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News and comment

Welcome to your on-line financial newsletter. This service is regularly updated to bring you news of important developments in financial matters.

The news stories on this page have been written and produced by a third party and neither nor its representatives can be held responsible for the accuracy of the content/information contained within these stories.

Citywire Investment News

• Investment Line: Has the recession permanently damaged UK GDP?
  Fri, 03 Sep 2010 14:00:34 +0100
  Measuring whether the UK's ouput gap is closing or lost forever after the downturn is playing a key role in determining monetary policy.
  

• Global markets soar as US jobs data brings more cheer
  Fri, 03 Sep 2010 13:58:10 +0100
  Today's US jobs data came in much better than expected dampening fears the world's largest economy is heading back towards recession.
  

• Wealth managers recover second quarter losses
  Fri, 03 Sep 2010 13:20:46 +0100
  Research from Asset Risk Consultants (Arc) shows wealth managers managed to recover some of the losses from dreadful in May and June.
  

• The financial crisis isn?t the problem ? it's expensive old people
  Fri, 03 Sep 2010 12:18:23 +0100
  We risk ignoring 'the fiscal challenge of the 21st century'.
  

Citywire Money, Tax and Property

• The end of the 'cheap mortgage'
  Sun, 05 Sep 2010 00:01:00 +0100
  Linton Chiswick questions whether the regulator is about to call time on the last remaining ?cheap mortgage?.
  

• Mortgages: cut out the middle man for the best rates
  Sat, 04 Sep 2010 00:01:00 +0100
  Increasingly, high street banks are not only by-passing brokers ? the only place a potential homebuyer can get truly impartial advice on a home loan ? but they are restricting their best offers to existing customers.
  

• FSA fines and censures mortgage brokers over fraud
  Tue, 31 Aug 2010 13:37:07 +0100
  The Financial Services Authority has banned one mortgage broker and fined another for failing to prevent false mortgage applications being made to lenders.
  

• Morning Line: Why should first time buyers suffer?
  Tue, 31 Aug 2010 11:20:38 +0100
  If the Bank of England is serious about capping mortgage loan-to-value ratios as a means of preventing another credit crisis then it risks excluding more young people from home ownership. Is this what the coalition really wants?
  

BBC Business News

• Security stepped up at Kabul Bank
  Sun, 05 Sep 2010 11:14:41 GMT
  Armed police are posted outside the main branch of Kabul Bank as customers continue to withdraw money amid fears it may collapse.
  

• Rovers takeover man left UK debts
  Sun, 05 Sep 2010 05:02:53 GMT
  The Indian businessman hoping to buy Blackburn Rovers, Ahsan Ali Syed, left a trail of debt from his time in the UK, 5 live Investigates reveals.
  

• BP well 'poses no further risk'
  Sun, 05 Sep 2010 02:27:10 GMT
  The official in charge of cleaning up the Gulf of Mexico oil spill says the well which caused the damage is no longer a risk to the environment.
  

• Tourism near the Gaza border
  Sat, 04 Sep 2010 22:43:21 GMT
  At the Zikim Kibbutz, near Ashkelon in southern Israel, tourists come in to see what life is like living just a short distance from the Gaza border.
  

BBC News

• Spain's Eta 'declares ceasefire'
  Sun, 05 Sep 2010 13:59:04 GMT
  Armed Basque separatist group Eta says it has decided not to carry out "armed actions" in its campaign for independence, the BBC learns.
  

• Heavy rains devastate Guatemala
  Sun, 05 Sep 2010 13:47:22 GMT
  A state of emergency is declared in Guatemala where heavy rain has caused widespread flooding and landslides, killing at least 20 people.
  

• Moto2's Tomizawa dies after crash
  Sun, 05 Sep 2010 13:43:54 GMT
  Moto2 rider Shoya Tomizawa dies after a crash at the San Marino Grand Prix.
  

• Danish rocket enthusiasts to launch dummy into sky
  Sun, 05 Sep 2010 13:43:48 GMT
  A group of Danish rocket enthusiasts trying to launch a dummy 30km into the sky abort the mission when a valve on their rocket freezes up.