News and comment
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Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.
Citywire Investment News
- Investment Line: Has the recession permanently damaged UK GDP?
Fri, 03 Sep 2010 14:00:34 +0100
Measuring whether the UK's ouput gap is closing or lost forever after the downturn is playing a key role in determining monetary policy.
- Global markets soar as US jobs data brings more cheer
Fri, 03 Sep 2010 13:58:10 +0100
Today's US jobs data came in much better than expected dampening fears the world's largest economy is heading back towards recession.
- Wealth managers recover second quarter losses
Fri, 03 Sep 2010 13:20:46 +0100
Research from Asset Risk Consultants (Arc) shows wealth managers managed to recover some of the losses from dreadful in May and June.
- The financial crisis isn?t the problem ? it's expensive old people
Fri, 03 Sep 2010 12:18:23 +0100
We risk ignoring 'the fiscal challenge of the 21st century'.
Citywire Money, Tax and Property
- Mortgages: cut out the middle man for the best rates
Sat, 04 Sep 2010 00:01:00 +0100
Increasingly, high street banks are not only by-passing brokers ? the only place a potential homebuyer can get truly impartial advice on a home loan ? but they are restricting their best offers to existing customers.
- FSA fines and censures mortgage brokers over fraud
Tue, 31 Aug 2010 13:37:07 +0100
The Financial Services Authority has banned one mortgage broker and fined another for failing to prevent false mortgage applications being made to lenders.
- Morning Line: Why should first time buyers suffer?
Tue, 31 Aug 2010 11:20:38 +0100
If the Bank of England is serious about capping mortgage loan-to-value ratios as a means of preventing another credit crisis then it risks excluding more young people from home ownership. Is this what the coalition really wants?
- Mortgages: don't write off a fixed rate
Sat, 28 Aug 2010 00:01:00 +0100
Most people are opting for a tracker mortgage, but it is not the right option for everyone. Lorna Bourke considers the options for borrowers.
FT.com - Financial Markets News
- Swiss franc benefits from haven status as doubts spread
Fri, 03 Sep 2010 22:07:29 GMT
Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand
- Bold financial seers look to models rather than the herd
Fri, 03 Sep 2010 21:59:46 GMT
Stocks have lost nearly half of their value twice in the past decade yet a suggestion the same is about to happen again draws scorn on Wall Street
- Investors? turn to linkers and gold to hedge uncertainty
Fri, 03 Sep 2010 21:23:56 GMT
In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman?s notion of handing out cash to stop falling prices
- Volatility and poor returns killing equities cult
Fri, 03 Sep 2010 21:17:52 GMT
More market professionals are asking if the brutal de-rating suffered by equities during the past decade means the cult of equity is dying
BBC Business News
- Six million facing new tax bills
Sat, 04 Sep 2010 16:22:04 GMT
HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.
- Industry fears over cheaper coins
Sat, 04 Sep 2010 16:12:04 GMT
Vending machine companies warn cheaper "steel" 5p and 10p coins being considered by the Treasury could cost the industry millions of pounds.
- Banks leave customers in 'poverty'
Sat, 04 Sep 2010 09:29:15 GMT
High Street banks have been accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
- Nigerian economy 'to grow by 10%'
Fri, 03 Sep 2010 23:04:42 GMT
Nigeria's economy will hit double-digit growth by the end of 2011 or early 2012, the country's finance minister says.
BBC News
- Balls seeks phone hack statement
Sat, 04 Sep 2010 16:46:31 GMT
Labour leadership hopeful Ed Balls says the home secretary should make a statement about claims of phone tapping by the News of the World.
- Irish citizen dies in plane crash
Sat, 04 Sep 2010 16:40:57 GMT
A 26-year-old man from the Irish Republic is among nine people killed in a plane crash in New Zealand.
- Six million facing new tax bills
Sat, 04 Sep 2010 16:22:04 GMT
HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.
- Blair pelted with eggs in Dublin
Sat, 04 Sep 2010 16:16:50 GMT
Shoes, eggs and plastic bottles are thrown at Tony Blair as he arrives at a book-shop in Dublin to sign copies of his memoirs.
