British consumers face another three years of squeezed spending, an influential report suggests, amounting to a “lost decade” for households. Annual wage growth is likely to remain well below the 4.5 rises seen before the financial crisis struck in 2008, the EY Item Club survey says. Th…
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UK Consumers face ‘lost decade’ as spending squeeze bites
Bill Gross’ abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm’s executive committee that got progressively worse, according to sources familiar with the situation. Tensions had b…
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How Bill Gross became too hot to handle for Pimco
Bill Gross’ abrupt departure from Pimco, the giant bond firm that he co-founded more than four decades ago, was preceded by months of clashes between the star investor and the firm’s executive committee that got progressively worse, according to sources familiar with the situation. Tensions had b…
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How Bill Gross became too hot to handle for Pimco
Markets are starting off an incredibly important week in a reflective mood, coming on the back of a strong end to the week on Wall Street. Asian markets were mixed overnight with the Nikkei 225 continuing to benefit from the weakness of the yen, whilst investors are also keeping an eye on events in…
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Euro rallies continue to be seen as a chance to sell
Markets are starting off an incredibly important week in a reflective mood, coming on the back of a strong end to the week on Wall Street. Asian markets were mixed overnight with the Nikkei 225 continuing to benefit from the weakness of the yen, whilst investors are also keeping an eye on events in…
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Euro rallies continue to be seen as a chance to sell
Euro zone economic sentiment deteriorated in September to levels last seen in late 2013 and inflation expectations among households and producers alike continued to fall. The European Commission said on Monday that economic sentiment in the 18 countries sharing the euro fell to 99.9 this month fr…
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Euro zone sentiment worsens in September, inflation expectations fall
Euro zone economic sentiment deteriorated in September to levels last seen in late 2013 and inflation expectations among households and producers alike continued to fall. The European Commission said on Monday that economic sentiment in the 18 countries sharing the euro fell to 99.9 this month fr…
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Euro zone sentiment worsens in September, inflation expectations fall
•SNB not needed to intervene since Sept 2012. •not ruling out negative interest rates to avoid deflation.n 72 pips from the 1.2000 cap. Is he really so sure it’s that credible ? If it’s held this long maybe it is, but is he wise to crow about not having to intervene when we are so close ?
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SNB’s Jordan says CHF cap is very credible in the market
•SNB not needed to intervene since Sept 2012. •not ruling out negative interest rates to avoid deflation.n 72 pips from the 1.2000 cap. Is he really so sure it’s that credible ? If it’s held this long maybe it is, but is he wise to crow about not having to intervene when we are so close ?
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SNB’s Jordan says CHF cap is very credible in the market
Catalans have switched on a giant clock in Barcelona to count the days and hours to a referendum on secession on 9 November after local leader Artur Mas signed the project into law on Saturday (27 September). But Madrid says it will not go ahead. Spain’s deputy PM, Soraya Saenz de Santamaria…
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Spain to block referendum, after Catalonia signs decree
Catalans have switched on a giant clock in Barcelona to count the days and hours to a referendum on secession on 9 November after local leader Artur Mas signed the project into law on Saturday (27 September). But Madrid says it will not go ahead. Spain’s deputy PM, Soraya Saenz de Santamaria…
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Spain to block referendum, after Catalonia signs decree
UK broad money, M4 excluding intermediate other financial corporations (OFCs), increased by £2.2 billion in August, compared to the average monthly increase of £5.6 billion over the previous six months. The three-month annualised and twelve-month growth rates were 3.1% and 3.5% respectively. M4Lx…
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UK Money and Credit: August 2014
Hong Kong democracy protesters defied volleys of tear gas and police baton charges to stand firm in the centre of the global financial hub on Monday, one of the biggest political challenges for Beijing since the Tiananmen Square crackdown 25 years ago. The unrest, the worst in Hong Kong since Chi…
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Hong Kong protesters defy tear gas and batons to renew democracy call
Janet Yellen looks to be taking one page out of Alan Greenspan’s playbook while tearing up another as she plots monetary strategy for 2015 and beyond. The Federal Reserve chair and her colleagues signaled this month they would be willing to push unemployment below its so-called natural rate — a…
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Yellen Aims to Mimic Greenspan on Jobs, Avoid Misfire on Bubbles
Pensioners will be able to leave more of their money to the next generation from next April, George Osborne is to announce at the Tory conference. The chancellor will abolish a 55% tax that currently applies to untouched “defined contribution” pension pots left by those aged 75 or over, and to pe…
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George Osborne to cut 55% pension ‘death tax’
The weak Eurozone economy will be in focus again today, with the release of the European Commission’s monthly data on business sentiment, along with revised numbers that track the mood among consumers. Later, we’ll see a couple of US releases: personal consumption spending and income, and an…
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3 Numbers: Eurozone business gloom deepens, US spending, US home sales
The European Central Bank will this week unveil details of its plan to save the eurozone from economic stagnation by buying hundreds of billions of euros-worth of private-sector assets. But one of the most crucial questions surrounding the purchases of bundles of loans, known as asset-backed…
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Political reticence blunts ECB’s asset purchase plan
The estimated annual CPI inflation September 2014 is the – 0, 2 %, According to the leading indicator produced by the INE. This indicator provides a preview of the CPI, if confirmed, would be a increase of three tenths in the annual rate since in the month of August thi…
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Spain: The leading indicator CPI annual variation stood at -0.2% in September
Selling Cakewalk hasn’t been quite as easy as her name would suggest. The 86-meter luxury super-yacht with six sundecks, a baby grand Steinway & Sons piano and vast Italian marble his- and-hers’ bathrooms has been on the market for three years. To ease the task, her sellers gave her pride of pla…
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Luxury-Yacht Sellers Cut Prices on Multimillion Dollar Toys
plus higher fuel prices and adverse weather; PM Abe stating the berleedin’ obvious; wants to achieve summit with Chinese leader at early stage;
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Japan’s Abe says they need to keep a cautious watch on impact of sales tax hike
