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MINING STOCKS FALL AS CHINA RESTRAINS METAL PRICES
On Wednesday, mining stocks dropped after China announced it would release metal reserves to restrain commodity prices. China is the world’s largest consumer of raw materials. It fears that an increase in metal prices, and with it the extra costs that would be passed onto its consumers, could pose a serious threat to its economic recovery post-pandemic. Following the announcement, major mining stocks weighed heavily on the FTSE 100. Anglo American dropped 2%, Rio Tinto 0.9%, Antofagasta 1.5%, and Glencore 2.8%.
BRITAIN URGES EU TO SPEED UP FINANCIAL SERVICES TALKS
Both Great Britain and the EU have agreed to begin discussions via an informal forum on financial services, but the talks are yet to begin. This had led to Britain’s finance ministry calling for the EU to expedite financial services talks, after the London Stock Exchange urged the bloc to avoid protectionism.
RENTING IS NOW CHEAPER THAN BUYING A HOME IN MOST OF THE UK
According to research by Hamptons, for the first time in over six year, it is now cheaper to rent a property in the UK than it is to buy a property. The estate agency has revealed that pre-pandemic, buyers with a 10% deposit would have been better off than renters by £102 each month. However, this trend was reversed by the pandemic.
7 POST-PANDEMIC PREDICTIONS FOR THE PROPERTY MARKET
If you are considering moving post-lockdown, you may be wondering what the property market is going to look like over the coming months – and you’re not alone.
INDEX ANNUITY TYPES: KNOW THE WAYS TO SAVE YOUR HARD-EARNED MONEY
Index annuities are sometimes called hybrid annuities. They combine the potentially greater returns of variable annuities but don’t come with the same risk of losses, even if it means you get nothing that year because the stock market is down. However, there are several index annuity types. Know the ways to save your hard-earned money and balance risk with higher returns.
G7 CORPORATION TAX DEAL “LOOPHOLE” COULD SEE AMAZON LET OFF THE HOOK
Long criticised for the small percentages they pay in tax, big companies such as Google, Microsoft, and Apple will be pushed to pay more following a historic move by the G7 group of wealthy nations. The deal states that large multinational enterprises would pay a global minimum corporation tax of 15%. For the largest global companies, such as Amazon, 20% of profits would be reallocated to the countries where the sales originated from.
TOP 5 BIGGEST REASONS TO APPLY FOR A PAYDAY LOAN
You may have a situation where all you need is a small amount of money for a short period and you don’t want the hassle of too much paperwork, credit checks and having to provide collateral.
In some situations, this simply isn’t practical, such as when you need to unexpectedly make car repairs or have some emergency dental work. In circumstances like this, applying for a payday loan may be your best option. Here are five good reasons to apply for a payday loan.
THE RISE OF TRANSACTIONAL INSURANCE IN M&A DEALS EXPLAINED
The market for transactional risk insurance (Warranty and Indemnity or W&I)) has been steadily growing over the last 20 years. What had always been seen as a slightly ‘luxury’ product has now become mainstream. The growth of the marketplace came when risk appetite waned and deal teams and their lenders looked for a more ‘belts and braces’ approach to M&A transactions, without diminishing the quality of their bids to sellers. Equally, turning down the peace of mind of an insurance solution was not a risk many wanted to take, as it could prove a costly mistake if a claim did arise.