financial news this week
- Finance
Reuters postpones plans for website paywall after spat with LSE
Reuters has postponed plans to introduce a new paywall on its website, after complaints from the London Stock Exchange Group that the move…
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Ex-Fieldfisher partner faces tribunal over allegedly backdating documents
A former real estate partner at law firm Fieldfisher is facing a disciplinary tribunal after allegedly backdating documents and signing…
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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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Celebrity fintech Lanistar breaches advertising rules as ‘misleading’ security claims continue
Promotions by fintech startup Lanistar claiming its payments cards were “the world’s most secure” were misleading and must not be made again,…
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Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
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Wall Street banks get prosecutor requests for information about Archegos
Federal prosecutors in New York have requested information about Archegos Capital Management from banks across Wall Street, according to people…
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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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Working from home and the office won’t be as easy as you think — podcast
Breadcrumb Trail Links News FP Work Economy Episode 103 of Down to Business podcast Author of the article: Gabriel Friedman…
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ENRC case against Dechert and SFO ‘the stuff of conspiracy theories’, lawyers claim
A case brought by mining company Eurasian Natural Resources Corporation against Dechert and one of its ex-partners is the “stuff of…
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Watchdog orders crypto app Luno to halt ‘misleading’ London bus and Tube ads
The Advertising Standards Authority has ruled that advertisements for cryptocurrency exchange service Luno took advantage of consumers’ lack of experience. The…
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The economic cost of racial inequity at work put at $58.7bn per year
A year after George Floyd’s killing turned racial inequity and justice into a key theme for policing, politics and business,…
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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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EY staff to spend two days a week at home under new hybrid working plan
Big Four accountancy firm EY has told its staff to expect to spend two days a week working from home…
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Cryptocurrency prices stabilize after another wild weekend.
Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high…
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ENRC opens £70m ‘leaks’ claim against SFO and Dechert in London court
Eurasian Natural Resources Corporation is set to claim that the UK’s Serious Fraud Office committed serious failures in its efforts to pursue a criminal…
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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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‘We Always Rise.’ A Black-Owned Bookstore Navigates the Pandemic
By summer, he closed off half the store and planned an expansion. Sawdust mixed with incense as he knocked down…
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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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GameStop, the rise of retail, and why we should drop the term ‘dumb money’ for good
Relying on gut instinct and lacking financial acumen, retail investors have been derided for buying and selling investments at the…
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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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The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release…
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To “build back better,” we must connect young people to jobs and education
In cities and counties across the country, summer youth employment programs (SYEPs) stand out as some of the largest and…
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‘Exuberant’ housing markets in Toronto, Hamilton, Montreal pose threats to financial stability, Bank of Canada says
Breadcrumb Trail Links Real Estate News Economy Ottawa could soon join the list of trouble spots Author of the article:…
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Esma appoints French regulator to oversee daily operations
The European Securities and Markets Authority has confirmed the appointment of former French regulator Natasha Cazenave to oversee the day-to-day running…
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Fidelity International, JPMorgan scramble to vaccinate India staff as nation reels from Covid
Fidelity International, the $706bn asset manager, is offering to pay for Covid vaccines for its more than 3,000 staff based…
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A Fed vice chair says trying to choke off inflation could ‘constrain’ the recovery.
Randal K. Quarles, the Federal Reserve’s vice chair for supervision and regulation, said that the central bank was monitoring inflation…
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Trading chiefs brace for more M&A amid digital renaissance
Senior executives in the trading and market infrastructure industry anticipate more mergers in the months ahead, with smaller firms and…
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The loonie is soaring — and it isn’t just an oil story
Breadcrumb Trail Links News FP Investor Economy Surging demand for commodities and Bank of Canada’s hawkish stance on interest rates…
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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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Bitcoin’s chances of topping $100k tumble as crypto bulls flee
The likelihood of bitcoin reaching $100,000 before the end of 2021 has narrowed on the back of a mass sell-off…
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Canada’s steel industry has a secret weapon that could soon beat China’s cheaper bids
Breadcrumb Trail Links Renewables News FP Energy Economy Commodities Canadian steel has one of the lowest carbon footprints in the…
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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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Who knew? Toronto the Boring is now North America’s top financial centre, next to New York
Breadcrumb Trail Links News Economy Canada’s biggest city is adding bankers, portfolio managers and other finance types faster than any…
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Tom Hayes’ battle to quash his Libor conviction nears its end
Tom Hayes’ years-long fight to overturn his conviction for rigging Libor is nearing its end. The Criminal Cases Review Commission,…
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Square CFO Ahuja on bitcoin and how crypto investing is ‘serious, not entertainment’
Amrita Ahuja’s career route may look somewhat typical for a rising star in finance — with stints at consulting firm…
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City must apply pandemic lessons to counter the risk of cyber-attacks
The devastating impact of the pandemic has rightly prompted businesses and investors to scour the horizon for other risks they…
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China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
HONG KONG — BlackRock gave it money. So did Goldman Sachs. Foreign investors had good reason to trust Huarong, the…
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The Fed Is Betting Inflation Expectations Will Stay Controlled. It’s a Gamble.
Turn on the news, scroll through Facebook, or listen to a White House briefing these days and there’s a good…
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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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These stocks could fly as Europe’s Covid-19 reopening gathers pace, Goldman says
Analysts at Goldman Sachs have tipped a group of stocks to take off as Europe emerges from widespread Covid-19 lockdowns. 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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UK ramps up second vaccine doses to combat Indian Covid variant
Prime Minister Boris Johnson has confirmed that the UK’s vaccine rollout will be stepped up in a bid to combat…
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Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a…
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London set for flurry of cannabis IPOs after UK watchdog green light
The FCA has received at least seven queries about listing cannabis companies since medical marijuana became legal in the UK,…
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Government may tighten Covid rules as concerns mount over Indian variant
The government has said it has not ruled out re-imposing tighter coronavirus restrictions in the UK, amid mounting concern over the…
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Investors are worried about inflation data, but economists see it as a sign of temporary growth
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters…
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Citi hires Ibáñez from Deutsche Bank for senior tech dealmaker role
Citigroup hired a Deutsche Bank dealmaker to bolster its technology investment banking team in Europe, a key focus for the…
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U.S. Asks Mexico to Investigate Labor Issues at G.M. Facility
WASHINGTON — The Biden administration announced on Wednesday that it was asking Mexico to review whether labor violations had occurred…
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City urges the Bank of England to bring on the ‘Britcoin’ revolution
We must not let the Chinese get too far ahead. The UK must be at the forefront of the development…
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Andrea Orcel shuffles UniCredit leaders in first major move as CEO
New UniCredit chief executive, Andrea Orcel, has shaken up the Italian lender’s upper ranks, slimming down its executive committee and…
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