By CITY & FINANCE REPORTER Updated: 21:50 GMT, 8 December 2024 Donald Trump has said he will not try to oust Federal Reserve chair Jerome Powell in January. When asked by US reporters if he would make a change in January, he said: ‘No, I don’t think so,’ despite having previously argued with Powell over…
The UK now ‘doesn’t look so bad’ according to one senior banking source By JOHN-PAUL FORD ROJAS Updated: 14:08 GMT, 8 December 2024 Global banks are rethinking moves from London to mainland Europe as political chaos engulfs the Continent, The Mail on Sunday has been told. Lenders have been gradually shifting operations to cities including…
By HAMISH MCRAE Updated: 21:53 GMT, 7 December 2024 It is madness that bitcoin should break through the $100,000 barrier, as it did briefly on Thursday. But as Polonius observes in Hamlet: ‘Though this be madness, yet there is method in’t.’ The madness is easy to chart. This is an asset that is intrinsically worthless….
The treats on sale may be delicate and sweet – but one of Rachel Reeves’ henchmen faced a bitter tirade from the owners of a patisserie in Darlington when he tried to justify Labour’s huge tax increases. Jane and Frederic Robineau told Treasury Minister James Murray that small business people were ‘crying around their kitchen…
By JON HOPKINS Updated: 10:33 GMT, 7 December 2024 Quiz was in the hot seat with investors yesterday after it became the latest to reveal tough trading – warning that it may need further funding. Shares in AIM-listed fashion retailer Quiz plunged 43.2 per cent, or 2.3p, to 3.04p after it said both online and…
By CITY & FINANCE REPORTER Updated: 10:32 GMT, 7 December 2024 Germany was dealt a fresh blow yesterday as industrial production shrank in October, fuelling fears of a winter recession in Europe’s biggest economy. Official figures showed that industrial production unexpectedly fell 1 per cent compared to the previous month. Declines in the energy and…
By GEOFF HO Updated: 23:31 GMT, 6 December 2024 Unemployment in the US rose unexpectedly to 4.2 per cent last month, which paves the way for the Federal Reserve to cut interest rates before Christmas. The increase from 4.1 per cent gives the country’s central bank leeway to cut, even though overall job numbers were…
By ALEX BRUMMER Updated: 23:30 GMT, 6 December 2024 Finger on the pulse?: Ed Miliband Until now, Ed Miliband largely has been silent on new nuclear. Addressing nuke industry bigwigs this week, the Energy Secretary declared that ‘nuclear offers huge opportunities for our clean energy mission’. All that is splendid. However, the snail’s pace of British…
By GEOFF HO Updated: 18:56 GMT, 6 December 2024 Bitcoin topped $100,000 for the first time yesterday and is tipped to rocket to $120,000 early next year following Donald Trump’s election victory in the US. The cryptocurrency has soared since the election on hopes he will follow through with his campaign promise to make the…
Police investigating the death of Japanese actress Miho Nakayama after she was found unresponsive in the bathtub at her home in Tokyo have revealed a possible cause of death, according to reports. The 54-year-old was found sat upright and leaning forward in the bath, with the Metropolitan Police Department stating that there is a possibility that she…
