The world this week--Business
本周国际要闻--商业
Markets took fright at the British government’s announcement of huge tax cuts.
市场对英国政府宣布的大幅减税感到恐慌。
The cuts, laid out by Kwasi Kwarteng, the new chancellor of the exchequer, include reductions to payroll taxes, income taxes and stamp duty.
新任财政大臣夸西·克瓦滕提议的削减措施包括削减工资税、所得税和印花税。
Investors were perturbed by the amount of borrowing required to pay for the cuts, the biggest for half a century.
投资者对为减税所需买单的借款数额感到不安,这是半个世纪以来的最大一次。
Mr Kwarteng had disregarded common practice by not asking the Office for Budget Responsibility, an independent watchdog, for its assessment.
克瓦滕无视惯例,没有要求预算责任办公室(一个独立的监督机构)对其进行评估。
The Treasury tried to reassure markets by announcing that he would unveil a medium-term fiscal plan, but not until November 23rd.
财政部试图通过宣布他将公布中期财政计划来安抚市场,但要等到11月23日才会公布。
“The markets will react as they will,” said Mr Kwarteng after producing his tax cuts.
克瓦滕在提出他的减税方案后表示:“市场的反应将如期而至。”
The pound was hammered, dropping briefly to its lowest level on record against the dollar.
英镑受到重创,兑美元汇率一度跌至历史最低水平。
It also fell sharply against other currencies.
英镑兑其他货币的汇率也大幅下跌。
The cost of British government debt soared; the yield on ten-year bonds rose to 4.3%, up by one percentage point over a week.
英国政府债务成本飙升;十年期债券收益率升至4.3%,一周内上升了一个百分点。
Banks withdrew hundreds of mortgage products because of the uncertainty.
由于不确定性,英国各银行撤回了数百种抵押贷款产品。
Citing a “material risk” to Britain’s financial stability, the Bank of England intervened.
英国央行以英国金融稳定面临“重大风险”为由进行了干预。
It said it would buy long-term government bonds for 13 days on whatever scale is necessary “to restore orderly market conditions”.
英国央行表示,无论规模有多大,都要购买为期13天的长期政府债券,以“恢复有序的市场状况”。
The rout in British gilts was the most dramatic element of a wider sell-off in government bonds.
英国金边债券暴跌是政府债券大范围抛售最显著的因素。
Yields have been rising as the Federal Reserve talks tough on inflation.
随着美联储在通胀问题上态度强硬,其收益率一直在上升。
The yield on the US ten-year Treasury bond touched 4% before falling back.
美国十年期国债收益率在回落之前触及4%。
Stockmarkets also had a rollercoaster week.
股市也经历了过山车般的一周。
The S&P 500 fell to its lowest level in nearly two years and the Dow Jones Industrial Average entered bear territory when it reached 20% below its peak in January.
标准普尔500指数跌至近两年来的最低水平,道琼斯工业股票平均价格指数在1月份比峰值低20%,进入熊市区域。
The IMF urged Britain to re-evaluate the tax cuts.
国际货币基金组织敦促英国重新评估减税措施。
It said it was monitoring the situation and was “engaged with the authorities”, statements it would normally make when a developing economy faces a sudden crisis.
该组织表示正在密切关注形势,“与当局进行接触”。这是当发展中经济体面临突然危机时,该组织通常会发表的声明。
The fund said it would not recommend introducing a “large and untargeted” fiscal package, “given elevated inflation pressures”.
该组织表示,“鉴于通胀压力加大”,不会建议推出“大规模且无针对性的”财政方案。
Sterling is not the only currency to have tumbled against the dollar this year.
英镑并不是今年兑美元汇率暴跌的唯一货币。
The euro and the yen have also fallen.
欧元和日元也出现了下跌。
The Chinese yuan dropped this week to a near 14-year low, threatening to break its trading range around the dollar, despite interventions by China’s central bank.
人民币汇率本周跌至近14年来的最低点,尽管中国央行进行了干预,但人民币兑美元汇率仍有可能突破交易区间。
The Indian rupee sank to a new low.
印度卢比跌至新低。
House prices in America rose by 15.8% in July, year on year, according to the S&P CoreLogic Case-Shiller Index.
根据S&P CoreLogic Case-Shiller指数,美国房价7月份同比上涨15.8%。
In June prices rose by 18.1%.
6月份,价格上涨了18.1%。
The decline of 2.3 percentage points in the growth rate was the largest ever for the index.
增长率下降2.3个百分点,是该指数有史以来最大的降幅。
With interest rates on the rise, mortgage finance has become more expensive, which could see home prices continue to cool.
随着利率的上升,抵押贷款变得更加昂贵,这可能会导致房价继续降温。
America’s Department of Transportation approved plans to develop infrastructure for electric vehicles in all 50 states, and build a network of charging points covering 75,000 miles (120,700km) of highway across the country.
美国交通部批准了在全国50个州发展电动汽车基础设施的计划,并在全国修建覆盖75000英里(120,700公里)高速公路的充电站网络。
Meanwhile Hertz struck a deal with BP’s EV charging business to build a network of stations for its rental cars.
与此同时,赫兹与英国石油公司达成电动汽车充电协议,为其租赁汽车建立一个充电站网络。
Hertz is aiming for 25% of its fleet to be electric by the end of 2024.
赫兹的目标是到2024年底,该公司的车队25%为电动汽车。