Financial news

• Donald Trump and Xi Jinping miss a trick over trade | Jeffrey Frankel

  22-03-2019 20:04 via theguardian.com
  US-Japan agreement on structural reforms in 1990 could be model for current China talksPresident Donald Trump has postponed until at least April the supposed deadline for concluding the United States’ trade negotiations with China. A good outcome for both sides would be reached if China agreed to protect property rights better and reduce the state’s role in its economy; the US agreed to strengthen national saving and public investment; and both sides agreed to reverse their recent ta
  
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• Austerity forcing arts institutions to accept gifts from billionaires

  22-03-2019 20:03 via theguardian.com
  Art Fund director warns of ‘risks’ as criticism mounts of Sackler trust donations of £80m More than £100m of government cuts to annual arts funding has forced the nation’s top art galleries, theatres and opera houses to accept gifts from billionaires, including the controversial Sackler family, which made a fortune from the deadly opioid painkiller crisis.A top art funding chief and Labour’s arts minister said austerity cuts have pushed galleries and instituti
  
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• The real problem in pricing of annuities | Letter

  22-03-2019 18:01 via theguardian.com
  Prof David Blake of Cass Business School and Prof Edmund Cannon and Prof Ian Tonks of the University of Bristol respond to a piece on last Saturday’s Money pagesPatrick Collinson complains about annuity rates in 2016 (Annuities: a £4bn pension heist or a great opportunity to buy?, 16 March). But over the last five years rates have closely tracked government bond yields, and only fell in the summer of 2016 when bond yields also fell. There is no evidence that annuity rates changed sig
  
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• Your money, your choices: could investing be a better option than saving?

  22-03-2019 17:59 via theguardian.com
  Despite recent small increases, interest rates on the whole look set to remain low – so are there better options at hand to simply holding on to your cash?When interest rates are at low levels, it can be difficult to see the point of saving, particularly when inflation remains the higher figure. Although the Bank of England nudged up the basic rate to 0.75% last year, it was just the second rise in over a decade.For some, moving away from the world of savings into a new world of investing
  
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• Life's important milestones: how to save for the big moments

  22-03-2019 17:59 via theguardian.com
  Taking time to set goals, thinking about what your priorities are, and putting in place a savings scheme for the future are all essential elements in good planning for your financial freedomMany of life’s most important milestones – buying your first home, getting married, starting a family and preparing for retirement – have one thing in common: the need for money. The amount you have will determine what sort of plans you can turn into reality.Putting together a financial plan
  
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• Saving for your kids or starting a business: what's next for your money?

  22-03-2019 17:57 via theguardian.com
  From savings and investments to debt clearance, we ask UK residents what goals they have for their money. Are Britons planning enough?Everyone has different financial goals with different ultimate aims – from launching a business to buying a house to investing for a better retirement. But how many of us have the right structures and plans in place to actually reach them?According to a report by HSBC, the answer is not many. The bank found that while most people surveyed were aware of the
  
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• Let’s move to Winchester: where all is right with the world

  22-03-2019 17:29 via theguardian.com
  The streets are lined with the homes of your dreams… just don’t expect anything edgyWhat’s going for it? I sense that Winchester has never fallen on particularly hard times – perhaps when the Romans left? These days, though, the town, lush and leafy in its hollow at the start (or end) of the South Downs, regularly cavorts in, if not tops, “10 most prosperous/gorgeous/popular/la-di-da places to live” league tables. It is lovely. Really lovely. The streets are
  
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• Recession LOOMS? Biggest indicator shrinks to NARROWEST level since 2007

  22-03-2019 16:38 via feedproxy.google.com
  FEARS of a slowdown in global growth intensified today as the spread between the three-month Treasury bill yield and the 10-year note yield shrank to its narrowest level since August 2007.
  
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• False rally reveals laziness of bitcoin

  22-03-2019 15:57 via feedproxy.google.com
  BITCOIN’S inability to deliver any excitement to the markets is fast-becoming something that looks like it could be a long-term fixture on the crypto calendar. To all intents and purposes, the volatile up and down movement which has provided plenty of thrills and spills for investors is grinding to a halt.
  
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• Pound euro exchange rate: GBP rises as German manufacturing falls deeper into contraction

  22-03-2019 14:56 via feedproxy.google.com
  THE pound euro exchange rate has recovered from yesterday’s three-week low today and is currently trading at around €1.159.
  
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• Pound US dollar exchange rate: GBP fluctuates as May granted short Article 50 extension

  22-03-2019 14:51 via feedproxy.google.com
  THE pound slipped against the US dollar this morning, taking the pairing to an inter-bank rate of $1.311.
  
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• Eurozone CRUMBLES: Factory activity contracts at fastest pace in SIX years – euro PLUMMETS

  22-03-2019 12:46 via feedproxy.google.com
  THE eurozone economy has been rocked by weak manufacturing data with factory activity contracted at the fastest pace in nearly six years.
  
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• GERMANY CRISIS: Manufacturing falls to 79-MONTH LOW - Merkel feeling Brexit pressure

  22-03-2019 11:30 via feedproxy.google.com
  GERMANY’S manufacturing sector has contracted for the third month in a row, falling to its lowest level since 2012.
  
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• Pound LIVE: GBP higher against WEAKENED euro – eurozone manufacturing DRAGS DOWN bloc

  22-03-2019 10:10 via feedproxy.google.com
  THE pound staged a recovery this morning, climbing higher against a weakened euro after disappointing manufacturing data from the eurozone dragged down the bloc.
  
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• Income tax calculator: Income tax allowance to RISE - how to check your income tax band

  22-03-2019 08:00 via feedproxy.google.com
  INCOME tax personal allowance is due to rise in April - so how can you check your tax band?
  
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• Homes for sale in castles – in pictures

  22-03-2019 08:00 via theguardian.com
  Treat yourself like a king with these five properties, from Buckinghamshire to Scotland Continue reading...
  
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• A woman's work is never done: twice as many still going at 65

  22-03-2019 07:00 via theguardian.com
  Highest employment figures on record driven by older people who won’t – or can’t – retireDee Flower tried to retire last year, at the age of 68. It seemed, the former recruitment specialist said, like a good idea. “I found myself thinking, ‘I guess it’s about time to retire now.’”Flower’s decision to reverse the move a month later is one of the reasons the British economy set a new employment record this week. The number of people emplo
  
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