Category: Business

Gold Rises, Dollar Declines as Fed Hints at Possible Price-Level Targeting

Gold Rises, Dollar Declines as Fed Hints at Possible Price-Level TargetingCC0Business14:59 23.11.2017(updated 15:02 23.11.2017) Get short URL3125260 The Federal Reserve has released the minutes of its latest policy meeting, sending the dollar lower and boosting demand for gold, as investors envision greater market volatility ahead. Kristian Rouz – Gold prices posted solid gains in US trading […]

‘Google Tax’: UK Cracks Down on Tax Evasion by Tech Giants

‘Google Tax’: UK Cracks Down on Tax Evasion by Tech Giants © AP Photo/ Rick RycroftBusiness15:05 23.11.2017(updated 17:24 23.11.2017) Get short URL128860 The UK government has announced that it will toughen its tax rules in order to combat massive tax evasion by leading Internet companies. In his budget speech, UK Chancellor of the Exchequer Philip Hammond […]

US Economy: Maintaining Momentum Despite Lingering Investment Challenges

US Economy: Maintaining Momentum Despite Lingering Investment ChallengesCC0 / PixabayBusiness16:03 23.11.2017(updated 15:07 23.11.2017) Get short URL19710 US business investment slows stirring concerns regarding the health of the non-financial sector, however, the progress on tax reform, and expectations of further monetary normalization support the view of US economy as accelerating to above 3 percent per year […]

Power Outage? British Gas Owner Centrica Loses 800,000 Customers in Four Months

Power Outage? British Gas Owner Centrica Loses 800,000 Customers in Four Months © AP Photo/ Kirsty WigglesworthBusiness17:20 23.11.2017(updated 17:38 23.11.2017) Get short URL 0 53960 As the UK government trains its sights on “rip-off tariffs” in consumer energy, sector leader Centrica has already suffered a seismic customer exodus. Shares in British Gas parent company Centrica have plummeted by around […]

Norway’s $1-Trillion Wealth Fund Seeks to Lower Exposure to Oil, Gas

Norway’s $1-Trillion Wealth Fund Seeks to Lower Exposure to Oil, Gas © REUTERS/ Nerijus Adomaitis/File PhotoBusiness20:26 21.11.2017(updated 20:36 21.11.2017) Get short URL110120 Norway’s central bank proposes to divest the Government Pension Fund Global (GPFG) – the world’s largest sovereign wealth fund – to divest from oil and gas due to the low return-on-investment (ROI). Kristian […]

Closer Than Canada, Bigger Than Norway: The Optimism of UK Brexit Minister

Closer Than Canada, Bigger Than Norway: The Optimism of UK Brexit Minister © AP Photo/ Philip ToscanoEurope16:07 21.11.2017Get short URL 0 32601 Brexit minister David Davis told a conference of business leaders that the UK is prepared for “no deal” with the European Union. David Davis, the UK’s Secretary of State for Exiting the European Union, on Tuesday, November […]