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 Sharp-eyed buyers from outside the UK are swarming the UK stock market like bargain hunters in TK Maxx. During the summer, there was a target on the back of a number of top tech companies, such as cybersecurity company Darktrace and IT company Micro Focus. They are not the only ones. Jacob Rees-Mogg is in charge of making sure that Britain doesn't lose all of its corporate jewels. The National Security and Investment Act, which went into effect this year, lets the new Business Secretary stop bad takeovers. Will he use them? That's the question. Kwasi Kwarteng, who came before him, was a dove. It's not fair to judge Rees-Mogg yet, since he just got his well-shod feet under the desk. One of his first things to do, though, was to let a US rival buy Inmarsat for £5.6 billion. OneWeb, a satellite company that is partly owned by the government, is likely to be sold to Eutelsat, which is backed by the French government. Even though satellite technology is a very important UK asse...

 Sterling and the euro both hit new lows in the early hours of Asia SYDNEY, Sept 26 Monday was the first day of the last week of the quarter. Asian stocks went down, while the dollar went up, as the idea of high interest rates and slow growth shook the markets. Image source S&P 500 futures fell 0.2%. MSCI's broadest index of Asia-Pacific shares outside of Japan was down 0.5% and at a two-year low before Hong Kong opened. It's going to lose 10% this month, which would be the most since March 2020. Japan's Nikkei fell 2%, South Korea's Kospi hit a low not seen in two years, and Australia's ASX 200 fell 1.4% to a low not seen in three months. Worries about global demand weighed heavily on mining stocks, which fell the most. Dollar reaches a new peak During slow morning trading, the dollar reached new highs against the pound, the euro, and the Australian dollar. Last week, stocks and bonds fell after the US and about six other countries raised interest rates and sai...