News: Money

South Korea's Woori Bank to open Frankfurt subsidiary ahead of Brexit

Sunday  17:10,   25 june 2017
Press Association

One of South Korea's biggest banks will open a subsidiary in Frankfurt this autumn, making it the latest lender to commit to the German city in the wake of the Brexit vote. Woori Bank currently offers wholesale and corporate banking services to[...]

Pension fund makes Co-op Bank rescue call

Sunday  16:30,   25 june 2017
Sky News

Trustees of the Co-op's giant pension fund are asking US hedge funds to provide a long-term financial guarantee as part of their plan to save one of Britain's biggest lenders.Sky News has learnt that the custodians of the £10bn Pace[...]

Post-Brexit free trade deals for 48 countries

Sunday  16:25,   25 june 2017
Sky News

Britain will maintain duty-free access to its markets once it has left the European Union for goods from dozens of developing countries. Forty-eight developing countries - including Bangladesh, Sierra Leone, Haiti and Ethiopia - will continue to[...]

U.K. Turns to Emerging Markets for Trade as Brexit Talks Begin

Sunday  10:21,   25 june 2017
Bloomberg

(Bloomberg) -- Britain is turning to the world’s poorest countries to shore up trade as Brexit puts existing deals on an uncertain footing. The government promises improved access to U.K. markets for the world’s poorest countries and to maintain[...]

Time may be nearing for ECB stimulus exit - Weidmann

Sunday  10:20,   25 june 2017
Reuters

The time may be nearing for the European Central Bank to start discussing the end of unprecedented stimulus as growth and inflation are both moving in the right direction, Bundesbank president Jens Weidmann told German newspaper Welt am Sonntag.[...]

Tesco to raise store staff wages by 10.5 percent over two years

Sunday  10:20,   25 june 2017
Reuters

Tesco, Britain's biggest private sector employer, is to raise pay for hourly paid store staff by an inflation-beating 10.5 percent over the next two years, it said on Friday. "This reward package sees our biggest investment in store pay for a[...]

Mark Zuckerberg's snub of White House could backfire as Europe goes after US Internet giants

Sunday  10:20,   25 june 2017
CNBC

Facebook CEO Mark Zuckerberg snubbed a White House meeting where Alphabet's Schmidt praised Trump. That could backfire as Europe turns up the heat.The Facebook (FB) CEO could either go to Washington to meet with President Donald Trump, along[...]

Antiques Roadshow uncovers one of its best finds EVER – worth £1 million

Sunday  10:20,   25 june 2017
Country Living UK

Got any of these lying around?Well, chances are even your best armchair guesses would have fallen a little short of the estimate given to an antique on an upcoming episode of the[...]

One of Kate Middleton's favorite beauty products sells every 20 seconds

Saturday  19:30,   24 june 2017
AOL

A beauty product that Kate Middleton swears by? Sign us up. We'll have to get in line, though . According to Refinery29, a bottle of a product that the royal mom used during her pregnancy with Princess Charlotte, Trilogy's Rosehip Oil, sells[...]

People taking second step on property ladder 'still rely on bank of mum and dad'

Saturday  19:30,   24 june 2017
Press Association

Nearly a third of people aiming to take their second step on the property ladder are still relying on help from the "bank of mum and dad" or other loved ones, research has found. Some 32% of people hoping to make the jump from their first[...]

UK Serious Fraud Office ends Bank of England probe

Saturday  19:30,   24 june 2017
AFP

Britain's Serious Fraud Office on Friday said it had closed a long-standing investigation into how the Bank of England held auctions to boost lending during the global financial crisis. "After a thorough investigation the SFO has concluded that[...]

SoftBank's $100 Billion Vision Fund Eyes Quantum Computing

Saturday  10:25,   24 june 2017
Bloomberg

(Bloomberg) -- SoftBank Group Corp.’s $100 billion Vision Fund is scouting for possible investments in quantum computing, an experimental science being researched by companies such as Google and IBM to succeed current computer processor technology.[...]

The UK can boost its GDP by £80bn if more of the nation's senior citizens continued to work

Saturday  10:25,   24 june 2017
International Business Times

PwC's "Golden Age Index" has revealed that the UK can learn from Sweden's retirement practices.As per the firm's "Golden Age Index", countries that are part of Organisation for Economic Co-operation and Development can add a total[...]

China orders halt to video streaming on major websites

Saturday  10:25,   24 june 2017
AFP

China's media oversight body announced Thursday that it has ordered three prominent Internet companies to terminate their video and audio streaming services. The State Administration of Press, Publication, Radio, Film and Television[...]

The political forces that could conspire to block or reverse Brexit

Saturday  08:10,   24 june 2017
MSN

MPs, the House of Lords, and devolved administrations could cause May difficulties. Public opinion about leaving the EU may change in coming years too. Pressure to delay or even reverse Brexit may become[...]