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Ashurst elects London corporate partner Karen Davies as first female chair
Partners at law firm Ashurst have elected London corporate heavyweight Karen Davies as their first female chair. Davies, the firm’s UK…
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Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication…
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Owning a cottage is becoming a pipe dream, even for Canada’s wealthy
Breadcrumb Trail Links Real Estate High Net Worth Economy Vacation spots only the ‘one per cent of the one-per-cent’ can…
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‘Excess exuberance’ in housing harks back to the market frenzy of the 1990s
Breadcrumb Trail Links News Economy Kevin Carmichael: Canadians are again adding to their already impressive debt piles, which represent a…
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Biden to Propose $6 Trillion Budget to Make U.S. More Competitive
Mr. Biden will also express support for Congress allowing Americans as young as 60 years old to enroll in Medicare,…
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Q&A: Inside the latest cannabis company listing
The week after the firm became one of the first weed companies to list in London, Neil Mahapatra, founder and…
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FRC not ‘strong enough’ to prevent corporate failure, CEO says
The Financial Reporting Council was not “strong enough” to tackle business and audit scandals that have provoked soul-searching in the…
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Police sound warning over social media sites driving scam investments
Investors have lost £63m to scammers flogging fraudulent investments on social media apps during the pandemic, The City of London…
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Downing Street sidesteps questions on whether PM planned to sack Hancock
The prime minister’s spokesperson has declined to deny that Boris Johnson contemplated firing health secretary Matt Hancock in early 2020…
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‘So much burnout, so many divorces, so much alcohol abuse’ — the deals boutique trying to end long-hours culture
Lockdown has catapulted the issue of long hours in the City to the top of the agenda, with tales of…
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Weekly mortgage demand falls as interest rates move higher
A slight increase in mortgage interest rates was enough to tank refinances and bring down overall demand. Total mortgage application…
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GAM joins rush to Asia growth with new Singapore office
GAM, the Swiss asset manager, has opened an office in Singapore, joining a growing list of foreign asset managers that…
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The Bank of Canada is trying to go green
Breadcrumb Trail Links News Economy Central bank is becoming an important player in the climate fight Author of the article:…
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GameStop set to launch Ethereum-powered platform for NFTs
Video game retailer GameStop is turning its focus to the next craze on Wall Street: non-fungible tokens. GameStop, a shop that…
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Republicans Promise Counteroffer as Infrastructure Talks Falter
WASHINGTON — With bipartisan negotiations faltering, President Biden and Senate Democrats are facing difficult decisions about how to salvage their…
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Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says
A real estate broker, right, gives a tour for potential home buyers during an open house in Manhattan Beach, California.…
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Goldman Sachs scores deal to target Chinese wealth market
Goldman Sachs Asset Management is to establish a wealth management joint venture in China, making it the latest foreign investment…
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Covid has bolstered the fintech revolution — and criminals’ opportunities
Markets are changing — and fast. The tech revolution in finance is only picking up speed and the Covid-19 pandemic…
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Ex-Dechert partner in ENRC v SFO case motivated by ‘money and greed’, court hears
A white-collar crime lawyer has been accused of inciting the Serious Fraud Office into investigating his client ENRC to ramp up…
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State Revenues Pour In, Raising Pressure on Biden to Divert Federal Aid
WASHINGTON — From California to Virginia, many states that faced devastating shortfalls in the depths of the pandemic recession now…
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UK should leverage Brexit to lead global crypto rules, says City lobby
Brexit poses a “valuable opportunity” for UK policymakers to get ahead of global rivals in regulating cryptoassets, according to a…
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These are the UK’s wealthiest hedge fund managers in 2021
For the City, the last 12 months proved to be a record year in minting new billionaires, as Britain created…
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Don’t be a sitting duck when this stock market rally fades — here’s what you should do now
Stock investors got a dose of harsh reality earlier this month when the major US market indexes declined and took…
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Here’s why bitcoin dipped — and what crypto bulls think about it
Bitcoin took a beating over the weekend as China stepped up its curbs on cryptocurrency trading, falling almost 50% from…
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LSE warns Reuters that paywall breaches Refinitiv deal terms
A rift between the London Stock Exchange Group and Reuters has opened up over the media company’s plans for a…
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The Faces of Mothers Who Bore the Burden of the Pandemic
Times Insider explains who we are and what we do, and delivers behind-the-scenes insights into how our journalism comes together.…
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Key Senate Dem’s choice for Fed board is an economist who would be the first Black woman to serve in that role
Lisa Cook, associate professor at the Michigan State University, arrives for dinner during the Jackson Hole economic symposium, sponsored by…
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April existing home sales drop, marking three straight months of declines
Daniel Acker | Bloomberg | Getty Images Sales of existing homes dropped 2.7% in April from March to a seasonally…
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Bitcoin’s value ‘entirely based on wishful thinking’, says Deutsche Bank
The value of bitcoin is “entirely based on wishful thinking”, Deutsche Bank has said in a note to clients, adding…
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Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low…
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Investors fear more property fund casualties after Aviva closure
Aviva Investors’ decision to shutter its UK Property fund could be the first of many permanent closures, as the real…
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UK reveals vaccine booster trial programme
The UK government has funded new clinical trials to assess the potential for a number of Covid-19 booster vaccines. More than 2,800 people aged…
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Spacs to stay ‘relatively minor’ part of UK market, FCA says as it eyes relaxing listings rules
The blank-cheque company boom on Wall Street is unlikely to be replicated in the City, according to an executive at…
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UBS promotes Hutchings to lead private capital business in Europe
UBS has promoted a senior dealmaker to head up its private capital business in Europe. The Swiss bank has named Jason…
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Andrea Orcel slashes claim against Santander ahead of Madrid court hearing
Andrea Orcel has sharply reduced his claims against Banco Santander in relation to the Spanish bank’s decision to withdraw his…
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Homebuyers are applying for ever bigger mortgages as home prices soar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open…
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UBS hires Credit Suisse’s Botteri for new financing unit
UBS has hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth…
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Banks Fight $4 Billion Debt Relief Plan for Black Farmers
WASHINGTON — The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance…
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Deutsche Bank shakes up top of UK investment bank with Barclays hire
Deutsche Bank has shaken up the senior ranks of its UK investment bank, poaching a senior dealmaker from Barclays as…
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Bitcoin tanks below $40,000 mark as Tesla gains erased
The price of bitcoin has fallen almost 16% in the last 24 hours, as the largest cryptocurrency’s meteoric 2021 run…
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Texas, Indiana and Oklahoma join states cutting off pandemic unemployment benefits.
Texas, Indiana and Oklahoma this week joined the growing number of states that are withdrawing from federal pandemic-related unemployment benefits.…
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Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber
Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of…
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Fund managers sell tech, buy UK as inflation fears mount
Fund managers have begun positioning portfolios for higher inflation, trimming their exposure to technology companies and loading up on UK…
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This hedge fund sceptic won a 50% return shorting bitcoin names as ‘religious zeal’ fades
A City hedge fund manager’s ongoing bet against bitcoin proponent MicroStrategy has netted him a 50% return, amid a wider…
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Big Short investor Michael Burry bets against Tesla as Elon Musk’s wealth slips
Michael Burry, the investor known for shorting mortgage securities during the financial crisis, has placed a significant bet against electric…
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The Bank of Canada, governed by five white men, has a long way to go with Macklem newly championing diversity
Breadcrumb Trail Links News FP Work Economy The Governing Council is the opposite of diverse Author of the article: Kevin…
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El-Erian on why Elon Musk tweets have ‘shaken’ the bitcoin dynamic
Mohamed El-Erian, chief economic adviser to Allianz, says the recent slump in bitcoin’s price is a sign that the cryptocurrency…
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Banks are finally out of the blocks in the urgent race to meet net zero
Central banks are taking steps to better assess climate-related risks, and asset managers responsible for more than a third of…
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Social media drives crowd of young investors to markets in wake of GameStop saga
Almost a fifth of Gen-Z investors have ventured into the markets over the past year, with 9% starting after the…
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Goldman’s dogecoin millionaire reveals crypto loophole for City traders
A report about a Goldman Sachs managing director who left the bank after winning big on dogecoin has ignited chats among bank…
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