Saturday, 21 Sep 2019

Martin Lewis explains what Thomas Cook’s trouble means for your holiday

Holidaymakers are worried about the future of Thomas Cook – and they have reason. As things stand, the travel agent is in the middle of a last-ditch attempt to secure funding – which, if successful, will see it keep trading. But if it fails, the firm could collapse. For the millions of people with holidays […]

Reuters poll: Trump tweetstorm hasn't slanted view of Fed

WASHINGTON (Reuters) – President Donald Trump’s barrage of tweets blasting the U.S. Federal Reserve appears to have been ignored by both Republicans and Democrats who largely see the central bank as neutral in its decision making, according to results of a new Reuters Ipsos poll. In more than a year of tweets to his nearly […]

Britain's Thomas Cook scrambles for $250 million to avert collapse

LONDON (Reuters) – Britain’s Thomas Cook (TCG.L) needs to find an extra 200 million pounds ($251 million) to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. Demand for an extra funding facility puts that deal at risk, as well as the jobs of […]

Economic stimulus lifts shares, oil edges up on Mideast tensions

TOKYO (Reuters) – Asian share prices rose on Friday as economic stimulus around the world helped eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend’s attacks on Saudi Arabia’s oil facilities still pose supply risks. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, though it was on […]

Blarney Castle owner opposes nursing home and houses plan

The owner of one of Ireland’s most visited tourist attractions, Blarney Castle in Co Cork, has stalled plans for a 120-bed nursing home and 29 detached houses. Last month, Cork County Council gave the go-ahead to Hydro Estates for the nursing home and 25 of the houses at St Ann’s Hill, Kilnamucky, Tower, Blarney. Please […]

Hard Times in Silicon Valley? Not for the Payments Start-Up Stripe

SAN FRANCISCO — Even though high-flying start-ups have met a cool reception on Wall Street in recent months, the willingness of investors to make big bets has not exactly slackened. Stripe, a start-up that helps businesses do the wonky work of taking payments, announced on Thursday that it had pulled in new investments that gave […]

Shares rise after Fed rate cut, oil prices gain

NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a day after the Federal Reserve cut interest rates, but crude oil prices climbed higher on concerns last weekend’s attacks on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being […]

Microsoft drives S&P 500 near record high

(Reuters) – Gains in Microsoft shares pushed the benchmark S&P 500 within striking distance of its record high, a day after the Federal Reserve cut interest rates as expected but played down hopes of further monetary easing. The software giant’s plans to buy back $40 billion in shares also boosted the Dow and the Nasdaq, […]

Banker tells German fraud trial he made millions from 'astronomical' trades

BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that prosecutors say were a means to make bogus tax reclaims. Martin Shields, a former investment banker, said the trading, known as cum ex, thrived between […]

NTMA auctions €500m in treasury bills offering record-low negative payout

The State has auctioned €500m in 12-month treasury bills at a record-low rate, offering investors an effective loss on their money of 0.55pc. Today’s auction by the National Treasury Management Agency attracted four times the required bids from institutional investors, reflecting strong demand for “safe haven” debt securities despite the punitive payouts on offer. The […]