Search Results for: Sterling
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
Law firm’s bank account linked to stolen Malaysian $1bn
July 27th, 2016
Shearman & Sterling has unwittingly become caught up in the biggest ever asset seizure by the US Department of Justice’s anti-corruption unit. According to civil filings to the United States District Court in Los Angeles, the law firm held ...
UK property price slide creates wave of Chinese interest
July 25th, 2016
Interest among Chinese buyers in buying UK property has surged since Britain voted to leave the European Union last month, as the pound’s slide has created opportunities to buy at a discount, the property website juwai.com said on Monday. ...
Precious Metals Slide on Stronger Dollar Before Fed as Yen Drops
July 25th, 2016
Ringgit falls sixth day to lead Asian currency declines Turkish stocks climb after steepest weekly drop since 2008 The dollar’s strength weighed on precious metals as investors looked toward central bank meetings this week in the U.S. and Japan. European ...
Cashier jailed after stealing office money from international law firm
July 25th, 2016
A cashier at a leading international law firm has been banned from the profession and served a jail sentence after stealing over £700,000. Juliette Holland, 46, was found to have misappropriated at least £727,597 of office money between March ...
International tourism on the rise; What is the increase by region
July 21st, 2016
2016 started on a strong note for international tourism. International tourist arrivals grew by 5% between January and April 2016 according to the latest UNWTO World Tourism Barometer. Results were robust across almost all subregions and many destinations reported ...
Two top HSBC currency traders charged in forex probe
July 21st, 2016
A top HSBC executive has been charged with fraud in the US. Mark Johnson, HSBC’s global head of foreign exchange trading was arrested on Tuesday night. A former colleague, Stuart Scott, has also been charged. The two traders are ...
Deloitte’s CFO Survey finds that CFOs shift to defensive strategies
July 18th, 2016
Brexit blow to business confidence Deloitte’s CFO Survey: 2016 Q2 The quarterly Deloitte’s CFO Survey is firmly established with media and policy makers as the authoritative barometer of UK corporates’ sentiment and strategies. It is the only survey of major ...
Bank of England maintains Bank Rate at 0.5%
July 14th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 13 July 2016, the MPC voted by ...
Asian Equity Rally Loses Momentum With Oil Near $45; Pound Gains
July 14th, 2016
Japan’s Topix climbs, yen falls amid talk of helicopter money Sterling rises before forecast cut in U.K. interest rates The rally that drove Asian stocks to levels last seen in April showed signs of flagging as investors awaited details ...
