Market News

Ripple Papers Promise New Start for $40 Billion XRP Cryptocurrency

The startup that oversees development of the world’s third most-valuable cryptocurrency, XRP, is moving to upgrade the underlying technology on which it operates. Announced Wednesday, San Francisco-based startup Ripple is releasing two new white papers for peer review – one describing XRP’s consensus algorithm in a more formal way and the other outlining a way to improve the diversity of connections of each node, the software users run to relay and verify transactions on the network. Taken together, the moves show [...]

Wall Street welcomesTrump’s approach on regulation

Ben McLannahan in New York and Barney Jopson in Washington February 21, 2018 It is just over a year since Donald Trump vowed to “do a big number” on Dodd-Frank, the 2010 law designed to rein in excesses on Wall Street. The new Republican administration would dismantle many of those restrictions, the president said, freeing banks to play their part in boosting growth in the world’s largest economy. So far the shift in tone has not translated into changes to the [...]

Scottish coach tour operator gears up for overseas demand for Skye, Outlander, Loch Lomond and Oban excursions

A SCOTTISH coach tour operator has highlighted the strength of demand from overseas visitors coming through Glasgow and Edinburgh airports, amid sterling’s post-Brexit vote weakness, as it increases its capacity with Investment in new vehicles. Timberbush Tours, which operates out of its home city of Edinburgh and Glasgow, said yesterday it was Investing £1.2 million in new vehicles as it gears up for increased frequency on its Outlander and Skye excursions and launches tours to [...]

Young adults shut out of property market as ownership prospect halves in past two decades

House prices have grown 152% over the last two decades. Mary Turner/Getty Images The chances of young adults on a middle income purchasing a house in Britain have fallen by more than 50% over the last two decades, a new study has found. According to figures released by the Institute for Fiscal Studies (IFS), home ownership for 25- to 34-year-olds earning between £22,200 and £30,600 per year has fallen from 65% two decades ago to 27%. Over the same period of time, [...]

HSBC results miss analysts’ estimates

Don Weinland February 20, 2018 Departing HSBC chief Stuart Gulliver has signed off with mixed results for 2017, hitting several hard-fought targets but also coming in below analysts’ expectations on profits and revenues. Bucking a six-year decline in annual revenues, HSBC said that it brought in $51.5bn in adjusted revenues, a 5 per cent increase on the year before but still below a consensus of projections from analysts. Europe’s largest bank posted $2.3bn in adjusted pre-tax profit for the last three [...]

Works begins on Hendy’s £9m mega showroom in Eastleigh

WORK has started on an expanding Hampshire car sales company’s £9m mega dealership. The project is Eastleigh as part of expansion plans for automotive group Hendy. The site in Leigh Road will have showrooms for Kia, Mazda and Honda. When complete the premises will have 27 new cars on show, space for a further 120 used cars and a 20-bay workshop. “We are delighted to put our Hampshire expansion plans into action [...]

Litecoin cash price live: Litecoin fork value SURGES after split | City & Business | Finance

Litecoin Cash is the “hard fork” of the fifth largest cryptocurrency on the Market. The token split from Litecoin on Sunday just days after the crypto saw prices rise by 30 percent last week. What is the price of Litceoin Cash? How much is Litceoin Cash worth? As of 9.20am, Litecoin Cash fork is worth $2.75. This is a rise of some 111 percent on its opening value of around $1.40 according to Coin Codex. The new cryptocurrency token has seen highs [...]

Think tank calls for UK universal basic income fund

The proposal would give everyone under 55 £10,000 from a British sovereign wealth fund iStock A new report calls on the government to give £10,000 to everyone under 55 years of age as part of a move towards a national universal basic income (UBI). The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said the £10,000 “Universal Basic Opportunity Fund” would “address an increasingly concerning reality of people cycling in and out of poverty, being subject to [...]

Noble Group warns of looming $5bn loss

Emma Dunkley and Hudson Lockett in Hong Kong February 19, 2018 Noble Group has warned it was on track to post a net loss of up to $5bn for 2017, as the embattled commodities trader boosted its hopes for survival by lining up $700m of financing. The group said in a Singapore Exchange filing on Monday that it expected to report a net loss of as much as $1.9bn in the fourth quarter due to “challenging” operating conditions. The Singapore-listed company, which [...]

These Firms Are Milking the Cryptocurrency Markets for Astronomical Profits — And You’ve Probably Never Heard of Them

Get Trading Recommendations and Read Analysis on for just $39 per month. What US cryptocurrency-related company makes the highest amount of legal revenue per employee? No, it’s not Coinbase, and — unless you’re particularly tuned into the financial Markets — you’ve probably never heard of it. That’s according to Tim Swanson, founder of tech advisory firm Post Oak Labs. Writing on Twitter, the former R3 executive related a recent exchange in which he was asked this same question. “I know [...]