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LATEST NEWS

Stay current with our daily news updates - latest financial and economy news is posted on this page at least once daily, so you know what is happening in relation to your money.

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Euro Rises versus US Dollar
29 July 2010 - Which Way To Pay
The euro rose on Thursday versus the US dollar, after fresh concern that the US economic recovery may be slowing.
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British Gas Profits Rise 98 Percent
28 July 2010 - Which Way To Pay
The cold weather at the start of the year – which may seem like another world in today’s summer temperatures – benefited companies like British Gas, which today posted its huge profits for the first half.
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Foreign Exchange Market Grows
27 July 2010 - Which Way To Pay
The foreign exchange (forex) market grew in April, from $3.2 trillion in October to over $4 trillion in April, according to latest data readings.
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European Bank Shares Rise
26 July 2010 - Which Way To Pay
Bank shares have risen in Europe after good bank stress test results were announced on Friday.
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Economic Recovery to be Gradual
22 July 2010 - Which Way To Pay
According to the Bank of England, the economic recovery in the UK will be gradual rather than sharp.
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Shares Rise in Early Trade
21 July 2010 - Which Way To Pay
European shares rose in early trade this Wednesday, after good company results filtered through including from market giant Apple.
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Sterling Slips on Public Borrowing Data
20 July 2010 - Which Way To Pay
The pound slipped after news that public sector borrowing was worse-than-expected in June. Net borrowing reached £14.5 billion last month, higher than the £13 billion which had been expected.
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Ireland Sovereign Credit Receives Downgrade
19 July 2010 - Which Way To Pay
The Republic of Ireland has had its sovereign rating downgraded by top credit rating’s agency Moody’s Investor Service. Having been at Aa1, it has now been updated to Aa2.
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Forced Pension Annuities May End
16 July 2010 - Which Way To Pay
The government has announced plans to end a compulsory deadline for people who buy annuities.

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BP May Face Seven Year Drilling Ban
15 July 2010 - Which Way To Pay
Oil company BP is facing a prospective seven-year ban on offshore drilling after a faction of US Congress agreed on new measures.
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Portugal Credit Rating Downgraded
13 July 2010 - Which Way To Pay
Moody’s ratings agency has cut Portugal’s credit rating to A1, news which drove the euro down in this morning’s early trade.
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Sterling Falls to 3 Week Lows
12 July 2010 - Which Way To Pay
The pound tumbled on Monday after economic data brought renewed concern over the British economy.
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Banks Stress Test Optimism Spurs Markets
08 July 2010 - Which Way To Pay
Markets rallied for a third day in Europe as investors continue to hope for positive results from bank stress tests.
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Euro Zone Exports Increase in First Quarter
07 July 2010 - Which Way To Pay
Exports in the euro zone rose 2.1 per cent from the fourth quarter while government spending is said to have boosted the recovery in the region in the first quarter this year.
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Expert Forex Analyst Says Euro to Weaken Further
06 July 2010 - Which Way To Pay
The euro has not seen the worst yet, according to a respected foreign exchange analyst. Shaun Osborne, the chief currency strategist at TD Securities Inc in Canada has said that the euro may even reach parity with the dollar by the end of the year.
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Pound Falls on Weak Data
05 July 2010 - Which Way To Pay
The pound’s low for the day has already been hit in the London session, reaching $1.5160 after weak data for the UK services sector was announced. Previously it had been at $1.5170.
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Euro Receives Boost Despite ECB Bank Loans
02 July 2010 - Which Way To Pay
The euro received a boost on the second straight day of the ECB’s lending to commercial banks.
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Home Loan Defaults Drop Suddenly
01 July 2010 - Which Way To Pay
Mortgage and business loan defaults have dropped suddenly for the period between April and June, says the Bank of England.
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German Jobless Figures Down for June
30 June 2010 - World Way To Pay
German unemployment figures have been announced for June, showing that the number of people without a job have gone down for the month.
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Shares Fall on BP Delay Comment
29 June 2010 - Which Way To Pay
Shares fell in early trade in Europe, with the FTSEurofirst 300 index down 1.3 per cent to 1,013.78 points. Oil and copper prices lowered, and shares in BP fell nearly 3 per cent after it announced possible delays to its cleanup operation due to storm Alex.
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Defict Cuts for The World
28 June 2010 - Which Way To Pay
World leaders at the G20 summit in Toronto agreed on budget cuts over the weekend. By 2013, G20 nations hope to have reigned in spending and have created a healthier global economy.
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G20 Summit in Toronto
25 June 2010 - Which Way To Pay
World leaders are arriving in Toronto, Canada for the G8 and G20 summit this weekend. This will be Prime Minister David Cameron’s first in his new role.
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Australia Appoints First Woman Prime Minister
24 June 2010 - Which Way To Pay
An historic day for Australia this Thursday, as it appointed its first female Prime Minister, Julia Gillard. Ms Gillard was sworn in as the new leader of Australia’s Labour party and shortly afterwards vowed to end a long dispute over a mining tax.
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Muted Market Response to Budget
23 June 2010 - Which Way To Pay
The emergency Budget, announced yesterday by Chancellor George Osborne, was greeted by a fairly muted market. As the toughest Budget in a generation, it looks set to put the country into frugal times.
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China Honours its Yuan Flexibility Pledge
22 June 2010 - Which Way To Pay
The Chinese central bank has moved towards honouring its pledge to increase flexibility in the yuan this Tuesday.
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Public Sector Pensions Face Increase
21 June 2010 - Which Way To Pay
On Sunday, the Chancellor George Obsorne said that the gap between private and public sector pensions was “unsustainable” and that urgent action is required to cut the country’s deficit. It is now expected that public sector pensions are to rise, in some cases steeply.
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Budget Deficit Lowers More than Expected in May
18 June 2010 - Which Way To Pay
The budget deficit lowered by more than expected in May, according to official figures.
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BP to Cut Dividends
17 June 2010 - Which Way To Pay
The oil company BP has announced that it will cut dividends and sell £6 billion of assets as part of its commitment to pay for the oil spill in the Gulf of Mexico.
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FTSE Makes Early Gains
16 June 2010 - Which Way To Pay
The FTSE 100 share index made slight gains in early trade on Wednesday, as investors headed cautiously towards more risky assets.
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Greece Government Bonds Receive Another Downgrade
15 June 2010 - Which Way To Pay
Greece suffered another economic blow on Monday when credit rating agency Moody’s downgraded its government bonds to junk status.
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European Shares Up for Third Day
11 June 2010 - Which Way To Pay
European shares were up in early trading in the London session, after overnight gains on the Asian market. The rise has been partially down to investor optimism about global growth, according to market analysts.
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Stocks Decline Led by BP
10 June 2010 - Which Way To Pay
Stocks fell on Thursday led in the main part by oil giant BP Plc after US President Barack Obama strengthened their attacks on the company.
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Finland Retreated Back into Recession
09 June 2010 - Which Way To Pay
According to official statistics, Finland slipped back into a recession in the first quarter of 2010.
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Alleged Rogue Trader Kerviel Goes on Trial
08 June 2010 - Which Way To Pay
Blamed by Societe Generale for losses of €4.9 billion, French trader Jerome Kerviel goes on trial in Paris today.
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Shares and Euro Tumble on Fears of Double Dip
07 June 2010 - Which Way To Pay
Markets in Europe have started the day lower on fresh fears of a double-dip recession taking hold.
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Is Housing Recovery Losing Pace?
04 June 2010 - Which Way To Pay
After a second straight month of falling house prices in May, there are growing concerns that the housing market’s recovery is losing pace.
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FTSE 100 Rises Sharply
03 June 2010 - Which Way To Pay
The FTSE 100 jumped this morning in early trade, after strong overnight gains in Asia and on Wall Street.
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FTSE 100 Seen Opening Down
02 June 2010 - Which Way To Pay
After overnight falls in Asia and on Wall Street, the FTSE 100 is seen opening down this morning. Analysts expect falls of up to 80 points for the blue chip index.
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Euro Retreats on Recovery Peak Suspicions
01 June 2010 - Which Way To Pay
Tuesday saw the euro and Asian stocks fall on the growing suspicion that the economic recovery has peaked, meaning that growth in the second part of the year will be slower in Europe and China.
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Euro Approaches Four Year Low
27 May 2010 - Which Way To Pay
The euro was heading towards a four-year low against the US dollar on Thursday, after a report emerged which claimed that China was looking into its euro zone bond holdings.
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Bank Tax for Europe Gains EU Support
26 May 2010 - Which Way To Pay
A tax on all EU banks should be enforced, the EU internal market commissioner is likely to say later today.
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Corporate Tax Cuts to be Introduced
25 May 2010 - Which Way To Pay
In a bid to provide a boost for the private sector and thereby economic growth, the new coalition government plans to introduce corporate tax cuts.
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Cameron Confirms UK to Stay Out of Euro
21 May 2010 - Which Way To Pay
Prime Minister David Cameron confirmed Britain’s position staying out of the euro, telling French President Sarkozy that “We were right not to join the euro,” and that the country was “right to stay out of the euro”.
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Pre Tax Profit for the Top 10 Foreign Exchange Firms
20 May 2010 - Which Way To Pay
The top ten foreign exchange companies according to pre tax profits have been announced.
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German Ban Causes Shares to Tumble
19 May 2010 - Which Way To Pay
A German ban on “naked” short-selling has hit markets in Asia overnight with European shares likely to follow suit this morning. Indices in Japan, Hong Kong and Singapore all fell in late trade.
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Hedge Funds to Get Tougher EU Controls
18 May 2010 - Which Way To Pay
European lawmakers have approved a plan to put tougher controls on hedge funds and private equity firms. The decision comes just before a meeting of EU finance ministers, and means that stricter rules on regulation of the financial market are once again top of the agenda.
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Euro Declines to 4 Year Low
17 May 2010 - Which Way To Pay
The euro has declined to a four-year low against the US dollar this morning after fresh concerns on the Eurozone region affected investors.
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Capital Gains Tax will Rise
14 May 2010 - Which Way To Pay
As part of the reforms package being put together by the new Conservative and Liberal Democrat coalition government, capital gains tax (CGT) will be increased notably for non-business assets.
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CBI Calls for Deficit Focus from New Government
12 May 2010 - Which Way To Pay
The CBI and other business groups have called for the new coalition government to put Britain’s public finances at the top of the ‘to do’ list.
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Market Excitement over Euro Rescue Slows
11 May 2010 - Which Way To Pay
After a buzzing day on the markets on Monday, market excitement over the Euro rescue package faded on Tuesday as suppressed doubts resurfaced.
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