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News

Independent Scotland or a Formal Monetary Union-The Debate is On…
 

Independent Scotland or a Formal Monetary Union-The Debate is On…

While George Soros, the billionaire financier is of the opinion that an independent Scotland may not be such a good idea as it could be potentially dangerous, the Adam Smith professor of political economy at the Glasgow University, Ronald [...]
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Is Bitcoin a Currency…What Goldman Sachs Feels?
 

Is Bitcoin a Currency…What Goldman Sachs Feels?

Founded in January 2009, Bitcoin is a digital currency. It’s basically a protocol and an open-source software that allows immediate peer to peer transactions across the globe. The best part is that there are no processing fees, and if at all [...]
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Mark Carney at the Centre of Currency Scandal
 

Mark Carney at the Centre of Currency Scandal

Mark Carney, the Governor of Bank of England will be facing a gruelling public testimony. This will be something that he hasn’t faced before as he readies himself to defend the morality of an institution that has become involved in the [...]
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Banking sectors in US and UK sending mixed messages at end of quarter
 

Banking sectors in US and UK sending mixed messages at end of quarter

Ever since the recent downturn began in 2007, the banking sector, one of those worst affected, has struggled to see its fortunes return to normal following a collapse in profit levels. Anxiety still pervades despite the downturn officially [...]
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Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’
 

Chris Sutton Caught Out Losing £50000 In Forex Currency ‘Scam’

Former Premier League footballer Chris Sutton, who was famously part of the Blackburn Rovers team that won the league in 1994, invested £50,000 into a spread betting foreign currency scheme which prosecutors have branded a ‘scam’. The news that [...]
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Retail Sales Higher Than Expected
 

Retail Sales Higher Than Expected

After avoiding recession for the third time in only five years, the UK economy is finally expected to begin a more consistent recovery. A rebound will be dependent on the retail sector’s performance; the retail sector has long been an indicator [...]
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US dollar falls on home sales but remains up for the week
 

US dollar falls on home sales but remains up for the week

The dollar fell today against the euro and most other major currencies as an underlying weakness in the US economy was exposed. The final session of the week saw the release of the new home sales for the month of July, which had fallen by the [...]
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