Michael c

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Everything you need to know about Britain's Summer Budget

The big takeaways are a new national living wage of £7.20 an hour starting next April; a reduction in corporation tax to 18% by 2020; an overhaul of the non-dom tax status; an increase in the tax free personal allowance; and £12 billion worth of benefit cuts.<p>Here are all the key points from the …

United Kingdom

Bottom of oil market 'may still be ahead', says IEA

Crude oil prices are expected to fall further, as demand would decline in 2016 while supply from the Organization of Petroleum Exporting Countries …

Oil

Disagreements emerge among Greece's European creditors

BRUSSELS (AP) — Greek Prime Minister Alexis Tsipras and skeptical European leaders negotiated past a self-imposed deadline into the early hours of Monday, with talks stuck on how Greece would guarantee austerity measures in exchange for a rescue package to prevent its banks from collapsing.<p>If the …

Stock Markets
Amazon.com Inc
Tom Wolf

New York Fed chief: September rate hike highly likely amid better data

William Dudley, the president of the Reserve Bank of New York, has said the US central bank is highly likely to hike interest rate given the recent …

Economics

UK pension liability hedging strategies total 657 billion pounds in 2014 - report

Investing

Australian shares plunge as $35bn wiped off stock market over Greek crisis

S&P/ASX 200 and All Ordinaries fell 2% in first hour of trading on Monday although gold kept its allure and crept ahead<p>More than $35bn was wiped off the Australian stock market in the first hour of trading on Monday as investors brace for an increasingly likely Greek exit from the euro zone.<p>Both …

Markets prepare for the 'almost certain' Greek default Tuesday

European markets are absolutely cratering on Monday amid Greek Prime Minister Alexis Tsipras' shock referendum announcement and the increasing likelihood that Greece will default.<p>In fact, it has been pretty much accepted now, in most market circles, that Greece will not make its Tuesday debt …

Europe
Oil & Gas Industry

EU Chief Juncker Urges Greeks To Vote 'Yes' In Bailout Referendum

By Alastair Macdonald and Philip Blenkinsop<p>BRUSSELS, June 29 (Reuters) - The EU's Jean-Claude Juncker delivered an emotional condemnation of the Greek government on Monday, accusing it of betraying his efforts to broker a loan deal and urging Greek voters to defy their leaders by voting "Yes" in …

College & University

Desperation and anger prevail as Greek banks close

Greeks struggle to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.

This is when the Greece debt crisis gets really scary

More Greek headlines over the weekend. Sigh. And it’s leading to a repeat of a repeat of a repeat in the financial markets:<p>“U.S. futures down sharply …

China stocks crash into bear territory as margin calls bite

Hope lasted for about eight minutes in China’s stock markets Monday.<p>Hope from tens of millions of small investors that the country’s policy makers …

Pensioners Queue Outside Banks on 1st Day of Capital Controls