Bitcoin crashes from libra high after Coinbase outage June 27, 2019 Bitcoin sank almost $2,000 to give up gains last night as volatility returned after the cryptocurrency approached $14,000. Read more: Bitcoin surges towards $13,000 thanks to Facebook libra Facebook libra’s launch had buoyed bitcoin, pushing the price up until it was just shy of $14,000 last night, its highest level since January 2018. But over [...]
Bitcoin: Is it starting to feel like 2017 all over again? June 27, 2019 | City Talk By Gary McFarlane from interactive investor. Bitcoin’s decisive break above the psychologically important $10,000 mark – with $11,000 breached over the weekend and in sight again – is being driven by institutional investors and the afterglow from Facebook’s Libra news, despite the regulatory and political pushback against Mark Zuckerberg’s global money plans. Also, the recommendations, as expected, from [...]
US and China ‘agree tentative trade truce’ ahead of G20 summit June 27, 2019 China and the US have reportedly agreed to a tentative truce in their ongoing trade war, two days before crucial talks at the G20 summit this weekend. Details of the agreement, which would scrap plans for a further round of US tariffs on an additional $300bn (£236bn) of Chinese goods, will be laid out in [...]
UK economic growth expected to slow as Brexit and global tensions bite June 27, 2019 The UK’s economic growth is expected to slow as prolonged uncertainty over Brexit and global headwinds take their toll. Audit firm KPMG said today it expects the UK’s gross domestic product (GDP) growth to reach 1.4 per cent in 2019, falling to 1.3 per cent in 2020 – down 0.2 per cent since its last [...]
Carney warns that Woodford-style funds are ‘built on a lie’ June 26, 2019 The governor of the Bank of England Mark Carney blasted funds like Neil Woodford’s today which he said were “built on a lie”. Woodford’s flagship £3.7bn Equity Income Fund was frozen earlier this month after it was hit by a wave of withdrawals it could not meet. Carney told MPs on the Treasury Committee that [...]
Oil price rises on lower US stockpiles June 26, 2019 Oil prices jumped today on the back of news that US crude inventories had fallen by more than expected. International benchmark Brent crude was up 1.2 per cent to $65.87 per barrel, after reaching highs of $66.24 earlier in the day. Read more: It’s no mystery who is behind the Gulf of Oman attack, or [...]
Bitcoin surges towards $13,000 as Facebook Libra boosts bullish market June 26, 2019 Bitcoin has surged to its highest level since January 2018 as its recent boom continues to gather pace. The cryptocurrency rose to just shy of $13,000 (£10,300) yesterday before dipping slightly to just over $12,500, according to data from Bitstamp. Read more: Bitcoin pulls back from 18-month high as cryptocurrency catches Libra fever Bitcoin is [...]
Tragedy awaits if we don’t bridge the gap between beliefs and reality in the NHS June 26, 2019 A tragic story over the weekend revealed how a man who died of lung cancer was failed abysmally by the NHS. Two separate sets of doctors omitted to tell him for over a year that he had the disease. The added poignancy of the news item was that the victim was a relative of Nye [...]
UK retail sales see biggest drop for 10 years in June June 25, 2019 UK retail sales fell at the fastest pace in over 10 years this month, according to a survey released today, due in part to the warm weather and football world cup last June. Read more: Pound falls as UK economy shrinks by 0.4 per cent in April Nonetheless, the closely-watched survey from the Confederation of [...]
FCA chief Andrew Bailey says Woodford debacle a failure of rules not regulation June 25, 2019 Andrew Bailey, the head of Britain’s Financial Conduct Authority (FCA), said the dramatic suspension of Neil Woodford’s flagship fund was due to a failure of rules rather than of regulation. Read more: Hargreaves Lansdpwm execs to defer bonuses amid Woodford fund troubles Speaking in front of the Treasury Committee, Bailey said that Woodford was “using [...]