UK Economic Growth Tumbles To 6-yr Low On Brexit Uncertainty
Economic growth in Britain slowed sharply in the fourth quarter of 2018, with growth throughout the full year being the slowest in six years as Brexit concerns and international trade tensions dimmed its activity. The GDP grew 0.2% from the
Read MoreBoE Slashes Growth Outlook On Brexit Uncertainty
On Thursday, the Bank of England reduced growth forecasts for the UK economy, saying that the outlook remained highly sensitive to the effects of Brexit, as policymakers left the key interest rate and bond purchases unchanged. The central bank said
Read MoreFCA Watching Property Funds Due To Surging Outflows In The UK
The Financial Conduct Authority (FCA) is worried after seeing investors withdraw millions of pounds from property funds. This is mainly because of uncertainty about Brexit and the withdrawal has caused a lot of fear about liquidity leaving the market. Now,
Read MoreEuro Dollar Declines On Weak German Industrial Production Data
Industrial production fell to a seasonally adjusted 0.4% since November, when it fell by 1.3 percent, the Federal Statistical Office’s preliminary figures showed Thursday. Economists expected an increase of 0.8% in December. The decline in November was revised from 1.9%
Read MoreFCA Orders More UK Fund Performance Data To Be Released
The UK’s Financial Conduct Authority (FCA) is imposing stringent regulations on asset managers. The FCA has long been concerned about high asset fees for active asset management despite the fund being tracked to an index, also known as closet trackers.
Read More2008 Financial Crash Still Dragging Down Millennial Pay
The 2008 financial crisis was a devastating event to the global financial industry. Even though a decade has passed, it is still affecting people today. According to a study by the Resolution Foundation, millennials who entered the job market around
Read MoreGFIN Sends Out Open Invitation For Fintech Testing
New and innovative technology is responsible for changing the way we do things and it is highly sought after in the financial services industry. However, the main obstacle that fintech companies face is gaining recognition and bringing their product to
Read MoreS&P Global To Setup Bond Rating Business In China
S&P Global is now breaking into the Chinese market. The New York-based finance company has just been given approval by the People’s Bank of China (PBoC) to set up a domestic bond rating business. This makes it the first foreign
Read MoreCan Cryptocurrencies Be A Global Reserve Asset?
Technologies keep evolving with time and bitcoin is no exception. The digital asset has seen a lot of development in the last couple of years and its value has gone up and down like a yo-yo in during the last
Read MorePennsylvania Crypto Exchanges Don’t Need Licenses
Pennsylvania’s crypto exchanges have one less thing to worry about. According to the Pennsylvania Department of Banking and Securities (DoBS), the Money Transmitter Act (MTA) does not cover crypto exchanges because virtual currencies are not considered as money in the
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