Finance news

• Is The End In Sight For Alaska’s Oil Based Economy?

  19-06-2016 23:00 via news.yahoo.com
  Alaska is beginning to feel the impact of both the oil crisis and its ageing oil fields, with the governor is considering the possibility of implementing income tax for the first time in 36 years
  
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• Wall Street Week Ahead: Heavy trading predicted around Brexit vote

  19-06-2016 19:08 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - U.S. stock markets could see heavy trading and increased volatility as investors position for next week's referendum on whether Britain remains in the European Union.
  
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• Polls show Spain's left-wing bloc could clinch majority

  19-06-2016 15:36 via news.yahoo.com
  
  By Sarah White and Carlos Ruano MADRID (Reuters) - Spain's two main left-wing parties could come close to clinching a combined parliamentary majority, several opinion polls showed on Sunday, a week before the country votes in its second election in six months. Spain's political vacuum has yet to substantially derail an economy which is on course to grow faster than most euro zone peers this year, by 2.7 percent.
  
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• Germany's Schaeuble calls for stronger EU days before British vote

  19-06-2016 14:44 via news.yahoo.com
  Germany's veteran Finance Minister Wolfgang Schaeuble made an impassioned plea for a stronger, unified European Union on Sunday, days before Britain votes on whether to leave the bloc. Schaeuble did not mention Britain directly but said no country in Europe would be able to cope with the challenges of the 21st century on its own. "Our European (Union) is not perfect," Schaeuble said in a speech during an award ceremony at the IfW economic institute in Kiel, but it remained the best way to confro
  
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• India seen pressing ahead with bank clean-up despite Rajan exit

  19-06-2016 13:51 via news.yahoo.com
  
  By Devidutta Tripathy and Neha Dasgupta MUMBAI (Reuters) - India's move to clean up the books of its banks saddled with $120 billion of sour loans will be largely unaffected by the decision of central bank chief Raghuram Rajan to step down, say bankers and government officials. As banks struggle with record levels of distressed assets, Rajan had set an ambitious March 2017 deadline for them to fully reveal the problem loans and make adequate provisions. Rajan's decision to bow out in September h
  
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• China's Xi sees Serbia as milestone on new 'Silk Road'

  19-06-2016 13:41 via news.yahoo.com
  
  By Ivana Sekularac SMEDEREVO, Serbia (Reuters) - Serbia could play a significant role in Beijing's ambitious plan for a new "Silk Road" to boost trade with Europe, Asia and Africa, Chinese President Xi Jinping said on Sunday. Xi said China was ready for more cooperation with Belgrade during a visit to Serbia that has seen his country strengthen its economic presence in the Balkans with more than 20 finance and infrastructure deals. China's One Belt, One Road initiative, intended to open new trad
  
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• Osborne - Brexit hit to economy could be worse than forecast

  19-06-2016 13:31 via news.yahoo.com
  British finance minister George Osborne said he believed that the hit to the country's economy from a vote to leave the European Union on Thursday could be more severe than the most likely scenario forecast by the government. Personally, I think it's possible that it could be quite a lot worse than that," Osborne said in an interview with ITV television on Sunday. The finance ministry estimated in May that a vote to leave the EU would mean the economy would be 6 percent smaller within two years
  
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• UK's Osborne: Brexit hit to economy could be worse than forecast

  19-06-2016 11:43 via news.yahoo.com
  British finance minister George Osborne said he believed that the hit to the country's economy from a vote to leave the European Union on Thursday could be more severe than the most likely scenario forecast by the government. Personally, I think it's possible that it could be quite a lot worse than that," Osborne said in an interview with ITV television on Sunday. The finance ministry estimated in May that a vote to leave the EU would mean the economy would be 6 percent smaller within two years
  
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• Britain's rival EU campaigns restart as polls show momentum for 'In'

  19-06-2016 10:08 via news.yahoo.com
  
  By William James LONDON (Reuters) - The campaign to decide Britain's membership of the European Union restarted on Sunday after a three-day hiatus following the killing of lawmaker Jo Cox, with Prime Minister David Cameron warning that Britons faced an "existential choice" on Thursday. Campaigning activities ahead of the June 23 EU referendum resumed as two opinion polls showed the 'Remain' camp recovering some momentum, although the overall picture remains one of an evenly split electorate. "So
  
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• Tracing the global market thread that could be unravelled by Brexit

  19-06-2016 08:38 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - If Britons vote to take their country out of the European Union on June 23, no corner of the global financial market complex will emerge unscathed. The invisible thread that links assets as diverse as gold, bank stocks, the Japanese yen and government bonds would be yanked sharply by Brexit, an event the Bank of England said on Thursday risks "adverse spill-overs to the global economy". With global interest rates and bond yields the lowest on record, central
  
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• Tracing the global market thread that could be unraveled by Brexit

  19-06-2016 08:13 via news.yahoo.com
  
  If Britons vote to take their country out of the European Union on June 23, no corner of the global financial market complex will emerge unscathed. The invisible thread that links assets as diverse as gold, bank stocks, the Japanese yen and government bonds would be yanked sharply by Brexit, an event the Bank of England said on Thursday risks "adverse spill-overs to the global economy". With global interest rates and bond yields the lowest on record, central banks running low on crisis-fighting
  
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• IRS Warns On Charity Scams Following Orlando Tragedy

  19-06-2016 00:23 via news.yahoo.com
  Days after the deadliest mass shooting in the United States, the Internal Revenue Service (IRS) issued a consumer alert about possible fake charity scams.
  
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