Banks try to fight recession as United Kingdom market tumbles — BREXIT

Given that banks leverage their lending, the FPC said the buffer reduction would allow banks to increase credit supply to households and businesses by £150bn. "It will take time for the United Kingdom to establish new relationships with the European... More..

by | Published more than a month ago
US economy rebounds with June hiring surge of 287000
by | Saturday, July 09, 2016

US economy rebounds with June hiring surge of 287000

Last month's woeful figure, of just 38,000 new jobs created in May, cast doubt on the US Federal Reserve's ability to raise interest rates this summer, while the UK's "Brexit" vote has also dampened calls for a...More..

US DOT tentatively approves eight US airlines for scheduled service to Havana
by | Saturday, July 09, 2016

US DOT tentatively approves eight US airlines for scheduled service to Havana

Cuba also says its economy is hurt by the US embargo on the island, despite a diplomatic thaw between Havana and Washington in the a year ago and a half and measures by the Obama administration to ease some o...More..

by | Saturday, July 09, 2016

Another Tesla crashes while on Autopilot

The results come as the Palo Alto, Calif. -based vehicle maker revealed last week that a driver of a Model S died while using its autopilot system in early May. Production woes aside, Tesla has faced scru...More..

Pound hits new low on Brexit nerves
by | Saturday, July 09, 2016

Pound hits new low on Brexit nerves

Wall Street opened lower by 0.31 per cent, falling to 17,785.08 points. New UK annual vehicle sales fell 0.8 per cent last month - the first decline since October, according to data from industry body SMMT ...More..

Markets Right Now: US stocks open higher; bond prices fall
by | Saturday, July 09, 2016

Markets Right Now: US stocks open higher; bond prices fall

The Dow Jones industrial lost 8 points to 17,910 as of 11:35 a.m. The Standard & Poor's 500 index was down 6 points, or 0.3 percent, to 2,093. In the currency market, the British pound GBP=D4 dived about 0.5 ...More..