BRITAIN: Friday’s Telegraph Business: “Rate cut ‘on the cards’ to aid economy” #tomorrowspaperstoday – @AceFinanceNews

#AceFinanceNews – June.30: Friday’s Telegraph Business: “Rate cut ‘on the cards’ to aid economy” #tomorrowspaperstoday pic.twitter.com/JrSBXQPQ4i (via @hendopolis)

D7KgM7an_normal.jpeg BBC News (UK) (@BBCNews)
30/06/2016, 22:09
Friday’s Telegraph Business: “Rate cut ‘on the cards’ to aid economy” #tomorrowspaperstoday pic.twitter.com/JrSBXQPQ4i (via @hendopolis)

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BRUSSELS: European Commission approves 150 billion euros ($167 billion) for Italy to give its banks in government liquidity guarantees – Bloomberg – @AceFinanceNews

#AceFinanceNews – June.30: European Commission approves 150 billion euros ($167 billion) for Italy to give its banks in government liquidity guarantees – Bloomberg

http://bloom.bg/29cEwhd

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MARKETS: Pound plunges versus US dollar after Bank of England governor’s comments that some easing of monetary policy needed after Brexit – CNBC – @AceFinanceNews

#AceFinanceNews – June.30: Pound plunges versus US dollar after Bank of England governor’s comments that some easing of monetary policy needed after #Brexit

NiO-i0bJ_normal.png CNBC Now (@CNBCnow)
30/06/2016, 16:03
Pound plunges vs. Dollar after BOE’s Carney says some easing of monetary policy needed after Brexit pic.twitter.com/e7HSsXsePq

http://bit.ly/29cwRQf

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BUSINESS: Dick’s Sporting Goods wins auction for rival Sports Authority’s brand name and other intellectual property for $15 million – Wall Street Journal – @AceFinanceNews

#AceFinanceNews – June.30: Dick’s Sporting Goods wins auction for rival Sports Authority’s brand name and other intellectual property for $15 million – Wall Street Journal

http://on.wsj.com/2950o9k

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BUSINESS: Google buys entire 12-year power production from wind farm in Norway, expected to be operational in 2017 – Reuters – @AceFinanceNews

#AceFinanceNews – June.30: Google buys entire 12-year power production from wind farm in Norway, expected to be operational in 2017 – Reuters

http://reut.rs/294QXH3

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ECONOMY: US: Bloomberg Consumer Comfort Index says its measure dropped slightly in last week, but sentiment on economy at highest level since early April – Bloomberg – @AceFinanceNews

#AceFinanceNews – June.30: Bloomberg Consumer Comfort Index says its measure dropped slightly in last week, but sentiment on economy at highest level since early April – Bloomberg

http://bloom.bg/294NJTQ

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MARKETS: US #oil falls 3.3 pct, to $48.25, on fading supply disruptions and profit taking – CNBC – @AceFinanceNews

#AceFinanceNews – June.30: US #oil falls 3.3 pct, to $48.25, on fading supply disruptions and profit taking.

#Oil fell about 2 percent on Thursday, pressured by returning Nigerian and Canadian output and as traders looked to book profits.

http://www.cnbc.com/id/103755627

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BRITAIN: This is the time to hold your nerve and let the economy rebalance itself and just adding more debt to the economy is not the way forward – @AceFinanceNews

#AceFinanceNews – June.30: UK may need more stimulus by summer, says Bank of England

Bank of England governor Mark Carney forecast a “material slowing” in economic growth as a result of last week’s shock referendum result …

http://bit.ly/294YWDP

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NEW YORK: Money talks as court tosses out $7.25 billion antitrust settlement between Visa, Mastercard and millions of retailers over fee fixing allegations – Reuters – @AceFinanceNews

#AceFinanceNews – June.30: Court tosses out $7.25 billion antitrust settlement between Visa, Mastercard and millions of retailers over fee fixing allegations – Reuters

http://reut.rs/294Rys7

Visa, MasterCard, banks in $7.25 billion retail settlement | Reuters

http://www.reuters.com/article/us-creditcards-settlement-interchange-idUSBRE86C16H20120714

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George Soros, the billionaire who ‘broke’ the Bank of England, wins big from #Brexit : The Independent – @AceFinanceNews

#AceFinanceNews – June.30: George Soros, the billionaire who ‘broke’ the Bank of England, wins big from Brexit : The Independent.

The billionaire who predicted Brexit would bring about “Black Friday” and a crisis for the finances of ordinary people appears to have profited hugely from the UK’s surprise exit from the EU.

George Soros is widely known as the man who “broke” the Bank of England in 1992, when he bet against the pound and made a reported £1.5bn.

Although the exact amount Mr Soros has gained after Brexit is not known, public filings show he doubled his bets earlier this year that stocks would fall.

Since the referendum, the value of shares, stocks and sterling have all been badly hit.

Mr Soros had also invested heavily in gold, which has soared in value following the Brexit vote to its highest level since March 2014, as investors sought safe assets.

Prior to the vote, the 85 year-old purchased $264m (£193m) of the world’s largest gold miner, Barrick Gold, and acqured options to buy the GLD exchange-traded fund, which tracks how much gold is worth.

Four days before the result of the referendum, Mr Soros wrote in The Guardian: “A vote for Brexit would make some people very rich – but most voters considerably poorer.

“I want people to know what the consequences of leaving the EU would be before they cast their votes, rather than after. A vote to leave could see the week end with a Black Friday, and serious consequences for ordinary people.”

In 1992, Mr Soros’ historic bet against the pound helped force the currency from the European Exchange Rate Mechanism as the pound lost 15 per cent of its value.

The business magnate, who was already worth about £18bn before the vote, is not the only investor who seems to have won big from the UK’s shock decision to leave the EU.

Crispin Odey, boss of Odey Asset management, gave financial backing to the Leave campaign and bet about £7.5bn of his firm’s assets on Brexit happening. He has reportedly made more than £220m personally as a result of the vote to leave.

Mr Odey, one of the richest men in the UK, told Reuters: “I think I may be the winner. I’ve had a pretty tough year.”

He is one of the richest men in the UK, with a personal fortune of £900m. In 2014 it was reported Mr Odey built a Romanesque stone temple to house his chickens.

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