Edition:
United States

Jemima Kelly

Jan 17 2017

Blockchain could save investment banks up to $12 billion a year: Accenture

NEW YORK/LONDON Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025, according to a report by Accenture.

Jan 17 2017

Sterling on course for best day since at least 1998

LONDON Sterling saw its biggest daily gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.

Jan 17 2017

Sterling on course for best day since 2008 after May speech

LONDON Sterling <GBP=D4> saw its biggest gains since the 2008 financial crisis on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and said it would seek to stay a key European partner.

Jan 17 2017

Sterling on course for best day since 2008 after May speech

LONDON Sterling <GBP=D4> saw its biggest gains since the 2008 financial crisis on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and said it would seek to stay a key European partner.

Jan 16 2017

Sterling skids to three-month low as 'hard Brexit' fears bite

LONDON Sterling skidded to its lowest levels - bar a "flash crash" in October - in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday Britain is set for a "hard" Brexit out of the EU and its single market. | Video

Jan 12 2017

Sterling bounces back vs dollar as 'Trumpflation trade' fades

LONDON Sterling rose on Thursday from its lowest levels for almost 32 years -- excluding a "flash crash" in October -- with the dollar weakened by a lack of detail on President-elect Donald Trump's spending plans in his first news conference since his election.

Jan 11 2017

Brussels and London form 'fintech bridge'

LONDON A delegation from Belgium's financial technology sector came to London with its finance minister this week to set up a "fintech bridge" with the British capital that will enable cooperation on the burgeoning sector.

Jan 11 2017

Bitcoin slides as China's central bank launches checks on exchanges

SHANGHAI/LONDON China's central bank launched spot checks on leading bitcoin exchanges in Beijing and Shanghai, ratcheting up pressure on potential capital outflows and knocking the price of the cryptocurrency down more than 12 percent against the dollar.

Jan 11 2017

British pound hits 11-week low on persistent hard Brexit uncertainty

LONDON Data suggesting the British economy kept its momentum at the end of 2016 was outweighed on Wednesday by uncertainty over whether Britain will undergo a "hard Brexit" from the EU, sending the currency to an 11-week low against the dollar.

Jan 10 2017

Anti-establishment wave to help push blockchain into real world in 2017

LONDON/NEW YORK A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain - the technology that gave birth to the renegade digital currency bitcoin - out of cyberspace and into the real world in 2017.

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