The hard work starts here as business demands special deals and market access
The City’s view on Britain triggering Article 50 to call time on its 44-year relationship with the European Union is that the hard work starts here.
Forex
Surge in overseas property buyers since Brexit looks set to continue says report
Chinese and Middle Eastern buyers have piled into the UK property market taking advantage of a plunge in the value of the pound since Brexit, a report said.
US launches anti-dumping probe against Chinese aluminium foil manufacturers
The US has launched an investigation into alleged dumping of aluminium foils by Chinese manufacturers.
Pernod Ricard blames price hike on pound’s post-Brexit slump
The owner of Absolut vodka and Martell cognac has blamed its decision to lift prices on spirits and wines in the UK on the need to offset the pound’s sharp slump.
Morgan Stanley considers moving 300 jobs away from the UK after Brexit
Morgan Stanley is reportedly considering moving approximately 300 jobs away from Britain to either Dublin or Frankfurt, once the UK leaves the European Union.
UK mortgage approvals at highest level in a year
The number of mortgages approved by High Street banks rose to its highest level in 12 months in January, fresh figures have shown.
Qatari minister hints Opec could extend oil production cuts beyond May
Oil benchmark gains were muted on Wednesday (22 February) as Qatari energy minister Mohammed Saleh Al-Sada hinted that Opec could extend its production cuts beyond May depending on market permutations.
UK consumer spending growth slows to a five month low in January, Visa says
Consumer spending in the UK grew by just 0.4% year-on-year in January.
Pensioners are now better off than working families due to weak wage growth
Pension freedoms: Five biggest risks to taking out your savings early IBTimes UK
British pensioners are, on average, better off than their working counterparts, new research has found.
China’s consumer and producer inflation rises in January, National Bureau of Statistics shows
China saw a surge in both consumer and producer price inflation in January, a report by National Bureau of Statistics says.