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The government is said to back the proposals, while Bank of England Governor Mark Carney is also reportedly in favour. [Read More]
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Lloyds was the firm's biggest single client, and its £109 billion stake represents around 17% of Standard Life Aberdeen's assets under management. [Read More]
Shares in Standard Life Aberdeen dive after Lloyds announces withdrawal of assets. Lloyds will pull out £109 billion held on behalf of Scottish Widows, the... [Read More]
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The eurozone's economy outgrew the UK for the first time since 2010. EZ economic growth was 2.7% in 2017, according to preliminary estimates. That's compared... [Read More]
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Rising inflation since the Brexit vote has squeezed pay. [Read More]
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The Legatum Institute, a London-based research institute, released its 11th annual global Prosperity Index in November, a huge survey that ranks the most prosperous countries... [Read More]
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The UK's latest inflation numbers were published on Tuesday morning. [Read More]
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The vehicle is being led by the former CEO of Italy's second largest bank Intesa Sanpaolo, Corrado Passera. It will be known as Spax. [Read More]
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BI Prime: The VIX reflects expectations for volatility in the S&P 500, and trades inversely to the benchmark roughly 80% of the time. [Read More]
Banks are concerned that wild swings in cryptocurrency prices will expose their customers to heavy losses, making them unable to repay their credit card debts. [Read More]
The bank's communications have been unusually fortright in its last handful of announcements. [Read More]
Global market sell-off resumed in the USA on Thursday, with US stocks entering a technical correction. [Read More]
"To be frank, if these disagreements persist, transition is not a given," Michel Barnier said on Friday. [Read More]
Sterling dived after Michel Barnier said a deal on "transition is not a given." The currency dropped close to 0.8% against the dollar on Friday... [Read More]
The Bank of England will shortly announce the decisions made at the first meeting of its Monetary Policy Committee in 2018. [Read More]
"The UK is the cheapest country in Europe at the moment," UBS' Karen Olney writes. This cheapness is driven by excess dividend yield, which is... [Read More]
It is widely expected that policy will be unchanged, but the bank will likely set the tone for the rest of the year's decisions. [Read More]
Staff will be able to work the equivalent of five hours and 40 minutes per day for up to two years to care for children and... [Read More]
The European market has been boosted by a recovery in the US, where all major markets closed higher on Tuesday evening. [Read More]
Germany's DAX, France's CAC 40 and the broad Euro Stoxx 50 index all lost more than 3% of their value at the open at 8.00... [Read More]
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