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Reuters/Reuters Photographer Vancouver condos are hella expensive, but are they overvalued? Recently we’ve doing quite a bit of work with a national House Price-To-Rent index, but wondered how that applied on a more local scale. Today we’re going to give you a peak of what that looks like when used to measure Vancouver’s condo market. Turns […]
British Gas price hike will see bills rising by 12.5% from September The announcement was made on the British Gas website yesterday British Gas Chief Executive Mark Hodges spoke on Sky News this morning Other energy companies are only raising prices by 10% Martin Lewis advice on how to lower your energy bills explained in […]
The pound to euro conversion rate is currently at €1.138 following a tumultuous week which saw highs of €1.140 and lows of €1.126. Yesterday, the pound demonstrated signs of recovery standing at €1.136. The exchange rate improvement is believed to be down to comments made on Wednesday by the Bank of England (BoE) Governor. Mark […]
REUTERS/Joshua Roberts The US dollar is falling out of favour with currency traders, even with the US Federal Reserve continuing to lift interest rates. According to data released by the US Commodity Futures Trading Commission on Friday, net long speculative positioning in the greenback fell for a fifth consecutive week in late June, leaving it […]
The Federal Reserve’s latest interest rate increase comes despite evidence that inflation is actually moving further below the central bank’s 2% target rather than toward it. One chart from Morgan Stanley offers some insight into why market participants are attaching such a low a probability of another rate increase in September, and even doubting another move in […]
Lucas Jackson/Reuters The assumption that rate hikes are bad for stocks could be challenged yet again. The Federal Reserve on Wednesday raised interest rates for the fourth time in this cycle. Fed Chair Janet Yellen said the decision reflected the labor market’s improvement and, to a lesser degree, inflation. While higher interest rates indicate the Fed’s […]
Klaus Mangold, chairman of Tui, which owns Thomson, said pressures linked to a weaker pound and rising destination costs meant prices for British customers were likely to go up – though when and by how much remained unclear. Mr Mangold said: “We are trying to avoid this, but sometimes we cannot. Italy, Spain, Greece, are […]
Even if you can’t pronounce it, you’ve probably heard of Eyjafjallajökull — the Icelandic volcano that erupted beneath a glacier in 2010, spitting up a massive ash cloud that grounded millions of air travelers around the world. Nearby sits an even bigger, much more powerful volcano named Katla. I want to get close, though given […]
LOS ANGELES, April 28 (Reuters) – California Governor Jerry Brown signed into law on Friday a bill to raise gasoline taxes and other transportation-related fees for the first time in decades in an ambitious $ 52 billion plan to repair the state’s long-neglected roads and bridges. The measure will increase excise taxes on gasoline by […]
Enlarge / Mylan Inc. CEO Heather Bresch testifies on Capitol Hill in a hearing on “Reviewing the Rising Price of EpiPens.” (credit: Getty | Alex Wong) When Mylan dramatically increased the price of its life-saving EpiPen devices, it drew sharp rebuke all around for what seemed like a purely greedy—and heartless—move. But according to a […]
