Sunday , October 22 2017

Recent Posts

Bank of England steps up scrutiny of lenders


 The Bank of England is stepping up its scrutiny of banks and other lenders on credit cards, personal loans and car purchases amid fears that growing consumer debt could rebound on the banking system. Threadneedle Street is writing to the firms it regulates after reviewing the consumer credit sector, where ...

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PM attempts to reassure business on Brexit

PM Theresa May

  The Prime Minister has struck a conciliatory note to business leaders who have demanded that Britain stays in the customs union in a transition period after the legal date of Brexit in 2019. Speaking to Sky News at the G20 summit, Theresa May chose not to restate the position ...

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Qatari business leaders say they are confident — despite raging Gulf dispute

Yousuf Mohamed Al-Jaida

Several Gulf nations involved in the diplomatic freeze against Qatar may have doubled down on their list of demands, but the CEO of the Qatar Financial Centre put on a brave face in an interview with CNBC. His country, he said, has weathered worse economic conditions than those now imposed ...

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McConnell, Paul talk health care, just not with each other

Senate Majority Leader Mitch McConnell

As Republican efforts to get rid of former President Barack Obama’s health care law stall in the U.S. Senate, Kentucky’s two senators are traveling the state to talk about it. They just aren’t talking to each other. U.S. Sen. Rand Paul has emerged as one of the biggest obstacles to ...

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China’s Foreign-Exchange Reserves Shrank Faster Than Expected

Peoples Bank of China Beijing

China’s reserves dropped by $15.89 billion last month, versus a forecast $2 billion decline BEIJING—China’s foreign-exchange reserves shrank modestly in August, though at a faster pace than projected, suggesting capital outflow pressure may have increased slightly. China’s reserves, the world’s largest, fell by $15.89 billion over last month, to $3.185 ...

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London Remains World’s Foreign Exchange Trading Powerhouse

London City - Foreign Exchange Powerhouse

London traded nearly twice as much currency than did New York according the latest data on foreign exchange markets provided by the Bank for International Settlements. The daily average total turnover in foreign currency traded in London was $2.426BN in April 2016. This is nearly double the size of trade ...

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