Finance news - UK & global economic news

Finance

UK unveils post-Brexit plan to cut funding for terror groups

New Sanctions Bill will allow ministers to impose sanctions after UK leaves the European Union in 2019.

Aug 2, 2017

By Karthick Arvinth

Brexit Islamic State

Pound spikes to 10-month high ahead of 'Super Thursday'

The British currency soars as traders look to Bank of England for market direction.

Jul 31, 2017

By Gaurav Sharma

Bank of England

Housing blues: UK mortgage lending plummets to nine-month low

Bank of England data points to a slowdown in both secured and unsecured lending.

Jul 31, 2017

By Gaurav Sharma

Bank of England

Banks urged to make 'fundamental changes' to overdraft charges

FCA chief executive Andrew Bailey calls for radical overhaul as 'status quo is not an option'.

Jul 31, 2017

By Dan Cancian

Uber partners with AXA to offer workers \'accident cover\'

The scheme being offered to drivers in France would be in place by autumn.

Jul 25, 2017

By Gaurav Sharma

Uber France

Conservatives are trying to skewer Jeremy Corbyn over his student debt 'betrayal'

Labour leader denies making the pledge during the general election campaign.

Jul 25, 2017

By Ian Silvera

Jeremy Corbyn

Cash is king: European companies' capital reserve pile jumps to €1trn

Research suggests non-financial companies' collective ratio of cash relative to revenues has hit a seven-year high.

Jul 21, 2017

By Gaurav Sharma

$A man walks past a building in the morning mist at London\'s financial district of Canary Wharf September 16, 2014$

Northern Trust opts for EU subsidiary in Luxembourg to mitigate Brexit risk

Asset manager wants to make sure market access is not disrupted following UK's exit from the European economic bloc.

Jul 19, 2017

By Gaurav Sharma

Brexit

Michael Gove challenges Number 10 over public sector pay weeks after cabinet return

Environment secretary says the government should listen to 'authoritative' public sector pay bodies.

Jul 2, 2017

By Ian Silvera

Theresa May

Sussex Partners' Patrick Ghali reveals why hedge funds below $100m in managed assets aren't for him

Global adviser discusses his investing philosophy, surviving trying times and arbitrage opportunities in the current climate.

Jun 28, 2017

By Gaurav Sharma

Japan

How infrastructure investing has become mainstream

Pension funds and insurers are attracted to investing in infrastructure that can offer long term and stable returns.

Jun 23, 2017

By Ian Dixon

Banks and fintech firms should collaborate not compete

Collaborative partnerships between traditional finance and fintech players would pave the way for the next generation of technology-led solutions.

Jun 19, 2017

By Christopher Burke

Why does Wikipedia keep asking for money when execs get six-figure golden handshakes?

Wikimedia Foundation's financial documents show Wikipedia isn't doing as badly as it makes out in appeals.

Jun 8, 2017

By Mary-Ann Russon

Britons spend £566bn via cards in 2014, which is more than the 2014 GDP of the Dutch

Placid consumers and inert policymakers are swelling up the global credit card bubble

A credit card is one of the most expensive ways to borrow, yet its global usage is getting depressingly high.

May 19, 2017

By Iris Mack

Donald Trump wants US highways to be 'great again' so drivers will have to pay 'bigly'

If the President intends to spend $1trn on US roads and highways then drivers will have to fork out.

May 15, 2017

By Gaurav Sharma

Donald Trump

Russia to expand Mir payment network to wean itself off Visa and Mastercard

The Kremlin launched the credit card payment system in the wake of international sanctions.

May 6, 2017

By Tareq Haddad

UK economy 'holding up well' despite signs of slowing consumer spending

Consumption-related indicators lost momentum in Q1 but British economy remains resilient.

Apr 28, 2017

By Gaurav Sharma

Brexit

Keeping calm and carrying on: European corporate credit markets trundling along nicely

S&P Global Ratings say doubts over Europe's outlook persist but rapid deterioration in credit conditions is unlikely.

Apr 26, 2017

By Gaurav Sharma

Brexit

UK government sells Green Investment Bank to Macquarie

Australian bank to fork up £2.3bn for government-owned entity aimed at funding renewable energy and low carbon projects.

Apr 20, 2017

By Gaurav Sharma

IMF raises doubts on European banks' ability to generate sustainable profits

'Overbanking' in the industry is one of the main reasons for low margins, the report said.

Apr 19, 2017

By Pramod Sharma

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