Financial news

• UPDATE 2-Colombia central bank hikes rate 25 bps to stem inflation, current account woes

  18-03-2016 23:58
  
  BOGOTA, March 18 (Reuters) - Colombia's central bank raised its benchmark lending rate on Friday to 6.50 percent, the seventh consecutive monthly increase, as policymakers grapple with high inflation figures and a deep current account deficit.
  
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• UPDATE 1-Brazil central bank seeks to weaken real with reverse swaps

  18-03-2016 23:58
  
  SAO PAULO, March 18 (Reuters) - Brazil's central bank plans to auction up to $1 billion worth of reverse currency swaps on Monday, in an indication that policymakers are uneasy with recent gains in the real that could worsen the magnitude of the nation's harshest recession in decades.
  
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• UPDATE 2-BlackRock's Larry Fink paid nearly $26 million in 2015

  18-03-2016 23:44
  
  NEW YORK, March 18 (Reuters) - BlackRock Inc, the world's largest asset manager, raised total compensation for Chairman and Chief Executive Larry Fink by about 8 percent in 2015, according to a filing on Friday.
  
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• British Columbia to crack down on property market 'shadow flipping'

  18-03-2016 23:15
  
  VANCOUVER, March 18 (Reuters) - British Columbia pledged on Friday to crack down on real estate contract assignments - dubbed "shadow flipping" by local media - in a new effort to help cool down red hot housing markets, particularly in the Vancouver area.
  
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• Tampon tax to be scrapped, announces Osborne

  18-03-2016 20:58
  
  Government says it has won EU backing for change in rules which imposed 5% VAT on women’s sanitary productsGeorge Osborne has announced that he will abolish the tampon tax – the 5% VAT charged on women’s sanitary products – after the prime minister raised the issue with his European partners at a summit in Brussels.The chancellor had faced a potential rebellion over the issue, after an amendment tabled by the Labour MP for Dewsbury and Mirfield, Paula Sherriff, won the ba
  
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• Pop-up village in south-east London to house homeless families

  18-03-2016 19:15
  
  Place/Ladywell temporary homes project is Lewisham council’s solution to housing people in B&Bs A council in south-east London has created what it describes as “the UK’s first pop-up village” to house families who are forced to live in B&Bs in other parts of the capital.Rapidly rising property prices and rents, combined with the loss of social housing through right to buy, have put councils under growing pressure to find new ways to help people off their housing l
  
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• Cambridge house prices rise nearly 50% since 2010

  18-03-2016 19:14
  
  Median price of £360,000 is higher than anywhere except London and St AlbansHouse prices in Cambridge have risen at a faster rate than those in any other town and city in England and Wales since 2010, according to official data that lays bare the growing north-south divide in property values.The median price paid by buyers in the university city increased by 47% between the year ending in the second quarter of 2010 and the same period five years later, figures from the Office for National
  
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• Stamp duty weighing on luxury housing market, says Berkeley

  18-03-2016 17:54
  
  High-end housebuilder says transaction levels in London and south-east have been hit by tax increaseBerkeley said that higher stamp duty has hit the luxury London housing market, sending its shares and other housebuilding stocks lower.The upmarket housebuilder, which focuses on London and the south-east, said reservations for new homes were 4% lower between November and February, compared with the same period a year earlier. It sold 62 homes worth more than £2m each, a similar number to a
  
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• Let’s move to Steyning, West Sussex

  18-03-2016 17:29
  
  If Brighton’s getting a bit lively for you, nearby Steyning might be perfectWhat’s going for it? Brighton is so, like, over. 2016 is all about Steyning. OK, not all about Steyning. But a bit. Small market towns are where most people want to live these days, and are happiest, said so-and-so’s report the other week. I can believe it. I quite understand why you moved to Brighton. Escape the rat race. Images of nightly cocktails on the beach jiggering to Fatboy Slim. But face facts
  
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• Boeing gives Brexit ANOTHER 'fantastic' boost by picking Britain for new European HQ

  18-03-2016 16:26 via feedproxy.google.com
  
  THE world's largest aircraft maker has made the case for leaving the union even stronger by choosing Britain for its new European headquarters.
  
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• Interest rates held at record low as forecasters predict ANOTHER fall

  18-03-2016 15:15 via feedproxy.google.com
  
  INTEREST rates were held at their record low by the Bank of England yesterday.
  
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• Europe on the BRINK: Financial disaster looms for Eurozone as markets plunge into the RED

  18-03-2016 15:15 via feedproxy.google.com
  
  EUROPE's top stock markets plunged into the red AGAIN on Friday amid panic over the future of some of the continent's biggest companies.
  
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• Cash trashed as investors hunt far and wide for yield -BAML

  18-03-2016 14:27
  
  LONDON (Reuters) - Investors continued their hunt for yield last week, posting the biggest withdrawal from cash in almost a year and accumulating the largest inflow into high-yield bonds in four years, Bank of America Merrill Lynch said on Friday.
  
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• Believe it or not, George Osborne, some people are too poor to save| Rhiannon Lucy Cosslett

  18-03-2016 14:08
  
  The government paints impoverished citizens as flawed, parasitic and profligate. So it’s little surprise that others feel free to call them scroungersThe announcement of the government’s Help to Save initiative as part of Wednesday’s budget will be of little comfort to those people living pay cheque to pay cheque – an increasingly significant proportion of the population.Almost half of UK adults have less than £500 set aside for emergencies. The Tories hope to comba
  
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• Banking scams push up UK financial fraud 'by more than 25%' - The Guardian

  18-03-2016 12:31
  The Guardian
  Banking scams push up UK financial fraud 'by more than 25%'
  The Guardian
  Fraudsters managed to steal £755m from British consumers and financial institutions during 2015 – a 26% increase on the year before. Financial Fraud Action UK said the biggest growth area was remote banking fraud, which typically sees fraudsters posing ...
  Deception scams drive increase in financial fraud - FFA UKFinextra (press release)alle 50 nieuwsartikelen »
  

• Investor Woodford calls for outsider to head GlaxoSmithKline

  18-03-2016 10:10
  
  LONDON (Reuters) - Fund manager Neil Woodford, a top investor in GlaxoSmithKline and a critic of the drugmaker's current structure, said on Thursday he wanted to see an outsider replace Andrew Witty as the group's chief executive.
  
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• Banned by Amazon for returning faulty goods

  18-03-2016 10:08
  
  Greg Nelson has bought 343 items from the online giant since 2014. But after sending 37 back he is now blocked from using it and can’t reclaim his credit balanceComputer programmer Greg Nelson is a self-confessed Amazon addict, buying hundreds of items on its site. But after sending back 37 items of 343 purchased, the online giant has blocked his account with immediate effect – and told him he would lose a gift card balance that he had on the account.He insists there was a genuine re
  
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• Tony Blair has turned profiting from others’ misery into an art form

  18-03-2016 09:03
  
  The Blairs are yet another example of people jumping on the property gravy train. The housing crisis tells you a lot about British societyHow much money will it take to make Tony Blair happy? Given the opportunity, most people would surely rest after a decade of running the country. Blair, on the contrary, appears to have spent every waking hour focused on amassing as much wealth as possible, seemingly intent on increasing his worth to match that of a small country. It should come as no surprise
  
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• Surreal estate: a modern masterpiece in Scotland – in pictures

  18-03-2016 08:00
  
  This contemporary home lies hidden behind an old walled garden in FifeContinue reading...
  
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• I want to quit my teaching job but am anxious about telling my boss

  18-03-2016 08:00
  
  Am I wrong in wanting to leave when I enjoy the role so much? How do I tell my colleague, who I fear will feel betrayed?
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I am young (mid-20s) and two years into my teaching career. I t
  
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• I want to delete Asda, but its ‘smooth checkout’ is cutting up rough

  18-03-2016 08:00
  
  Can I force the supermarket to erase my credit card details?I placed an online order with Asda and, after delivery, logged into my account with the intention of deleting my credit card details. There was no option to do this; only add extra cards. There was also no option to delete the account. Asda said it could suspend it but not delete it. In the wake of the recent hacking of TalkTalk, can it be made to do so? MS, LondonAsda tells me its motives are entirely altruistic as customers want to sh
  
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• Sea-level rises: why flooding is the next big business risk

  18-03-2016 07:00
  
  A new breed of insurers, risk analysts and designers is aiming to help businesses and homeowners prepare for rising sea levelsAs climate change risks go, rising sea levels fail to sound the same alarm bells as dramatic weather events and melting ice caps. Yet their long-term effects are among the most alarming. Flooded cities, submerged costal areas, mass migrations.According to recent research, the world’s oceans rose by 14cm last century. If we’re lucky, that number will merely dou
  
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• Toshiba confirms SEC investigation as accounting woes spread to US

  18-03-2016 04:28
  
  Securities commission and justice department examining ‘accounting problem’ at American units, says Japanese corporation, amid profit-padding crisisToshiba has announced its American businesses are cooperating with US authorities over alleged accounting irregularities, a day after its shares tumbled on a report it was under investigation.Related: Toshiba boss quits over £780m accounting scandalContinue reading...
  
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• Archant boosts profits and pays first dividend since 2012

  18-03-2016 01:01
  
  Local newspaper publisher, whose titles include the Eastern Daily Press and Ham & High, achieves 20% increase without cutting staffLocal newspaper publisher Archant is to pay its first dividend since 2012 after recording a 20% increase in profits to £9.6m in 2015.The Norwich-based publisher, which runs 130 titles including the Eastern Daily Press and the Ham & High newspapers as well as glossy magazines, said the increase in profits over 2015 had been achieved without cutting staff
  
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• Australian dollar soars to nine-month high on US Fed's dovish comments

  18-03-2016 00:01
  
  On Friday, the Australian currency was trading at US76.43 cents, up from 75.97c on ThursdayThe Australian dollar has soared to a nine-month high on the back of the US Federal Reserve’s dovish comments about interest rates.On Friday afternoon the local unit was trading at US76.43 cents, up from 75.97c on Thursday. Continue reading...
  
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