Tag Archives: into

Three big events could bring some volatility back into markets

Getty Images Traders work on the floor of the New York Stock Exchange. The record high stock market may be signaling it’s the best of times. But the bond market looks to be saying just the opposite: If it’s not the worst of times, it soon could be. Traders have been debating which one is right — the stock market ... Read More »

How this mom turned $775 into a $65 million company in only 5 years

In 2007, Julie Deane’s 8-year-old daughter, Emily, was being bullied — she’d lost her happy, extroverted personality and came home from school with bruises on her arms. The British mother of two made a promise that day to send her children to private school. But Deane only had £600 ($775) to spare, not the £24,000 ($31,000) it would take to ... Read More »

Small business are cautiously optimistic 100 days into Trump administration

Almost 70% of small and medium business (SMB) owners are optimistic they’ll see business growth,expansion or increased revenue over the next 12 months, despite their unease over political uncertainty in Washington, according to a new survey released today by marketplace and small business platform Purch, owner of Business.com. The current administration’s plans for deregulation pleased 61% of small business owners ... Read More »

Libor rigging chancellor urged to call inquiry into Bank of England allegations

John McDonnell, the shadow chancellor, is calling on Philip Hammond to hold an urgent public inquiry into whether Bank of England officials colluded in the rigging of the Libor rate. The senior Labour politician said Hammond’s silence on the issue was unacceptable after a BBC Panorama programme said it had evidence of pressure exerted by Threadneedle Street on the setting ... Read More »

Syria conflict: Army cuts IS supply route into al-Bab

Syrian government forces have advanced towards so-called Islamic State’s last major stronghold in Aleppo province, cutting off the main supply route into al-Bab, a monitoring group reports. The Syrian Observatory for Human Rights said troops had captured Tal Uwayshiya, a hill 9km (6 miles) to the south-east. It overlooks a key road linking al-Bab to the IS-controlled city of Raqqa, ... Read More »

Sweden re-opens probe into 1986 murder of PM Olof Palme

Sweden is to re-open the investigation into the unsolved assassination of Prime Minister Olof Palme 30 years ago, officials say. Stockholm’s chief prosecutor, Krister Petersson, will head the new inquiry. About 10,000 people were quizzed following Olof Palme’s murder in 1986; 134 people claimed to have shot him dead as he left a cinema with his wife. The charismatic Social ... Read More »

Carrots cut into Campbell Soup profit

Campbell Soup has reported lower profits and called the performance of Campbell Fresh ‘disappointing’. Higher carrot prices and the decision to harvest its carrot crop early led to a smaller crop that disappointed customers, Campbell said. The soup giant said earnings fell by 2% to $253m (£190m) in the company’s fourth quarter. Campbell Fresh, the packaged fresh food division, suffered ... Read More »

Bank of England prepares to cut rates into uncharted territory

The Bank of England looks ready to cut interest rates for the first time since 2009 on Thursday, seeking to stop Britain’s vote to leave the European Union from kicking the country into recession. It may even go a step further and pump billions of pounds into financial markets. Economic surveys have pointed to a sharp slowdown since the BoE ... Read More »

Rousseff impeachment vote annulled, throwing Brazil legislature into chaos

Brazil’s political tumult has deteriorated into a full-blown constitutional crisis after a little-known and newly appointed lower house speaker proclaimed the annulment of last month’s impeachment vote against president Dilma Rousseff. The surprise move – which was immediately challenged by senior figures in the senate – provides a new twist in the country’s ongoing political drama that would stretch the ... Read More »

RBS reveals £1bn loss and Swiss inquiry into Coutts subsidiary

Bailed-out bank says regulator has started ‘enforcement proceedings’ against Swiss arm over certain client accounts People walk past the Coutts bank in Zurich, now under investigation by Swiss authorities. Photograph: Arnd Wiegmann/Reuters Royal Bank of Scotland has revealed that Swiss authorities are scrutinising its Coutts subsidiary as it reported a near £1bn loss for the first three months of 2016. ... Read More »