Business news blog


Osborne 'should hold fire' on cuts

Chancellor George Osborne could "make a weak economic situation weaker" if he proceeds with more Budget cuts, warns the EY Item Club.

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Floods bill estimated at ?1.3bn

Insurance claims for damage caused by the floods so far this winter will reach ?1.3bn, the Association of British Insurers says.

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US Fed raises interest rates by 0.25% - BBC News


Business Insider

US Fed raises interest rates by 0.25%
BBC News
UK rates have been held at 0.5% for more than six years. Although some think the UK's central bank should act sooner than late 2016 to implement a rate rise, the UK business lobby group, the CBI, said it was unlikely to mean swifter action from the ...
Exotic currencies are diving ahead of the Fed's expected rate hikeBusiness Insider
Why A US Interest Rate Increase MattersManx Radio
Federal Reserve hikes interest rates seven years after financial crisis ? as ...The Guardian
Belfast Telegraph
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Fix Libor for a curry, court told

A convicted currency trader offered six London brokers take-away curries in exchange for helping him fix multi-million pound yen currency trades, a court has heard.

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