Euro nears 2-year low after European summitThe Euro is stepping closer its lowest level since July 2010, after Wednesday’s European summit where policy makers were informally warned to prepare plans for the event that Greece is forced to leave the Euro-zone. The Euro is now trading at $1.25640, maintaining a drop versus the Yen and the US Dollar which both […]

Drawdown income falls 55% for pensionersPensioners who receive unsecured pension incomes, known as Capped Drawdown, are facing a 55% drop in their income as gilt yields fall to historic lows and the Bank of England plans more quantitative easing. MGM Advantage has revealed that pensioners who are approaching 5-year reviews of their drawdown income will see t […]

UK consumption falls to 2-year low on bad weatherUK households spent the least in more than two years in retail sales in April, as bad weather reduced demand for clothing and fuel. The Office for National Statistics in London said today that retail sales volumes fell by 2.3% in April, largely because of a record 13% drop in fuel sales, whilst over-all retail […]

World Bank releases growth report on China The World Bank has on Wednesday released its semi annual report on developments in East Asia, suggesting that China should adopt more simulative policies to support the global economy. The international financial institution that supports emerging economies predicts that China will register 8.2% GDP growth this year […]

There are 5 million UK expats around the world – NatWest According to an annual quality of life research from NatWest International, there are currently almost five million British expatriates living and working around the world.The report also revealed that one fifth of UK expats are based in Australia with a 1.4 million population of Brits, whilst Spain […]

What would happen if the Euro breaks up? As European leaders have recently started to publically contemplate the notion of Greece leaving the Euro-zone, some economists are now asking whether it would be better for the whole thing to break up?Markets have been told that a break-up would be catastrophic, however some analysts believe that in the coming months […]

Facebook shares fall 20% from IPO debutShares in Facebook, the social networking giant that debuted its stock last Friday, fell on its second day of trading, closing down at $34.03.Facebook’s new investors were disappointed after the stock opened at $42.05 on Friday, but quickly fell to its issue price of $38, and then closed below the price at which it fl […]

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