Economy

UPDATE 4-China clamps down on online micro lending; U.S.-listed shares plunge

UPDATE 4-China clamps down on online micro lending; U.S.-listed shares plunge

China took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the governments latest crackdown on internet finance, sending shares of U.S.-listed Chinese financial firms into a tailspin.

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UPDATE 1-UK s Euromoney sells Dealogic stake; reports small rise in annual profit

UPDATE 1-UK s Euromoney sells Dealogic stake; reports small rise in annual profit

Euromoney Institutional Investor,publisher of the Euromoney magazine, said on Wednesday it wouldsell its stake in Dealogic, a provider of financial content andanalytics, to Ion Investment Group for about $135 million.

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Hong Kong s Hang Seng closes above 30,000 points, hitting decade-high

Hong Kong s Hang Seng closes above 30,000 points, hitting decade-high

Hong Kongs main Hang Seng indexended above 30,000 points for the first time in 10 years, amidsigns Chinese investors are stepping up buying of Hong Kongstocks.

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UPDATE 5-U.S. sanctions 13 Chinese and N.Korean organizations

UPDATE 5-U.S. sanctions 13 Chinese and N.Korean organizations

The United States on Tuesday imposed sanctions on 13 Chinese and North Korean organizations Washington accused of helping evade nuclear restrictions against Pyongyang and supporting the country through trade of commodities like coal.

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What’s less eco-friendly – mining coal or mining bitcoins?

What’s less eco-friendly – mining coal or mining bitcoins?

Say what you like about bitcoin it is rarely dull.

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Boxed in by slow growth, Hammond readies budget

Boxed in by slow growth, Hammond readies budget

Chancellor Philip Hammond will announce on Wednesday how much he can afford to help unhappy voters as he faces a potentially sharp deterioration in the economys growth prospects.

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UPDATE 1-British developer Countryside flags strong trading in property sector

UPDATE 1-British developer Countryside flags strong trading in property sector

Countryside Properties saidtrading in Britains housing market was robust, with strongcustomer demand, favourable mortgage lending conditions and"good political support".

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Concept designs for new £1 coin revealed for first time

Concept designs for new £1 coin revealed for first time

We very nearly kept the round pound rather than the 12-sided design

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UK government must offer clarity and certainty

UK government must offer clarity and certainty

George Osbornes former chief of staff says the government must salve concerns about the UK economy.

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Budget 2017: Borrowing down, time to spend?

Budget 2017: Borrowing down, time to spend?

Higher tax receipts and lower public spending may give Philip Hammond some wriggle room.

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