Financial news

• Bitcoin price: Will G20 summit ignite cryptocurrency market?

  23-03-2018 23:01 via feedproxy.google.com
  BITCOIN bounced back this week after finance leaders at the G20 2018 summit in Argentina chose not to introduce concrete measures to clamp down on the cryptocurrency market. But will the G20 summit ignite the cryptocurrency market?
  
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• Ripple price FALLS: Why is Ripple falling today? Will it return this weekend?

  23-03-2018 21:14 via feedproxy.google.com
  THE price of Ripple fell today sliding by 3.06 percent in 24 hours. But why is Ripple falling today? Will the digital currency's value return this weekend?
  
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• Universities offer to maintain pension benefits while peace talks continue

  23-03-2018 19:36 via theguardian.com
  Universities UK makes offer in order to end 14 days of disruptive strike action until end of summer termUniversities have made fresh proposals to staff in an effort to end strikes set to disrupt the exam season next term – including an offer to maintain the pension benefits at the heart of the dispute while discussions continue.Universities UK (UUK), representing employers with staff members belonging to the Universities Superannuation Scheme (USS), has made the improved offer after its pr
  
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• Sleepy world of retail mattress sales gets rude awakening

  23-03-2018 19:16 via theguardian.com
  Newcomers act like a cross between a tech firm and pizza delivery, but can they sustain it? It is not exactly the most exciting household purchase: we buy one on average every 12 years, they cost hundreds of pounds – if not thousands – and they hardly enhance the look of your home.But new businesses like Eve Sleep, Simba and Casper, which look and act like tech firms, are using massive marketing budgets to make the rather dull business of buying a new mattress seem like fun and promo
  
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• Markets rattled again by trade war fears after Chinese retaliation

  23-03-2018 18:36 via theguardian.com
  Shares fare better in Europe than Asia after China’s response to US tariffs less dramatic than fearedGlobal stock markets have been rattled again by fears of a trade war between the world’s two largest economics after China retaliated to Donald Trump’s plan to impose tariffs on up to $60bn (£42.4bn) worth of Chinese products.Hours after Trump announced the proposed import duties – which are expected to cover sectors such as robotics, hi-tech trains and aerospace &nd
  
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• WeGeneration work, rest and play together in Adam Neumann's empire

  23-03-2018 18:22 via theguardian.com
  New York entrepreneur has big plans to turn his office rental business into a provider of homes, leisure and education Adam Neumann is not satisfied with changing the way 210,000 people work and turning himself into a paper multi-billionaire in the process. Neumann, the 38-year-old co-founder and chief executive of shared office provider WeWork, wants to house, teach, train and party with the “WeGeneration”. In less than eight years, Neumann, a dyslexic who could not read until he wa
  
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• Let’s move to Eastbourne, East Sussex: ‘Things may be changing’

  23-03-2018 17:29 via theguardian.com
  Downshifting Generation X-ers and millennials are moving in and I suspect they won’t be entirely satisfied by sweet sherryWhat’s going for it? I’m sure lots of dirty – even depraved – things go on in Eastbourne, but you’d never know it. The only time it threatened to get “a reputation” was in the 1950s, when local GP John Bodkin Adams went on trial for allegedly murdering elderly patients, but he was found not guilty. A close shave. Like its most f
  
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• Prezzo to close almost 100 restaurants with loss of about 500 jobs

  23-03-2018 17:07 via theguardian.com
  Chain becomes latest in casual dining sector to undertake company voluntary arrangementAbout 500 jobs are to go at Prezzo after the restaurant chain agreed a restructuring plan that will lead to the closure of nearly 100 sites. The company, which is owned by the private equity firm TPG Capital, secured the backing of creditors for a company voluntary arrangement on Friday. The CVA will allow the Italian-themed chain to exit unprofitable branches and secure rent reductions. Continue reading...
  
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• Trump trade war threat sends world markets PLUNGING: Dow Jones, FTSE, Dax and CAC all drop

  23-03-2018 16:45 via feedproxy.google.com
  DONALD Trump’s trade war threats has caused a global stock market crisis with the Dow Jones, FTSE, Dax and Cac all plunging.
  
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• Interest rate WARNING: Homeowners told to expect rise in May

  23-03-2018 13:54 via feedproxy.google.com
  THE Bank of England has signalled that it will be most likely raising rates in May, a move which will increase mortgage borrowers’ costs.
  
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• Markets hit by trade war fears as investors prepare for the worst

  23-03-2018 13:01 via feedproxy.google.com
  GLOBAL share prices nosedived yesterday as trade war fears intensified after Donald Trump slapped tariffs on China.
  
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• Family homes under £300,000 – in pictures

  23-03-2018 13:00 via theguardian.com
  There’s plenty of space, both inside and out, in these properties located from Wales to the Inner HebridesContinue reading...
  
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• The EU could save Britain from big tech – so let’s not force-quit | Vince Cable

  23-03-2018 12:30 via theguardian.com
  Brexit is about to leave consumers with little control over their data, and the government helpless against tax avoidanceAmid the uproar provoked by the alleged misdeeds of Cambridge Analytica, one could be forgiven for missing another important tech-related story this week. On Wednesday, the European commission announced its plans to introduce an EU-wide tax on large technology companies’ revenues, as a response to their well-known practice of minimising their tax liabilities by shifting
  
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• UK tourism's post-Brexit bounce appears to be wearing off - Financial Post

  23-03-2018 12:14
  UK tourism's post-Brexit bounce appears to be wearing off
  Financial Post
  LONDON — The initial boon that the British travel and tourism sector got from the country's vote to leave the European Union appears to be wearing off. Figures from the Office for National Statistics on Friday showed that the number of overseas ...en meer »
  
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• UK Cracks Down On Bank Misconduct - PYMNTS.com

  23-03-2018 12:11
  PYMNTS.com
  UK Cracks Down On Bank Misconduct
  PYMNTS.com
  The U.K.'s Financial Conduct Authority (FCA) is taking a zero-tolerance stance on misconduct at banks. The regulator in charge of policing this has promised to detect wrongdoing more quickly and in more areas, according to Bloomberg Markets. There's a ...
  
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• US trade war: global shares plummet as China signals tariff retaliation – business live

  23-03-2018 11:40 via theguardian.com
  European shares fall after a huge sell-off overnight in Asia, reflecting investor fears over US-China tit-for-tat measures. Follow all the action here
  Trump imposes tariffs on China
  Global markets plunge as China reactsEU calls for permanent exemption from US tariffsNikkei down 4% as investors fear damaging confrontation10.40am GMT Here is our latest market roundup as China reacts to US steel tariffs: Related: Global markets plunge as China reacts to Trump’s steel tariffs10.32am GMT Peter
  
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• Global markets plunge as China reacts to Trump’s steel tariffs

  23-03-2018 11:32 via theguardian.com
  Fears of all-out trade war as Beijing says policy undermines global trading systemGlobal markets have dropped sharply after China retaliated against Donald Trump’s decision to impose tariffs on steel and aluminium, fuelling fears of an all-out trade war between the world’s two largest economies.Hours after the US president announced moves to tackle what he believes are unfair trade practices, China signalled it would hit US goods such as pork, apples and steel pipe with higher duties
  
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• Fever-Tree co-founder toasts £82.5m payday from selling shares

  23-03-2018 11:09 via theguardian.com
  Deputy chairman Charles Rolls also banked £73m last year from reducing his stakeOne of the founders of mixer maker Fever-Tree is toasting a £82.5m payday after cashing in on the firm’s recent success by selling a stake in the group.The deputy chairman, Charles Rolls, offloaded a 2.6% stake – almost doubling the number of shares he originally intended to sell after “significant” demand from institutional investors, according to a Stock Exchange announcement. Co
  
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• BITCOIN LIVE: BTC back at $8k - claims bitcoin to benefit from weakness in US stock market

  23-03-2018 11:00 via feedproxy.google.com
  BITCOIN has fallen back to $8k as some investors believe that the recent falls in the Dow Jones and S&P500 may push people in to the hands of crypto.
  
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• US steel tariffs: Asian shares plummet as China signals retaliation – live

  23-03-2018 09:24 via theguardian.com
  European markets set to dive on the opening bell on Friday after huge sell-off overnight in Asia, where US-China tit-for-tat will be most felt. Follow all the action hereNikkei down 4% as investors fear damaging confrontation
  Trump imposes tariffs on China
  Australia fears swift end to tariff exemption 8.21am GMT The FTSE 100 has fallen less than expected in early trading, currently down 33 points or 0.5% at 6,919.The losses have been limited by GlaxoSmithKline and Next, which are the top two ris
  
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• MPs demand tougher rules on night flights for Heathrow upgrade

  23-03-2018 07:01 via theguardian.com
  Transport select committee calls for seven-hour respite for locals near airport plus pledges on costTougher rules on night flights and keeping costs to passengers down are needed before parliament should approve Heathrow’s third runway, MPs have told the government.The transport select committee said it believed the London hub airport’s expansion scheme should go ahead, but only after the government addressed numerous concerns over its environmental impact. Continue reading...
  
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• The rebel bank, printing its own notes and buying back people's debts

  23-03-2018 07:00 via theguardian.com
  ‘HCSB’ in Walthamstow is selling printed ‘bank notes’ to raise money to buy local debtFirst there were the banks. Sending credit cards through the post, offering easy loans. They overstretched, teetered. Then came the billion-dollar bailouts, recession, austerity, poverty and payday loans.Then, slowly, came the movement: a piecemeal, sporadic effort to buy back the debt of ordinary people.Continue reading...
  
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• Australia's exemption from Trump steel tariff is temporary, with quotas to come

  23-03-2018 05:55 via theguardian.com
  Trade minister Steven Ciobo says US ‘could not have a fairer trade relationship’ than its one with Australia Donald Trump could yet impose import quotas on Australian steel and aluminium after it emerged the tariff exemption he granted Malcolm Turnbull would now have a deadline of 1 May.The Australian government has responded by declaring its deal with the US was “unconditional” and claiming the deadline was directed at negotiations with other nations for a more long-term
  
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• China promises to hit US with tariffs as stocks plunge amid fear of trade war

  23-03-2018 05:11 via theguardian.com
  Asian shares fall after Donald Trump’s announcement of higher duties on Chinese imports, as Beijing appeals for talks China has retaliated against Donald Trump’s decision to impose tariffs on steel and aluminium by signalling that it will hit US goods such as pork, apples and steel pipe with higher duties. Related: Trump is on path to full-scale trade war: first China, then EuropeContinue reading...
  
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• Trump reveals $60bn of fresh tariffs on China as EU wins reprieve

  23-03-2018 01:25 via theguardian.com
  US president calls on Brussels to respond in kind to temporary amnesty, while move against Beijing hits stock marketsFinancial markets have taken fright after Donald Trump fired the latest shots in an escalating trade war between the world’s two biggest economies by announcing $60bn (£42.5bn) of further tariffs on China.Amid relief in Brussels that the EU had won a temporary reprieve from Trump’s already announced action to protect the US from imports of steel and aluminium, Wa
  
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• Pound v US dollar: GBP steady as EU moves to approve Brexit transition period

  23-03-2018 01:00 via feedproxy.google.com
  THE pound US dollar exchange rate was trading within a narrow range on Friday morning. It has been floundering somewhat as markets took profit on the pound's recent rally.
  
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