Energy firm Igloo, along with two others, have confirmed they are ceasing to trade as the record surge in wholesale energy costs continue to take their toll on small suppliers. Industry regulator Ofgem said the customers of Igloo, Symbio Energy and ENSTROGA would be sheltered through the appointment of a new supplier in due course. […]
LONDON (Reuters) -The dollar was flying high on Wednesday and hit a 2021 peak against rival currencies even though arguing in Washington over the U.S. debt ceiling threatened to plunge the government into a shutdown.FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture […]
LONDON (Reuters) – The dollar was flying high on Wednesday and hit a 2021 peak against rival currencies even though arguing in Washington over the U.S. debt ceiling threatened to plunge the government into a shutdown.FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this […]
(Reuters) – Nasdaq futures jumped 1% on Wednesday as technology stocks led a rebound after concerns about inflation and rising Treasury yields drove one of Wall Street’s worst selloff of this year.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo AllegriShares of heavyweights […]
Landlords are not as keen to expand their housing portfolios, are keener sell and tax isn’t a big influence, according to a new survey of 592 investors out today. Just as the Government moves to axe landlord mortgage interest deductibility from Friday, the Crockers/Tony Alexander Investor Insight report for September surveyed landlord sentiment. Finance Minister […]
A multi-million dollar class action lawsuit has been launched against the ANZ and ASB banks over claims they failed to fully refund around 150,000 customers for fees and interest earned on loans in which there were disclosure breaches. The case is being taken by former Commerce Commission lawyer Scott Russell and barristers Davey Salmon, QC, […]
(Reuters) -U.S. Federal Reserve Chair Jerome Powell faced an uncharacteristically hostile congressional hearing on Tuesday in which lawmakers demanded more action in response to perceived lapses over everything from ethics and diversity to inflation and financial regulation, and a prominent Democrat said she would not back him for another term.Federal Reserve Chairman Jerome Powell testifies […]
Fuel prices have reached their highest level for eight years, amid a growing supply crisis. Ian King discusses the ongoing situation with Tevin Tobun, CEO of GV Group, which makes 21 million food deliveries a year. Meanwhile, the global price of oil is also surging. Analyst Amrita Sen explains why the commodity has soared to […]
New plans are being drawn up to make it easier for broadband customers to switch suppliers. Ofcom has said that households are being put off switching services, especially when changing from those operating on the Openreach network to other providers that use their own cables, including Virgin Media or CityFibre. Around four in 10 households […]
(Fixes day in first paragraph)FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleLONDON (Reuters) – Global shares fell for a third successive day on Tuesday, while bond yields and measures of inflation expectations on both sides of the Atlantic soared on anxiety over […]