trustees should review their cash flow positions and assess if they can cope with further market stresses, the Pensions Regulator said on Tuesday following a sharp rise in gilt yields that may trigger a scramble for cash.