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This stock has lost almost 20% since the California wildfires

This stock has lost almost 20% since the California wildfires
This stock has lost almost 20% since the California wildfires The stock of California’s largest electric company has plummeted 18% since wildfires began tearing through Northern California last week. Investors are worried that Pacific Gas and Electric (PCG) could be found liable for damages from the fires, which have led to more than 40 deaths and destroyed more than 5,700... Read More

Pound V euro: GBP exchange rate climbs as inflation strikes five-year high

Pound V euro: GBP exchange rate climbs as inflation strikes five-year high
Pound V euro: GBP exchange rate climbs as inflation strikes five-year high GBP/EUR is currently at around €1.127, up roughly 0.3 per cent from its starting levels following the release of the UK’s latest inflation figures. According to the latest CPI figures published by the Office for National Statistics (ONS), inflation in the UK climbed from 2.9 per cent to... Read More

'Drop was UNNECCESSARY' MPs savage Carney over controversial Brexit interest rate cut

'Drop was UNNECCESSARY' MPs savage Carney over controversial Brexit interest rate cut
‘Drop was UNNECCESSARY’ MPs savage Carney over controversial Brexit interest rate cut The Bank cut core interest rates from 0.5 per cent to 0.25 per cent last August following the Brexit vote, helping to significantly weakend the pound. Yet economy growth remained strong in the following months, while inflation surged amid the weaker pound. MP Alister Jack today asked Mark... Read More

China shuts down billionaire's golf courses

China shuts down billionaire's golf courses
China shuts down billionaire’s golf courses China’s richest man’s Hollywood ambitions It’s a double bogey for Chinese real-estate tycoon Wang Jianlin. Authorities have shut down two high-end golf courses at a resort in northeastern China operated by Wang’s company, Dalian Wanda Group. The closures are the latest case of Chinese government officials cracking down on golf, which has become a... Read More