Energy suppliers Avro and Green cease trading; Fed signals tapering may start soon – as it happened
by Graeme Wearden from on (#5PW5P)
Rolling coverage of the latest economic and financial news
- Latest: Powell says tapering could be finished by middle of next year
- US Fed says tapering of bond-buying could start soon
- More officials expect first rate rise in 2022
Earlier:
- Summary: UK energy crisis deepens
- 800,000+ customers affected as Avro and Green cease trading
- Kwarteng looking at all options' re windfall tax... price cap here to stay'
- Ofgem: More energy firms expected to fail
- CO2 prices to jump, government warns
- Full story: Bailout of US CO2 supplier will cost UK taxpayers millions'
London copper prices have jumped, as default fears around property giant China Evergrande ease.
Three-month copper on the London Metal Exchange rose 3.1% to $9,255 a tonne, after hitting a one-month low earlier this week.
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