Financial news

24.09.2019 16:00:23

India gives companies $20.5 billion tax break to attempt growth revival

India gives companies $20.5 billion tax break to try to revive growth India’s government slashed corporate taxes giving a surprise $20.5 billion break at reviving private investments and lifting growth from a six-year low that has caused ...
24.09.2019 16:00:23

Bank of Japan hopes new phrase will keep bullish yen at bay

Bank of Japan hopes new phrase will keep bullish yen at bay By adding vague new language to its latest policy statement, the Bank of Japan is hoping to keep unwanted sharp gains in the Yen in check, without having to its depleted policy tool-kit ...
24.09.2019 16:00:22

Blackstone to buy five hotels in Greek islands

Blackstone to buy five hotels in Greek islands Blackstone Real Estate Partners Europe, a unit of U.S. private equity firm Blackstone Group, agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros ($197 million), ...
24.09.2019 16:00:22

Asian Shares slips as U.S.-China Trade Talks continue

Asian Shares slips as U.S.-China Trade Talks continue Asian share markets slipped on Monday as investors waited for more clarity on U.S.-China trade talks. Market sentiment remained fragile with civil unrest in Hong Kong, tensions in the Middle ...
24.09.2019 16:00:22

UK PM Johnson warns no Brexit breakthrough in New York

UK PM Johnson warns no Brexit breakthrough in New York British Prime Minister Boris Johnson cautioned that there would be no Brexit breakthrough at talks with European leaders in New York as gaps remained though also saying significant progress ...
24.09.2019 16:00:22

Top investors warn markets might face risks over lax climate forecast

Top investors warn markets might face risks over lax climate forecast Financial markets risk major disruptions by relying on forecasts that underestimate the impact of climate-change policies that are expected to abruptly tighten the next decade, ...
24.09.2019 16:00:21

Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts

Bitcoin Climbs as Intercontinental Exchange Debuts Future Contracts Bitcoin prices climbed in Asia as Bakkt’s much anticipated Bitcoin futures trading has officially launched on the Intercontinental Exchange (ICE). Bakkt, the Bitcoin ...
24.09.2019 16:00:21

Oman not in talks with Gulf countries for Financial Aid

Oman not in talks with Gulf countries for Financial Aid Oman was not present in discussions among the Gulf countries for any aid package, an official said, despite a large fiscal deficit and the expectation of a slowdown in economic growth ...
24.09.2019 16:00:21

U.S.-Japan trade deal hits last-minute setback on auto tariffs

A U.S.-Japan trade deal hit a last-minute setback as Tokyo officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts, sources familiar with the talks said on Monday. U.S. ...
24.09.2019 16:00:19

Cryptocurrencies fall after the lackluster launch of a futures contract

Bitcoin and other major cryptocurrencies fell in Asia after a lackluster launch of the Bitcoin futures contract. Bitcoin lost 2.6% to $9,733.7 by 1:20 AM ET (05:20 GMT). The digital coin climbed higher earlier in the day following the official ...
24.09.2019 16:00:16

German manufacturing shrinks amid Brexit and global trade disputes

The Eurozone came close to stalling in September after global trade disputes and the threat of a no-deal Brexit triggered the fastest fall in manufacturing output in nearly seven years. Germany was the main cause of the slowdown following a ...
19.09.2019 15:00:36

Cash spending overtaken by credit cards for the first time

Cash spending overtaken by credit cards for the first time Credit card spending has taken over cash for the first time, according to data from UK retailers, demoting notes and coins to the third most popular method of payment. The figures come ...
19.09.2019 15:00:35

UK inflation drops to its lowest for nearly three years

UK inflation fell to its lowest level in almost three years after the end of summer sales held clothing prices down. Annual rate had dipped to 1.7% in August according to the Office for National Statistics, taking inflation down to the lowest ...
19.09.2019 15:00:35

Ireland finds no breakthroughs with UK’s Brexit proposals

Ireland said on Thursday that the United Kingdom had failed to supply credible Brexit proposals, adding that there had been no breakthrough at talks with the Northern Irish party siding with Prime Minister Boris Johnson’s government. “We ...
19.09.2019 15:00:35

Bank recovery lifts European stocks higher

Bank recovery lifts European stocks higher A rally in bank stocks for the first time in four sessions lifted European shares on Thursday after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European ...
19.09.2019 15:00:35

U.S., Chinese trade talks commence in Washington despite differences

U.S., Chinese trade talks commence in Washington despite differences U.S. and Chinese trade deputies were set to resume face-to-face trade talks on Thursday after the two of the world’s largest economies attempted to bridge deep policy ...
16.09.2019 14:01:05

Oil Prices Soar after Saudi Facility Attacks

Oil Prices Soar after Saudi Facility Attacks Oil prices surged to four-month highs on Monday after attacks on crude facilities in Saudi Arabia as supply fears sparked. The strikes on the facilities, which occurred in the weekends, halted 5% ...
16.09.2019 14:01:05

LSE rejects Hong kong’s multi-billion takeover Bid

LSE rejects Hong Kong’s Multi-Billion Dollar Takeover Bid The London Stock Exchange (LSE) had rejected Hong Kong’s $37 billion takeover bid, expressing the amount to be low, politically risky, and lacking strategic merit. In a strongly ...
16.09.2019 14:01:04

UK businesses unprepared for a no-deal Brexit; BCC warns

UK businesses unprepared for a no-deal Brexit; BCC warns The British Chambers of Commerce (BCC) warned that a “concerningly high number” of UK businesses were unprepared for a no-deal Brexit after a research showed that more than ...
13.09.2019 14:00:17

U.S. Treasury Considers 50-year bond

Treasury Secretary Steven Mnuchin floated the idea of the US Government issuing an “ultra-long” government bond next year should the demand arise. Mnuchin has been talking for the past 2 years about the possibility of expanding ...
13.09.2019 14:00:17

Asian markets rise amid hopes of calming trade war

Asian stocks rallied up on continued hopes that a cooling in the US-China trade war could be nearing. Investors stayed positive of the highly-anticipated trade talks between the United States and China in the coming weeks. The two countries ...
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