Business


GBP: Scenarios For UK Election & Targets For GBP/USD - SEB

The currency has traded choppily in recent weeks as polls indicate a significant narrowing in the race for Downing Street. But recent polls predicting outcomes ranging from a majority for the Conservatives to a "hung" parliament have seen sterling slip from the $1.30 mark it hit last month.



UK police arrest two more men over Manchester attack

Phil Andrews tweeted: @ArianaGrande please release somewhere over the rainbow as a charity single for Manchester so so fitting #OneLoveManchester'. " Somewhere Over the Rainbow ". Grande carried on with Sunday's show despite the attack in London the night before in which seven people were killed. Oasis was one of Manchester's most famous musical exports.



US Crude Exports Hit New High As OPEC Cuts Back

Bank Wealth Management. USA crude futures fell 4.6 percent, or $2.23 a barrel, to $45.96 a barrel, as of 11:18 a.m. EDT (1518 GMT). August Brent crude also fell down 1% or 48 cents closing in at $49.47 per barrel which was the benchmark's lowest settlement in the past month.


Spain's Banco Santander acquires failing Banco Popular

Spain's Banco Santander acquires failing Banco Popular

The ECB had blamed what it called a "significant deterioration of the liquidity situation of the bank in recent days" in concluding that it "would have, in the near future, been unable to pay its debts or other liabilities". The Spanish lender thus became the lowest-value entity on the Madrid stock exchange's main Ibex 35 index, at around 1.4 billion euros in market capitalization.


Verizon plans to cut about 2000 jobs at Yahoo, AOL

Verizon plans to cut about 2000 jobs at Yahoo, AOL

Verizon is reportedly planning to cut up to 2,100 jobs as it combines AOL and Yahoo. Verizon's internet division AOL and Yahoo will be combined into a unit called Oath . The closing of the deal, announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed previous year.