Financial news

• SEC sues Elon Musk for fraud and seeks to bar him from leading a company

  27-09-2018 22:38 via theguardian.com
  Musk suggested in August that he was preparing to take Tesla private and claimed he had ‘funding secured’Elon Musk and Tesla have been sued by the Securities and Exchange Commission (SEC) for fraud over the company’s aborted plans to take the electric car company private.The move could potentially lead to Musk being banned from leading a public company, or fines for him and the company. Shares of the automaker fell more than 4% in after hours trading Thursday once the news had
  
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• McDonnell's employee plan could drive Tories to take ownership of it | Nils Pratley

  27-09-2018 21:04 via theguardian.com
  Workers want to know if they would be quids in when acquisitions happenHere’s another question about John McDonnell’s whizzy “inclusive ownership funds”, or IOFs. What happens when companies get taken over?Sky is about to be bought by Comcast for £30bn in cash, so a workers’ fund, if it held the eventual 10% stake that the shadow chancellor intends, in theory would be entitled to £3bn. Divvy up the sum among the 30,000 Sky staff and it comes to £10
  
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• Bitcoin price news - Bitcoin's volatility hits lowest level in nearly two years

  27-09-2018 19:40 via feedproxy.google.com
  BITCOIN has experienced three months of lows, however, could this be at an end judging recent volatility reports?
  
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• How has Brexit vote affected UK economy? September verdict

  27-09-2018 13:50 via theguardian.com
  Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade
  •Growing disconnect between economic and political reality
  •Experts debate the data Continue reading...
  
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• Wall Street v high street: Goldman Sachs launches 1.5% online saver

  27-09-2018 11:52 via theguardian.com
  US investment titan’s entrance into UK retail banking pressures British challenger banks to up their ratesThe launch of an online savings account by Goldman Sachs has raised hopes of higher returns for Britain’s long-suffering savers, putting pressure on other banks to up their savings rates.The Wall Street bank has entered the UK retail banking market with the launch of its Marcus savings account. It pays 1.5% interest a year, currently the highest rate on the market, although it in
  
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• Pound euro exchange rate: GBP stable amid Italian budget jitters

  27-09-2018 11:39 via feedproxy.google.com
  THE pound euro exchange rate is currently trading at €1.120, almost unchanged from today’s opening levels.
  
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• Pound US dollar: GBP drops -0.4 per cent after Fed rate hike

  27-09-2018 11:06 via feedproxy.google.com
  THE pound has opened trading today making a -0.4 per cent loss against the US dollar.
  
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• Why did we have to pay a high price for a flight compensation ‘check’?

  27-09-2018 08:00 via theguardian.com
  People who used the Flight Delay Claims Team website found they were locked into a ‘contract’ that cost them hundredsThis week’s letters have a depressingly similar theme. Travellers whose flights have been delayed and are looking into claiming compensation often light upon website Flight Delay Claims Team. This invites them to enter flight details and check whether they are eligible. Then this happens:I am being pursued for £462.54, despite never having signed a contract
  
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• First-time buyers: average salary requirement rises 18% in UK cities

  27-09-2018 07:00 via theguardian.com
  Young adults face distant prospect of getting on housing ladder, research suggestsThe average salary required by a first-time buyer to purchase a home in the UK’s biggest cities has risen by 18% in the past three years, above the rate of earnings growth – making it harder for young people to get on the housing ladder. Related: London house prices post first annual fall since 2009Continue reading...
  
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• Tech billionaire buys Australia's most expensive home for $100m

  27-09-2018 06:13 via theguardian.com
  Atlassian co-founder Mike Cannon-Brookes has bought the mansion previously owned by the Fairfax familyThe tech billionaire Mike Cannon-Brookes and his wife, Annie, have bought Australia’s most expensive home, Lady Mary Fairfax’s sprawling Point Piper mansion Fairwater.Cannon-Brookes, the co-founder of software company Atlassian, has reportedly paid $100m for the historic 1.12 hectare estate on Sydney harbour after more than a century in the hands of the Fairfax family. Continue readi
  
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• Potholes slam AA in reverse

  27-09-2018 05:14 via feedproxy.google.com
  SHARES in roadside assistance and insurance group AA slammed into reverse yesterday as it counted the cost of a “pothole epidemic” which drove the number of vehicle breakdowns to a 15-year high.
  
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• Taiwan Stock Market falls into RED after HIGHLY UNSTABLE early morning of trading

  27-09-2018 04:51 via feedproxy.google.com
  THE TAIWAN Stock Market fell into the red this morning after an erratic early morning of trading, falling by a total of five points.
  
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• Huge Bitcoin price swing IMMINENT as volatility indicator hits LOWEST point in 21 months

  27-09-2018 04:12 via feedproxy.google.com
  BITCOIN could experience an unexpected swing in its value as a three-month-long bitcoin price squeeze nears an end, a key volatility indicator has revealed.
  
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• Goldman Sachs opens rival to UK high-street banks - Financial Times

  27-09-2018 01:03
  Financial Times
  Goldman Sachs opens rival to UK high-street banks
  Financial Times
  Goldman Sachs is opening its UK consumer bank on Thursday with an offer of interest rates higher than many rivals, as the US investment banking giant seeks to poach customers from the dominant high street lenders. Marcus, the first international ...en meer »
  
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