Family Building Society has brought back its Windfall Bond savings account which gives those with £10,000 a better chance at winning £50,000 than the Premium Bonds draw. But there is also the possibility no one could end up winning, unlike with NS&I’s Premium Bonds draw that doles out prizes each …
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Luis Alberto Moreno: next Latin American decade need not be a bust
The writer has served as president of the Inter-American Development Bank since 2005. He retires this month Ten years ago, I proposed that the 2010s could be the decade of Latin America and the Caribbean. I was not alone in this conviction. Thanks to earlier reforms, the region weathered the …
Read More »What does Tesla and Apple’s stock split mean for investors?
I own shares in Tesla and am considering buying more if its share issue goes ahead, I also previously had some in Apple and am thinking about buying back into it. I understand that both have just had a stock split and that this is aimed at making it easier …
Read More »Natwest and Barclays limit how much they will lend to homebuyers
Mortgage borrowers have been dealt another blow after two major banks heavily restricted how much they will lend to homebuyers. The High Street giants have introduced new caps on loan sizes. Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously. Borrowers were given …
Read More »Mortgage blow as banks apply loans squeeze
Mortgage borrowers have been dealt another blow after two major banks heavily restricted how much they will lend to homebuyers. The High Street giants have introduced new caps on loan sizes. Barclays has limited loans to just 4.49 times someone’s income – down from five-and-a-half times previously. Borrowers were given …
Read More »Brexit talks, ECB meeting, Japan leadership race
Brexit talks resume this Tuesday as the EU and the UK enter the final phase of negotiations that both sides accept need to be wrapped up by the end of October if a deal is to be in place for when the post-Brexit transition period expires at the end of …
Read More »ECB should ignore latest central bank inflation fad
As dedicated followers of fashion, European central bankers have also been following the intellectual trends set by others. When inflation targeting was in vogue in the 1990s, the European Central Bank adopted the new regime and became a paid-up subscriber to the economic theory that lay behind it. Inflation targeting …
Read More »The Fed risks higher inflation to boost jobs
The writer is chairman of Fulcrum Asset Management The new framework for US monetary policy announced at the Jackson Hole symposium in August is a watershed event, for both the practice of macroeconomic policy, and the theory that lies behind it. With markets beginning to doubt whether the Federal Reserve …
Read More »Will the ECB’s Lagarde try to talk down the euro?
The euro’s rapid rise in recent months has set alarm bells ringing at the European Central Bank, with its policymakers worrying that the currency’s strength is holding back the bloc’s economy and dragging down prices. After ECB officials voiced those concerns last week, the euro retreated after briefly touching a …
Read More »Nightclubs are next for a jobs purge as the industry faces collapse
Nightclubs are preparing to axe thousands of jobs as the industry faces collapse, The Mail on Sunday can reveal. Britain’s biggest nightclub operator has launched a consultation to slash 402 roles ahead of crisis talks with the Government on Monday. The move by the Deltic Group, which runs 53 clubs …
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