Financial News
About $4 billion Hong Kong deposits may have left territory due to protests
Hong Kong may have lost as much as $4 billion in deposits to rival financial hub Singapore between June and August as…
Europe third-quarter earnings outlook deteriorates as trade war, Brexit bite
European companies are heading for their worst quarterly earnings in three years as revenue drops for the first time since early 2018,…
Kenyans rush to swap banknotes as cash ban looms
There is a rush in Kenya to offload old banknotes that within days would be worthless as the deadline looms before the…
Loan agreement between Greece and the European Investment Bank
Greek Finance Minister Christos Staikouras (2-R) Minister of Infrastructure and Transportation Kostas Karamanlis (R), Vice President of EIB Andrew Macdowell (2-L) and…
New Zealand announces plans to regulate conduct of banks, insurers
#NewZealand announced that it plans to regulate the conduct of #financial #institutions
Record-breaking year in exports for the UK
Her Majesty's Revenue and Customs (HMRC) reveal overseas demand for British goods is increasing in every UK nation. The data shows that…
EU countries lost €137 billion in VAT revenues in 2017, Malta registers large decrease in VAT losses
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today.…
Gradual slowdown in Irish services growth continues in August
Ireland’s services sector last month grew at its slowest rate since January, a survey showed on Wednesday, as the impact of rising…
Pound falls on report Britain’s Queen could be asked to suspend parliament
Sterling fell on Wednesday after a BBC journalist said that Britain’s Queen Elizabeth could be asked as early as Wednesday to agree…
Barclays no longer banking cryptocurrency exchange Coinbase
Barclays is no longer providing banking services to cryptocurrency exchange Coinbase, sources familiar with the matter told Reuters, ending a relationship that…
Oil prices fall amid worries about an economic slowdown
Oil prices dipped on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut…
Sterling, UK stocks register drop
Sterling fell to a one-week low on Friday and British stocks sold off after the UK economy unexpectedly contracted in the second…