Economy

Tuesday, January 8th 2019 - 10:11 UTC
Financial sector leading firms plan to launch an equities exchange: “Members Exchange”

A group of nine leading retail broker-dealers, banks, financial services firms, and global market makers, have agreed to launch an equities exchange, MEMX, or Members Exchange. The new exchange will be owned entirely by its founding members and will seek to deliver benefits to retail and institutional investors by introducing greater competition to the marketplace. MEMX will file an application with the Securities and Exchange Commission in early 2019 for approval to operate as a national securities exchange.
Tuesday, January 8th 2019 - 09:25 UTC
US taxpayers will receive refunds, pledges Trump despite government shutdown

Millions of US taxpayers will still receive refunds despite an ongoing partial government shutdown, the White House has said. The Internal Revenue Service (IRS) has previously delayed tax refunds during a government shutdown.
Tuesday, January 8th 2019 - 08:42 UTC
First Minister Sturgeon: Brexit has strengthened the case for Scottish independence

Brexit has “materially strengthened” the case for Scottish independence, Nicola Sturgeon has said. The First Minister said Scotland’s interests are being “completely ignored and sidelined” and that what has happened in the last two years has reinforced the case for it to leave the UK.
Tuesday, January 8th 2019 - 08:37 UTC
World Bank President steps down; possible differences with Trump's policies

World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. His resignation will take effect from 1 February. Mr Kim, 59, was not due to leave until 2022, after he was re-elected for a second five-year term in 2017.
Tuesday, January 8th 2019 - 07:32 UTC
Ryanair, UK's least liked short-haul airline for sixth year running

Ryanair has won the dubious honor of the UK's least-liked short-haul airline for the sixth year running. The results from a Which survey of airline passengers ranked Ryanair at the bottom of 19 carriers flying from the UK. A Ryanair spokesperson said the airline's success was not reflected in the survey.
Tuesday, January 8th 2019 - 06:54 UTC
Bolsonaro advances on the Amazon: head of environmental protection agency resigns

The head of Brazil's environmental protection agency has resigned following criticism from the country's newly inaugurated far-right President Jair Bolsonaro.
Monday, January 7th 2019 - 09:18 UTC
Rule out a “no-deal Brexit”, 200 plus all parties MPs call on Theresa May

More than 200 MPs from different political parties have signed a letter to Prime Minister Theresa May, urging her to rule out a no-deal Brexit. The MPs - including both Leave and Remain supporters - have been invited to meet the prime minister on Tuesday.
Monday, January 7th 2019 - 09:03 UTC
Oil Is at the mercy of Financial Markets

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 per cent by midday in New York, but come largely after U.S. equity markets shook off an earlier bout of pessimism.
Monday, January 7th 2019 - 08:44 UTC
New pound coin goes global with rollout to British Overseas Territories

United Kingdom Overseas Territories and Crown Dependencies will, for the first time, be able to design and mint their own versions of the new 12-sided £1 coin. The iconic £1 coin has long been recognized around the world and Brits living in UK territories may soon be able to spend unique versions of the new pound, replacing the older coins currently in use, reports the UK Treasury in an official release.
Saturday, January 5th 2019 - 09:06 UTC
Major “live test” in South England on Monday in the event of a no-deal Brexit

The British Government is to use up to 150 trucks in a major test of its plans for UK border disruption in the event of a no-deal Brexit. A “live test” on Monday will examine the proposal to use Manston airfield near Ramsgate as a mass “HGV holding facility” to alleviate congestion on the roads to the Channel ports, the Department for Transport has confirmed.