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Monday, October 16, 2017
Under Russia's new legislation, Visa and MasterCard will have to pay $3 billion in ‘security fees’ to continue operating in Russia, more than five times higher than the companies combined revenues, a new Morgan Stanley report says. Under the new...
The Russian Finance Ministry believes moving away from international ratings agencies is just a question of time. Russia is eager to break the world monopoly of rating systems and create its own rating giants. “At Finance Ministry level we are...
Gazprombank transferred client funds from Belgium and Luxembourg back to home turf, to protect against any future sanctions. The securities were moved from Euroclear Bank (Brussels) and Clearstream Banking (Luxembourg) to the Russian Central Depository at the end of April. The...
(London) The Bank of England delivers its latest forecasts for the UK economy today, with any marked improvement likely to be seen as a signal that interest rates may increase earlier than expected. Experts have pencilled in a hike in...
Labour will challenge the Government to back a ban on expensive letting agent fees by forcing a vote on its plans in the Commons today. The Opposition has tabled an amendment to the Consumer Rights Bill aimed at tackling the...
(London) Business leaders have delivered a warning about overheating in the housing market, saying interest rates will need to rise early next year. In its regular assessment of UK plc's prospects, the Confederation of British Industry (CBI) raised its growth...
(London) The number of billionaires living in Britain has risen to more than 100 for the first time, a study has found. Some 104 billionaires are now based in the UK - more than triple the number from a decade...
(London) Savers are losing an estimated £4.3 billion a year in total from having money languishing in poor-paying accounts, research from Which? has found. The consumer group has launched a new campaign pressing banks and building societies to "scrap the...
(London) The recession that has gripped the UK for six years is on the verge of being over after a leading economic body said the economy is almost back to its pre-financial crisis peak. Growth will exceed its 2008 high...
Switzerland and Singapore have both agreed to share data and tax information under a groundbreaking new treaty signed by some 47 nations worldwide. “It's clearly the end of bank secrecy abused for tax purposes,” OECD tax director Pascal Saint-Amans told reporters...

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