Financial news

• Gold Ferrari and 24-carat bedding go up for auction at Sotheby's

  16-10-2018 19:33 via theguardian.com
  London auction house to hold its first-ever sale devoted entirely to the precious metal“People are actually really surprised at how soft they,” the auctioneer Constantine Frangos said, as he described 24-carat gold and silk bedsheets that will go on sale at Sotheby’s auction house in London in the first all-gold auction. Continue reading...
  
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• 'Stop austerity!' Italy leader in warning shot to EU chiefs over budget Rome is 'PROUD of'

  16-10-2018 15:24 via feedproxy.google.com
  THE Italian Prime Minister has declared “austerity is no longer viable” in a warning to the European Union over the nation’s controversial budget proposal. Giuseppe Conte stood defiant on the government’s spending plans, saying that Italy was presenting Brussels with a budget they are “proud of”.
  
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• Natural gas futures SOAR: Supplies BELOW average levels as COLD SNAP to SWEEP across US

  16-10-2018 15:08 via feedproxy.google.com
  NATURAL gas futures soared on Monday as a bitter snap of below-average cold weather was forecast to sweep the United States. Fears are now growing that the US is “starting off the winter with a big hole in our supply” as soaring demand comes at a time when supplies are below the five-year average levels.
  
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• India rupee CRASH WARNING: 'Raise interest rates or risk WEAKER currency’ – Dr Doom

  16-10-2018 11:53 via feedproxy.google.com
  INDIA must raise interest rates or risk having an even weaker rupee over time, according to a prominent investor and economic analyst known as ‘Dr Doom’. The languishing rupee is currently the worst-performing currency in Asia and has lost around 14 percent of its value against the US dollar this year.
  
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• Taxes on buy-to-let landlords have not pushed up rents, study says

  16-10-2018 11:50 via theguardian.com
  Generation Rent says number of first-time buyers has risen despite landlords’ warningsWarnings by landlords that taxes on buy-to-let would cripple the property market, driving down supply and pushing up rents, have turned out to be entirely hollow, according to research by campaign group Generation Rent.It found that since the “bombshell” introduction of taxes on buy-to-let landlords in George Osborne’s 2015 budget, rents have fallen in real terms. Continue reading...
  
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• Pound euro exchange rate: GBP jumps as UK wage growth hits nine-year high

  16-10-2018 11:43 via feedproxy.google.com
  THE pound has risen by 0.3 per cent against the euro today, hitting an exchange rate of €1.139. This advance comes on forecast-beating UK earnings data.
  
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• Pound US dollar exchange rate: GBP punches higher as UK wage growth reaches nine-year high

  16-10-2018 11:39 via feedproxy.google.com
  THE pound US dollar exchange rate is up around 0.3 per cent from the morning opening level, helping to bump the pairing back above $1.32. The pound is accelerating against the US dollar and many of its other currency peers today as markets welcome the news that UK wage growth is finally beginning to pick up again.
  
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• UK wage growth SOARS at fastest rate since financial crisis almost 10 YEARS ago

  16-10-2018 11:01 via feedproxy.google.com
  UK WAGE growth has accelerated at the fastest rate in almost a decade, rising by an average of 3.1 percent in the three months to August. Official figures from The Office for National Statistics also showed that the number of people in work has remained at a near-record high despite a slight fall in employment.
  
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• Pound LIVE: Sterling SOARS against euro on UK wage growth – May summons Cabinet for Brexit

  16-10-2018 09:36 via feedproxy.google.com
  THE pound edged higher against the euro this morning after positive UK growth data showed wages have risen at their fastest pace in nearly a decade. It comes ahead of a crucial 48 hours for Brexit, with Theresa May due to meet her divided Cabinet this morning as she attempts to rally her ministers to salvage her EU divorce strategy.
  
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• Norwegian Airlines won't give me compensation for a cancelled flight

  16-10-2018 07:59 via theguardian.com
  It tried to avoid a payout by claiming a punctured tyre was an ‘extraordinary circumstances’I am a member of the Facebook page “Norwegian Airlines Experiences from Hell” citing numerous nightmares people have endured. Our original flight to Gatwick was due to depart Fort Lauderdale at 22.00 on 16 February. As the plane was pushed off from the gantry we were told that it ran over debris, which punctured the tyres. We disembarked and queued for several hours for information
  
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• Teaching women financial capability is the first step in fighting domestic violence | Jane Hume

  16-10-2018 02:09 via theguardian.com
  Rather than responding to abuse after the fact, helping women confidently navigate financial arrangements is more effectiveAs the political beltway consumed itself in a fight over what was allowed to feature on the Sydney Opera House and the rest of the country remained glued to the Bachelor finale, six Australian women were killed.It is easy to feel powerless when confronted with tragic news of women being killed or beaten by those who purport to love them. Continue reading...
  
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• Paul Allen, co-founder of Microsoft, dies aged 65

  16-10-2018 02:06 via theguardian.com
  Allen, diagnosed with non-Hodgkin lymphoma, hailed as ‘a great technology pioneer’ and innovator of the personal computer
  Paul Allen, who co-founded Microsoft with his childhood friend Bill Gates, has died. He was 65.Allen’s company Vulcan said in a statement that he died Monday. Earlier this month Allen said the cancer he was treated for in 2009, non-Hodgkin lymphoma, had returned. Continue reading...
  
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• UK in-store contactless payments overtake chip and pin – Worldpay

  16-10-2018 01:01 via theguardian.com
  June analysis has 51% of such transactions being contactless, rising to 52% in JulyContactless payments are now more popular than chip and pin card transactions when people pay in UK stores, according to the payments technology company Worldpay.The company, which processes payments for large retailers as well as small businesses, said it was the first time it had seen “tap and go” contactless payments overtake chip and pin. Continue reading...
  
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• Hammond 'would need £19bn a year to meet May's end of cuts vow'

  16-10-2018 01:01 via theguardian.com
  Aim unlikely to be compatible with balancing the books, says IFS in pre-budget viewPhilip Hammond will need £19bn from higher taxes, extra borrowing or faster-than-expected growth if this month’s budget is to fulfil the prime minister’s promises to end austerity and boost NHS spending, according to the UK’s leading experts on the public finances.The Institute for Fiscal Studies said the pledge by Theresa May at this year’s Conservative party conference to end eight
  
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