News: Money

Sterling at 10-month low vs euro as bears tighten grip

Wednesday  10:00,   16 august 2017
The Edge

Sterling tumbled to a 10-month low against the euro on Tuesday as weak inflation data and concerns about protracted negotiations with euro zone authorities prompted investors to pile negative bets against the British currency. LONDON (Aug[...]

Rail fares to rise by 3.6% in new year as RPI inflation rate increases in July

Wednesday  09:51,   16 august 2017
Press Association

Rail passengers will see fares rise by 3.6% when price changes come into force in the new year, according to official figures. The Office for National Statistics (ONS) said the Retail Price Index (RPI) measure of inflation, which is used to[...]

NOMURA: Sterling is stuck as long as 'the UK continues to negotiate with itself' during Brexit talks

Wednesday  02:55,   16 august 2017
MSN

The pound will remain weak until the UK stops negotiating "with itself" and begins a "meaningful dialogue" with the European Union, according to analysts at Japanese banking giant Nomura. Nomura's Jordan Rochester said[...]

Everyone's Dumping the Pound, and Real Money's Just Starting

Wednesday  02:55,   16 august 2017
Bloomberg

The pound remains unloved across investor groups, with real-money sales of the U.K. currency only just getting started, data from Bank of America Corp. show.All client types -- corporate accounts, reserve managers, hedge funds and institutional[...]

Outraged in Private, Many C.E.O.s Fear the Wrath of the President

Wednesday  02:55,   16 august 2017
The New York Times

The chief executives of Merck, Under Armour and Intel had the courage to resign as a presidential adviser, but others have been less forceful.Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do[...]

UK 'deluded' over plan for Brexit transitional period, warns Hogan

Wednesday  02:55,   16 august 2017
Independent.ie

Ireland has threatened to block Britain's plans for a two-year transition period after Brexit amid a furious row over customs arrangements. Ireland's EU Commissioner Phil Hogan said this country could be the "biggest victim of this mess" and[...]

Gates Makes Largest Donation Since 2000 With $4.6 Billion Pledge

Wednesday  02:51,   16 august 2017
Bloomberg

(Bloomberg) -- Bill Gates made his largest gift since the turn of the century, giving away Microsoft Corp. shares that accounted for 5 percent of his fortune, the world’s biggest. The billionaire donated 64 million of the software maker’s shares[...]

How Exactly Do You Get Rich Off The Hot New Cryptocurrency?

Wednesday  02:50,   16 august 2017
Gizmodo Australia

With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. But how easy is it to make your fortune in cryptocurrency? With the meteoric rise in popularity of Ethereum, cryptocurrencies and [...]

Brace for Pound Turbulence as Economics and Politics Collide

Wednesday  02:50,   16 august 2017
Bloomberg

The pound may be in for a bout of volatility, according to analysts at ING Groep NV, after a week that saw the currency confined to its tightest range versus the dollar in almost three years. Sterling slipped to its weakest level versus the euro in[...]

Pay to rise by just 1% in next year - forecast

Wednesday  02:50,   16 august 2017
Sky News

Wages are expected to rise by only 1% in the next year because of an over-supply of job applicants, according to a new forecast. The report, by the Chartered Institute of Personnel and Development (CIPD) and staffing group Adecco, said a strong[...]

May to lead business delegation to Japan

Wednesday  02:50,   16 august 2017
Reuters

Prime Minister Theresa May will visit Japan this month for talks with her Japanese counterpart Shinzo Abe to discuss Brexit, trade and defence, her office said on Tuesday. May will lead a business delegation drawn from a range of different sectors[...]

Tata Steel gets regulatory approval for UK pension deal

Sunday  21:40,   13 august 2017
Reuters

India's Tata Steel Ltd (TISC.NS) has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a possible merger between its British and European steel businesses and those of[...]

Elon Musk issues a stark warning about A.I., calls it a bigger threat than North Korea

Sunday  21:40,   13 august 2017
CNBC

Tesla CEO Elon Musk fired off a new, ominous warning on Friday about artificial intelligence, saying it was a greater risk than North Korea.Musk—a fierce and long time critic of A.I. who once likened it to "summoning the demon" in a horror[...]

Record-breaking summer for renewable power

Sunday  09:30,   13 august 2017
Sky News

Supplies of renewable energy, such as solar and wind power, have outstripped fossil fuels this summer. On 26 May, solar panels produced more than a quarter of all electricity needed in the country, with windy and bright conditions helping renewable [...]

Markets extend losses on North Korea fears

Saturday  11:36,   12 august 2017
Sky News

Global stock markets have sunk further into the red after Donald Trump ratcheted up his fiery rhetoric over North Korea's nuclear threats.London's FTSE 100 closed about 80 points, or more than 1%, lower on Friday, adding to a slump of more than[...]