Category: World
U.S. investors prefer real estate and cash to stocks: survey
July 22, 2016 – Retail investors are showing signs they have lost faith in U.S. stocks, and that real estate and cash are the most popular investments, a Bankrate survey shows. Out of 1,000 adults asked what they would do with their money if they didn’t need it for 10 years, a quarter said they […]
Bank of England expects to ease policy rates in August
July 18, 2016 (LBO) – The Bank of England has kept its policy rates unchanged while expecting to ease its monetary policy stance next month after receiving official data on Brexit. At its meeting ending last week, the Monetary Policy Committee has voted by a majority of 8-1 to maintain bank rate at 0.5 percent, […]
Turkey cracks down after failed coup, 6,000 arrested
July 18, 2016 (LBO) – Turkey cracked down on suspected supporters of a failed military coup on Sunday, taking the number of people rounded up in the armed forces and judiciary to 6,000. President Tayyip Erdogan and the government accused former ally Muslim cleric Fethullah Gulen who is based in the U.S., of orchestrating the […]
Truck plows into crowd in France killing at least 77
July 15, 2016 (LBO) – A truck plowed into pedestrians during Bastille Day celebrations in the popular French seaside city of Nice on Thursday, leaving at least 77 people dead in what the nation’s president called “obviously a terrorist attack.” The deadly toll, which included several children, came after the truck slammed into revelers gathered […]
South Korea, Canada holds rates; Malaysia cuts rates 25bps
July 14, 2016 (LBO) – South Korea and Canada have left base rates steady while Malaysia cut its benchmark overnight policy rate by 25 basis points to 3 percent to support steady growth amid stable inflation. It is the first change in rates by Malaysia’s Central Bank since it raised its rate in July 2014 […]
‘s claims to South China Sea to be tested in ruling
July 11, 2016 (LBO) – An international tribunal will rule on China’s territorial claims in the disputed South China Sea on Tuesday, in an arbitration initiated by Philippines. China has not participated in the arbitration and will likely reject the ruling closely watched for its ramifications for South East Asia. “An award from the tribunal […]
Britain to slash corporate tax to lowest in a major economy
July 04, 2016 (LBO) – The British Chancellor George Osborne wants to slash corporation tax to less than 15 per cent, making it the lowest rate in any major economy, amid steps to buoy the economy after the brexit vote. He said Britain should “get on with it” to prove to investors that the country […]
Brexit may not happen anytime soon: report
June 28, 2016 (LBO) – Britain may not exit the E.U. anytime soon, as it needs to invoke Article 50 of the Lisbon Treaty of 2007 which grants member states the right to leave. There will be at least two years of negotiations about the terms of Britain’s future relationship with Europe, and the invocation […]
UK votes to leave the European Union with 51.9 pct votes
June 24, 2016 (LBO) – The United Kingdom has voted to leave the European Union obtaining 51.9 percent of total votes, official referendum results showed. 17,410,742 votes have been casted for Brexit while 16,141,241 others have casted their votes to remain in the EU. UK electoral commission said the national voter turnout was at 72.2 […]
BOE keeps benchmark rates, warns over Brexit
June 17, 2016 (LBO) – The Bank of England (BOE) left its benchmark bank rate unchanged at 0.50 percent and warned about the risks to growth and inflation from a decision to leave the European Union. The Bank has set the monetary policy to meet the 2 percent inflation target that helps to sustain growth […]
Shooting of British MP halts Brexit debate
June 17, 2016 (LBO) – The fatal shooting on Thursday of a British Member of Parliament, Jo Cox, an advocate for the U.K. to remain in the European Union, has temporarily silenced the debate over membership in the EU. All campaigning in the referendum was suspended after the first killing of a British member of […]
US Fed leaves rates steady on slower labor market
June 16, 2016 (LBO) – The US Federal Reserve left its benchmark target for the federal funds rate steady at 0.25 to 0.50 percent, supporting further improvement in labor market conditions and a return to 2 percent inflation target. The Fed, the central bank of the United States, said the pace of improvement in the […]