Financial news

• UK Financial Regulation: A 'Brexit' Wild Card - Wall Street Journal

  16-06-2016 22:14
  
  Wall Street Journal
  UK Financial Regulation: A 'Brexit' Wild Card
  Wall Street Journal
  BRUSSELS—Britain's finance industry will face myriad questions if the U.K. votes to leave the European Union on June 23, including a big unknown: How will it be regulated? According to EU estimates, the U.K. generates one-quarter of all financial ...
  
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• Why the Bank of England was right to reveal Brexit anxiety

  16-06-2016 20:12
  
  Though the central bank’s warning about the EU vote may sound alarmist to Brexiters, it would be bizarre if it stayed silent on the issueMark Carney’s irritation with Bernard Jenkin is understandable. The governor of the Bank of England has been scrupulous – painfully so, at times – to stick to what he is allowed to talk about in the run-up to the referendum.He has confined himself to assessing the impact on monetary and financial stability, which Threadneedle Street is c
  
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• Government throws out student loans petition

  16-06-2016 19:23 via theguardian.com
  
  Student who started the petition says he is disappointed the government ignored responses made during the consultation processA petition opposing a retrospective rise in the cost of student loans that obtained 120,000 signatures in just a few days has been rejected by the government.Campaigner Alex True, who began the petition while doing his finals at Durham University, said he was “disappointed and disheartened” at the government’s response.Continue reading...
  
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• Leave says Bank of England 'risks economy instability' after MORE anti-Brexit predictions

  16-06-2016 17:56 via feedproxy.google.com
  
  THE Bank of England could spark financial instability in Britain with its claims over the economy and a vote to leave the European Union, according to critics.
  
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• Turkey to be EU’s THIRD biggest trade partner – so Project Fear is WRONG about Brexit

  16-06-2016 17:32 via feedproxy.google.com
  
  TURKEY may become the European Union's third largest trading partner, proving a country's business ties with the bloc can prosper without membership.
  
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• How EU vote will affect prices, property and pensions, plus lakeside homes

  16-06-2016 15:30 via theguardian.com
  
  Also, landlord mortgages nosedive after stamp duty changes, and the apps making grocery shopping a breeze
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
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• EU referendum: why the 'in' mindset has proved its worth time and again

  16-06-2016 14:31
  
  The world benefits from entering into treaties. By working with other countries and global institutions, we become safer and more prosperousAs the UK’s debate about whether to withdraw from the EU has heated up, “in” and “out” have come to define the stark choice facing voters in next week’s referendum.Related: Would the pound be weakened by Brexit?Continue reading...
  
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• British Steel pension scheme members urged to back benefits changes

  16-06-2016 13:35 via theguardian.com
  
  Trustees suggest modifications to make scheme self-sufficient and avoid having to use the government’s pensions lifeboatThe trustees of the British Steel pension scheme have asked its 130,000 members to accept scaled-back retirement benefits to avoid having to use the government’s pensions lifeboat.The trustees have been looking for a way to stop the scheme being folded into the pension protection fund (PPF), which would result in benefits being hacked back. Continue reading...
  
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• Bank of England chief sends ‘aggressive’ letter to Leave MP in row over Brexit comments

  16-06-2016 13:31 via feedproxy.google.com
  
  A TOP figure from the Leave campaign has been attacked with an “aggressive” letter from the Governor of the Bank of England amid a row over the chief's role in the EU referendum campaign.
  
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• Diners reach tipping point over gratuities

  16-06-2016 12:59
  
  Government to act over confusing and unpopular policies on service charges at restaurant chains – but will its plans work? Tipping in the hospitality sector is in the spotlight, with the government proposing a ban on restaurant owners making deductions from discretionary service charges. Unpopular tipping policies at several well-known restaurant groups have prompted government attempts to improve the treatment and transparency of tips payments for consumers and workers. Last year media in
  
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• Stock market CARNAGE amid fears the world is heading for recession

  16-06-2016 12:17 via feedproxy.google.com
  
  GLOBAL stock markets dived again on Thursday morning as panic over another world recession gathered pace.
  
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• 'I'm at the mercy of my landlord': life as a young renter

  16-06-2016 12:04 via theguardian.com
  
  If you’re under 30, you could spend half your income on renting a one-bedroom flat. How do our readers cope?How much is too much to pay for rent? Figures from the property firm Countrywide show that the average cost of a new tenancy on a one-bedroom home hit £746 a month in May. Johnny Morris, research director at Countrywide, said that in most parts of Britain rising incomes had softened the impact of increasing rents, but in London affordability was being stretched.“Many tena
  
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• Deadly shooting at Pulse nightclub was a financial windfall for gun makers

  16-06-2016 12:00 via theguardian.com
  
  When the stock market opened on Monday morning, a day after news of the mass shooting in Orlando, shares of Smith & Wesson and Sturm Ruger soaredAnother senseless act of mass murder has sadly sparked the same chain reaction. A community has gone into mourning, fear once again stalks the land. Politicians have called for a moment’s silence while refusing to do anything to stop the next one. And gun companies have emerged as the only winners.The S&P 500 has remained largely flat over
  
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• New rules to regulate Europe's hormone-disrupting chemicals

  16-06-2016 11:33 via theguardian.com
  
  European commission launches world’s first system for classifying and banning endocrine disruptors against a barrage of criticismThe European commission has launched the world’s first system for classifying and banning endocrine-disrupting chemicals (EDCs), against a barrage of criticism from scientists, NGOs, industry and consumer groups.Endocrines are hormone-altering chemicals common in everyday substances from paint to pesticides that have been linked to an array of illnesses inc
  
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• Uncertainty hurting UK financial sector - The Courier

  16-06-2016 08:30
  
  The Courier
  Uncertainty hurting UK financial sector
  The Courier
  The UK's financial services sector has suffered a further dip in confidence as competition in the market has grown to the strongest level for nine years. CBI/PwC's latest quarterly financial services survey found banks, securities traders and ...
  U.K. Financial Services Sector Optimism Weakens In Q2: CBI/PwCRTT Newsalle 9 nieuwsartikelen »
  
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• 'If diversity means giving white men more work writing about black women, we've failed'

  16-06-2016 08:24
  
  Black women need to be in control of their own stories says screenwriter Misan Sagay – and that means hiring more black talent across all aspects of film and tvScreenwriter Misan Sagay doesn’t identify with the “sassy black women” portrayed in films and on television. “I have never met a black woman who behaves like that. I wouldn’t know how to be sassy,” says the Anglo-Nigerian, a former A&E doctor. “The way black women are portrayed in film h
  
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• I fear German dominance. That’s why I’m for remaining in the EU | Simon Jenkins

  16-06-2016 08:00
  
  In the end, this referendum is about politics not economics. And a Britain that votes to stay in the club will wield serious cloutDecision time is here. The dither must stop. The referendum campaign has been tedious and infuriating, but in truth enthralling. I cannot remember a political event that has so consumed public discussion. In every pub, workplace, college and home, friends have argued, families feuded, allegiances splintered. Only the 2014 Scottish referendum came near it. For two mont
  
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• I can only afford a shared-ownership property – can I buy it to let?

  16-06-2016 08:00 via theguardian.com
  
  I hope to buy a property outright on the shared-ownership scheme, and rent it out for a few years until I am ready to move inQ I have a question about mortgages. I am currently working and renting in London, but I would like to purchase my own property. This is becoming increasingly impossible as I am single and earn a low wage.A chance I currently have is to buy a studio flat in Romford, Essex, where I grew up, through a shared ownership scheme. However, I am not ready to move back just yet, as
  
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