Japan hikes interest rates to highest since 1995 to fight inflation from Iran war; Thames Water rescue in doubt – business live
Rolling coverage of the latest economic and financial newsThe BoJ’s interest rate hike didn’t prevent Japan’s Nikkei share index from hitting a fresh record high.The Nikkei soared through the 70,000-point mark for the first time ever, and has ended the day at a new closing high of 69,404.5 points.Reynolds is understood to be concerned that the creditors’ offer for Thames Water is “weak”, not least after “15 years of mismanagement and failure”.Those who support placing Thames into special adminis
Japan hikes interest rates to highest since 1995 to fight inflation from Iran war; Thames Water rescue in doubt – business live
Overview
Rolling coverage of the latest economic and financial news
The BoJ’s interest rate hike didn’t prevent Japan’s Nikkei share index from hitting a fresh record high.
The Nikkei soared through the 70,000-point mark for the first time ever, and has ended the day at a new closing high of 69,404.5 points.
Details
Reynolds is understood to be concerned that the creditors’ offer for Thames Water is “weak”, not least after “15 years of mismanagement and failure”.
Those who support placing Thames into special administration argue that this would give the company a fresh start by forcing existing investors to write off losses and allow the company to be sold without its existing debt pile.
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Originally published at www.theguardian.com.
