Tesco investment huge mistake, says Warren Buffett
Warren Buffet said investing in Tesco Plc was a “huge mistake”, as the world’s second largest retailer struggles with an 11-year-low share price, plummeting...
Bank of England will be able to cap mortgages
The Bank of England will soon have the power to cap mortgages, i.e. to place limits on how much loan applicants can borrow to...
Wonga writing off £220 million of debts for 330,000 customers
High-interest, short-term payday lender Wonga announced on Thursday it is to write off debts for 330,000 customers worth £220 million. Had the affordability checks...
October: Could markets hit bottom?
This October is an eerie month for investors in markets across the world as they embrace increased volatility, uncertainty regarding U.S. monetary policy, and...
Pimco sees $23.5 billion fly away after bond king Gross’ exit
Since Bill Gross, known as the ‘Bond King’, resigned from Pimco, a total of $23.5 billion in funds has left the American global investment...
Fat finger error ordered $600 billion in stocks and then cancelled, Japan
Stock markets in Japan received a jolt when a ‘fat finger error’ sparked over $600 billion worth of orders and then cancelled them. An...
Royal Bank of Canada will not spin off its US proprietary-trading business
The Royal Bank of Canada will not be spinning off its US proprietary-trading business into a hedge fund after American regulators rejected their proposal.
It...
Dollar will continue rising for at least two years
Most analysts in Europe predict that the US dollar will continue rising for at least the next two years. Its relentless increase was evident...
Two men accused of Herbalife stock insider trading
Two men were charged on Tuesday with insider trading on Herbalife shares. The Securities and Exchange Commission (SEC) said in a settled complaint that...
Sainsbury full year forecast cut
Britain’s third largest supermarket chain J Sainsbury plc reduced its full-year sales guidance. The company will also review its dividend policy after posting a...