FTSE 100
7258.75
+0.40%
CAC 40
4828.32
+0.04%
DAX 30
111.703
+0.206%
S&P 500
2317.13
+0.40%
NASDAQ-100
5231.79
+0.38%
NIKKEI 225
19378.93
+2.49%
HANG SENG
23574.98
+0.21%
S&P/ASX 200
5720.60
+0.99%
EUR/USD
1.0644
-0.1164%
GBP/USD
1.2491
-0.0552%
EUR/GBP
0.8521
-0.0399%
USD/JPY
113.2590
-0.0300%
EUR/JPY
120.5530
-0.1441%
USD/CHF
1.0023
+0.0909%

An accredited financial and economic news service, specialising in up-to-the-second broadcast reports and headlines

news

LONDON HOME
Hide

our products

<p>up to the second audio news feed</p>

up to the second audio news feed

<p>live press conference feed</p>

live press conference feed

<p>fixed income wire service</p>

fixed income wire service

<p>trading education & tutoring</p>

trading education & tutoring

RT @MargSchinas: #TeamJunckerEU today: updates on Google and banks decisions; reflection paper on #EUbudget by 2025 in #FutureOfEurope seri… (2mins) like | retweet
Banking sector regulatory capital - 2017 Q1 | Bank of England https://t.co/qtuxpFCpyZ (3mins) like | retweet
WATCH: ECB's Mersch Speaks On ‘Business Cycles, Growth & Macroeconomic Policy’ In Sintra https://t.co/Xz85ZGHZ5T (19mins) like | retweet
RT @IIF: #China continues to be the main driver of global debt growth. https://t.co/JsmMfaLYY9 (25mins) like | retweet
RT @NourHammoury: BNP PARIBAS SAYS ITS REAL ESTATE ARM HAS BEEN HIT BY GLOBAL CYBER ATTACK, HAS TAKEN MEASURES TO QUICKLY ISOLATE THE IMPAC… (29mins) like | retweet
Swedish FinMin Andersson: More Downside Risks Than Upside To Economy - RTRS (33mins) like | retweet
Swedish FinMin Andersson: Public Finances Seen In Line With Surplus Target For Coming Years - RTRS (34mins) like | retweet
[RTRS] Swedish Government: 2017 GDP Seen At 2.5% (Prev Forecast Saw 2.6%) -2018 GDP Seen At 2.3% (Prev Forecast Saw 2.1%) (34mins) like | retweet
Eurozone M3 Money Supply (Y/Y) May: 5.00% (est 5.00%; prev 4.90%) (40mins) like | retweet
FCA Final Report Into Asset Management Sector https://t.co/0xWv1lwH6S (1hrs ) like | retweet
today’s featured stories
Google Hit By Record-Breaking EUR2.4 Bln Fine From EU
Google has been handed a record-breaking fine EUR2.42bn fine by the European Union for abusing its dominance of the search engine market in building its online shopping service. European regulators gave the tech giant 90 days to stop its illegal activities or face fines of up to 5% of the...
Read More

Google has been handed a record-breaking fine EUR2.42bn fine by the European Union for abusing its dominance of the search engine market in building its online shopping service.

 

European regulators gave the tech giant 90 days to stop its illegal activities or face fines of up to 5% of the average daily worldwide turnover of parent company Alphabet.

 

Commissioner Margrethe Vestager, in charge of competition policy, said: “Google has come up with many innovative products and services that have made a difference to our lives. That’s a good thing. But Google’s strategy for its comparison shopping service wasn’t just about attracting customers by making its product better than those of its rivals. Instead, Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors.

 

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.” (Guardian – Continue Reading)

Don't Expect Yellen To Signal Retreat In London On Fed's Interest-Rate Strategy
Federal Reserve Chairwoman Janet Yellen is unlikely to offer any hint the central bank is wavering on its strategy to raise U.S. interest rates when she makes the rounds in London this week. Yellen and a majority of her colleagues indicated two weeks ago the central bank is still on track to...
Read More

Federal Reserve Chairwoman Janet Yellen is unlikely to offer any hint the central bank is wavering on its strategy to raise U.S. interest rates when she makes the rounds in London this week.

 

Yellen and a majority of her colleagues indicated two weeks ago the central bank is still on track to raise the cost of borrowing once more in 2017. There’s little reason to signal a different coarse and put the central bank’s credibility on the line in an appearance Tuesday at a U.K. forum to evaluate the global economy.

 

“She is unlikely to say anything new on the outlook for monetary policy so soon after the June Federal Open Market Committee meeting,” said economist Andrew Hunter at Capital Economics. (MarketWatch – Continue Reading)

UK Banks Brace For GBP11.4 Bln Capital Demand From BoE
The Bank of England plans to increase capital requirements for U.K. lenders by 11.4 billion pounds ($14.5 billion) to tackle risks posed by consumer credit growth and prepare for the uncertain outcome of Brexit talks. The BoE set the countercyclical capital buffer at 0.5 percent of risk-weighted...
Read More

The Bank of England plans to increase capital requirements for U.K. lenders by 11.4 billion pounds ($14.5 billion) to tackle risks posed by consumer credit growth and prepare for the uncertain outcome of Brexit talks.

 

The BoE set the countercyclical capital buffer at 0.5 percent of risk-weighted assets for U.K. loans effective in June 2018. “Absent a material change in the outlook,” the central bank will increase the level again to 1 percent in November.

 

Each increase of 0.5 percent will swell banks’ cushion of common equity Tier 1, the highest-quality capital, by 5.7 billion pounds, according to the BoE’s Financial Stability Report published on Tuesday. The BoE also proposed boosting the leverage ratio to 3.25 percent of exposures excluding central-bank reserves. (Bloomberg – Continue Reading)

Our audience spans the globe, relying on us to filter out the noise to deliver accurate, reliable and timely news

Our journalists and analysts monitor all major newswires, television channels, news websites, blogs and social media platforms for content with market-moving potential. We only broadcast the most relevant news headlines that you need to know. Our analysis and insights rival any of our competitors

We broadcast 24 hours a day from Europe and Asia, Sunday through Friday (except for selected UK holidays). Commentary covers all the main asset classes, including equities, fixed income, FX and commodities