News: Money

Britain could join NAFTA if it fails to get Brexit trade deal: Telegraph newspaper

Tuesday  20:54,   10 october 2017

Britain could join the North American Free Trade Agreement (NAFTA) if it doesn't get a post-Brexit trade deal with the European Union, the Daily Telegraph newspaper reported on Tuesday. The newspaper said ministers were looking at the idea as[...]

ONS labour blunder could lead to "one or two" more interest rate hikes

Tuesday  20:54,   10 october 2017
City AM

A blunder by the Office for National Statistics (ONS) could lead to Bank of England policymakers signalling the need for "one or two"more interest rate hikes.<br>The ONS issued a correction this morning after it accidentally[...]

Yes, landlords do work to earn their rent. Here's how

Tuesday  20:54,   10 october 2017

So, it's easy to make money as a landlord, is it? Money just falls down on you while you sleep, does it? Er, no, not always — and I will tell you why. Take the other weekend, just as an example. While it seemed to me that everyone else was[...]

The economics of Richard Thaler

Tuesday  07:47,   10 october 2017

Richard Thaler has challenged the way we think about the economy, and has helped revolutionize the field of economicsAlong with the 2002 Nobel Prize winner in economics Daniel Kahneman, his co-author Amos Tversky (who would have likely shared the[...]

U.K. Plans for No-Deal Customs Regime as Brexit Talks Resume

Tuesday  07:46,   10 october 2017

The U.K. set out contingency plans for leaving the European Union without a new Brexit deal on customs, as Prime Minister Theresa May warned that Britain must prepare for the worst. A planned Customs Bill will create a new “standalone” customs[...]

Drinks giant Diageo tops good governance rankings

Tuesday  07:46,   10 october 2017
Press Association

Aviva, GKN and Barclays also ranked highly on the index.Here are the best and worst ranked companies on the[...]

Sterling bounces back after May hints at reshuffle

Tuesday  07:46,   10 october 2017

Britain's pound rose almost 1 percent on Monday, rebounding from its biggest weekly drop in a year, after British Prime Minister Theresa May said she would resist challenges to her leadership. May hinted at the weekend that she may be[...]

Rising debt could trigger the next financial crisis, Germany's finance minister warns

Tuesday  07:45,   10 october 2017
Business Insider

Germany's outgoing Finance Minister Wolfgang Schaeuble warned that spiralling levels of debt, as well as the growth of liquidity across the world, risk creating a new financial crisis.&nbsp;LONDON — Germany's outgoing Finance Minister[...]

This 'cereal bowl' just sold at auction for £28 million

Tuesday  07:45,   10 october 2017

And it's broken the porcelain auction sale recordA simple ceramic dish that resembles an ordinary cereal bowl just sold for a whopping $37.7 million (£28 million) at Sotherby's Hong Kong's Important Chinese Ceramics[...]

Shoppers warned of price hikes without EU staff

Monday  15:21,   09 october 2017
Sky News

The retail sector says EU nationals must be allowed to continue working in the UK freely after Brexit, or shoppers could face rising prices and slower deliveries. The British Retail Consortium (BRC) sounded the warning after its annual workforce[...]

When Working From Home Doesn’t Work

Monday  14:21,   09 october 2017
The Atlantic

<p>IBM pioneered telecommuting. Now it wants people back in the office.</p>In 1979, IBM was putting its stamp on the American landscape. For 20 years, it had been hiring the greats of modernism to erect buildings where scientists and[...]

Boeing helped finance bailout of Monarch Airlines in 2016 - FT

Monday  14:20,   09 october 2017

Boeing Co (BA.N) had pumped in more than 100 million pounds into Britain's Monarch Airlines [MONA.UL] which collapsed last week, the Financial Times reported on Monday. The capital infusion, through Monarch's offshore holding company Petrol[...]

Do This One Thing Each Year If You Want a Better Retirement

Monday  09:35,   09 october 2017

There is a time-honored way to manage your investment risks while smoothing out the ups and downs in the value of your nest egg on the journey to and through retirement. Unfortunately, many investors aren’t taking advantage of the[...]

UAE hopeful of extension to oil output cut deal

Monday  03:35,   09 october 2017

The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Sunday he was hopeful producers will reach a consensus on extending an oil output cut next month. "We are hopeful that the meeting in November will be a good meeting,[...]

RBS Head Says Banks Need Brexit Transition Details by Early 2018

Monday  03:35,   09 october 2017

Royal Bank of Scotland Group Plc Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no[...]