UK banks can withstand ‘worst’ outcome on EU passporting – Fitch
Fitch Ratings has become the latest major rating agency to say UK-based banks and financial services firms can cope with losing their much-cherished ability to “passport” their services in the EU...
View Article90 Days Later: Still No Signs Of Brexit ‘Doom & Gloom’
For the first half of the year, we were warned early and often by authorities that the Brexit vote could be a calamity for the ages. For example, the IMF claimed that a “Leave” result would threaten to...
View ArticleOvernight US Market :Dow closed -85 points.
U.S. stocks bounced around and ended lower Tuesday while the British pound sank to its lowest level versus the dollar since 1985 as Britain moves closer to actually exiting the European Union. The Dow...
View ArticleBritain can’t get full single market access with free movement concessions –...
German Chancellor Angela Merkel said on Saturday that Britain could not get concessions on the freedom of movement while retaining full access to the European single market, or other countries would...
View ArticleMajor Banks to Leave UK Early Next Year Following Brexit
According to Anthony Browne, the chief executive of the British Bankers’ Association, major banks consider leaving the United Kingdom in the first quarter of 2017, while small banks plan to start...
View ArticleMumbai’s wealth sees it in world’s top 15
India’s financial hub Mumbai has been named among top 15 cities globally in terms of total wealth held, while London topped the list, says a report. According to New World Wealth, the wealthiest cities...
View ArticleS&P: Wobbly British Pound Might Lose Reserve Currency Status
Kristian Rouz – International rating agency Standard & Poor’s (S&P) warned should the sterling’s devaluation continue the UK’s currency might end up losing its reserve currency status because...
View ArticleUK High Court to rule on Brexit tomorrow (Thursday)
Reuters reporting that the announcement will be made at 10.00 GMT Thursday Further to my earlier post where reader Biscotti and FXL gave you the heads up that a ruling could be made tomorrow. Reuters...
View ArticleOvernight US Market :DOW Closed -29 Points.S&P Closed -9 points.
Stocks shifted into malaise mode Thursday afternoon with the looming election, sending the S&P 500 down for an eighth straight day. That’s the longest losing streak for the broad market index since...
View ArticleHundreds Rally in Berlin, Calling on German Chancellor to Resign
The German Der Tagesspiel newspaper reported on Saturday that up to 600 protesters from different groups, such as anti-migration PEGIDA, marched across the city chanting “Merkel muss weg” (“Merkel must...
View ArticleTheresa May’s speech touted for 11.45 GMT tomorrow
There’s been lots of people asking about the time of May’s speech tomorrow Livesquawk have just said that there’s a touted time of 11.45 GMT for this big speech of hers. That’s come from CNBC they say,...
View ArticleBank of England decision day –‘Super Thursday’ preview
Bank of England announces Its interest rate decision The minutes from the policy meeting And the Quarterly Inflation Report A three-in-one, that’s why its called Super Thursday. All three come at...
View ArticleTrump Blocked From Addressing UK Parliament For “Racism And Sexism”
In a striking announcement by John Bercow, the speaker of the British House of Commons, Donald Trump is to be barred from giving a historic address in Westminster Hall, the British Parliament’s...
View ArticleHow Much Must A Family Earn To Live In Each Major US City
London-based realtor Nested produced the 2017 Rental Index in conjunction with their recent Real Estate Index. The study illustrates the price of renting per square foot in 10 major US cities and a...
View ArticleS&P warns EU’s rating could be hit of Brexit goes badly
S&P warns EU’s rating could be hit of Brexit goes badly Standard & Poor’s on the European Union If Brexit negotiations go badly, the EU’s AA-rating could come under pressure, S&P warns....
View ArticleLondon Housing Market Suffers Worst Collapse Since Financial Crisis
At the end of 2016 we reported that the formerly invincible London home market had suffered its biggest crack in years, when home prices plunged the most in six years according to Rightmove. Asking...
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