| September 13, 2017 | "Irreverent, but never irrelevant" | | | | John Lothian
Publisher
John Lothian News | |
|
| | | | First Read | | |
| | 2017 Newsletter Subscriptions: | |
Hits & Takes
By JLN Staff
To assist the Tampa community during this time of need, DTCC is donating $5,000 to the Community Foundation of Tampa Bay, which has established The Tampa Bay Disaster Relief and Recovery Fund in partnership with several local organizations, and an additional $5,000 to the American Red Cross. They also continue to raise money for the victims of Hurricane Harvey, which now stands at nearly $40,000 thanks to the generosity of their employees, DTCC's corporate donation of $5,000 and their company match scheme. ~JJL
If any NFA Members located in Houston, Florida or the surrounding areas are having issues regarding filing or operations due to Hurricanes Harvey or Irma, please contact the NFA's Information Center by calling 312-781-1410 or email to information@nfa.futures.org. ~JJL
Hanweck has become a MarketsWiki Friend level sponsor of MarketsWiki. Thank you to the Hanweck team for your support of our global knowledge base about the markets.~JJL
Our friends at WILD would like to invite men and women to attend a September 19 event at Trading Technologies offices about "Managing the next phase of your career." The panel discussion includes leading recruiters in a discussion of trends in today's job market as well as the best practices to manage the next phase of your career. You can RSVP HERE.~JJL
++++
Chairman J. Christopher Giancarlo Remarks at the Global Forum for Derivatives Markets 38th Annual Bürgenstock Conference
CFTC
/goo.gl/rAojSU
++++
Torstone Technology expands leadership team
Institutional Asset Manager
Torstone Technology, a provider of post-trade securities and derivatives processing, has appointed Mack Gill as Chief Operating Officer (COO) and member of the Board of Directors, based at the firm's London headquarters.
jlne.ws/2h3ohr7
**Gill previously served as CEO of MilleniumIT, the London Stock Exchange Group subsidiary.~JK
++++
Tributes paid to man who fell to his death at London Stock Exchange
Kevin Rawlinson - The Guardian
Tributes have been paid to a man who died in a fall from an upper floor at the London Stock Exchange last month, whom police have named as Christopher Woolnough.
The 56-year-old led the service desk team, helping customers who had problems with the stock exchange's service. Woolnough had worked at the stock exchange for more than three decades and his family described him on Tuesday as a "kind and caring family man".
jlne.ws/2xkSUhZ
++++
MarketsWiki Page of the Day: Bruce Wolf
MarketsWiki
Bruce Wolf, a long time sales and business development executive, has joined FlexTrade as head of FX business development. He was previously head of sales, Americas, for EBS BrokerTec.
/goo.gl/Gf7HaN
++++
Tuesday's Top Three
Our top story yesterday was from JLN's Spencer Doar, who wrote the piece on the rise in interest rate volume records at CME Group, in Interest (in) rates: CME's suite soars. Second went to Bloomberg's Voice Brokers Beware: New MiFID Rules May Cost You Your Job. Third was yesterday's top viewed person, Rumi Morales, or you can see her page on Marketswiki
++++
MarketsWiki Stats
107,513,856 pages viewed; 22,774 pages; 209,158 edits
MarketsWiki Statistics
++++
|
| | | | |
| Lead Stories | Jamie Dimon Slams Bitcoin as a 'Fraud'
By Hugh Son , Hannah Levitt , and Brian Louis - Bloomberg
Dimon compares bitcoin to tulip mania, predicting a collapse; Still, he says, it's a good option for murderers, drug dealers
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would fire any employee trading bitcoin for being "stupid."
/goo.gl/wRQUgA
Barchart Launches High-Performance Cryptocurrency Data Feed
Barchart
Today, Barchart, a leading provider of financial market data and technology, announces the launch of a comprehensive real-time and historical cryptocurrency market data feed. Delivered through either Barchart's high-performance Data Services, or as a responsive Digital Solution - Barchart's new service makes getting high-quality crypto data into your application, website, or workflow easy and affordable.
jlne.ws/2h130OP
CME chief, eyeing Europe, says Dodd-Frank was best thing for markets
John McCrank - Reuters
U.S. regulations enacted after the financial crisis will likely be revisited and watered down but not eliminated in their entirety, in part because they give much-needed clarity to market participants, the head of CME Group (CME.O) said on Tuesday.
/goo.gl/m6d7r6
Pandit Says 30% of Bank Jobs May Disappear in Next Five Years
By Chanyaporn Chanjaroen - Bloomberg
Vikram Pandit says AI, robotics reduced need for some staff; Pandit now CEO of New York-based investment firm Orogen Group
Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years.
/goo.gl/cQnhUc
Fixing the Stock Market's 'Clogged Toilet' Starts in Delaware
By Matthew Leising , Annie Massa , and Jef Feeley - Bloomberg
Blockchain pitched as solution to antiquated recordkeeping; Firms incorporated in Delaware can now issue digital shares
Patrick Byrne may finally get his vindication.The chief executive officer of Overstock.com Inc. has fought for a dozen years against a market abuse called naked short selling, where investors bet a stock will drop without first taking the required step of borrowing shares. He says it was used back in 2005 to drive down his company's stock, an episode that spurred a Securities and Exchange Commission probe and set Byrne on a crusade to improve accountability in the system that underlies U.S. stock ownership.
/goo.gl/L55Rr6
JPMorgan's Jamie Dimon calls bitcoin 'a fraud', 'worse than tulip bulbs'
Laura Noonan - FT
JPMorgan chief executive Jamie Dimon issued a sharp condemnation of cyrpto-currency bitcoin, declaring that it was a "fraud" that should only be invested in by murderers, drug dealers and people living in North Korea, Ecuador and Venezuela.
/goo.gl/QVHjNH
US derivatives regulator warns EU over clearing plans
Philip Stafford - FT
The top US derivatives regulator has issued a stark warning to the European Union against changes to the way it oversees foreign clearing houses, warning that a unilateral move by the bloc would be "a violation of trust and co-operation."
/goo.gl/4kZZUz
US derivatives watchdog eyes swaps trading reform; Finalising budget and completing team also on the slate for CFTC chairman Chris Giancarlo
Gregory Meyer in New York and Philip Stafford in London - FT
After months operating short-handed, the US government watchdog for the derivatives market is getting close to full strength.
/goo.gl/EXZUQF
FlexTrade Appoints Bruce Wolf Head Of FX Business Development
FlexTrade
FlexTrade Systems today announced the appointment of Bruce Wolf as Head of FX Business Development.
jlne.ws/2h2jdTO
MexDer and Asigna Announce Hiring of A. Gary Flagler as Head of International Business Development, Derivatives
MexDer
A. Gary Flagler recently joined the Mexican derivatives exchange, MexDer, Mercado Mexicano de
Derivados, S.A. de C.V. ("MexDer"), and, its local rated AAA Credit rating clearing House, Asigna, as Head of International Business Development. Both MexDer and Asigna are subsidiaries of Bolsa Mexicana de Valores, S.A. de C.V. ('BMV").
/goo.gl/zjVKNo
In China's Hinterlands, Workers Mine Bitcoin for a Digital Fortune; One of the largest sources of Bitcoin can be found in the grasslands of Inner Mongolia, despite Chinese skepticism over its potential for risk.
By CAO LI and GIULIA MARCHI - NY Times
They worked as factory hands, in the coal business and as farmers. Their spirits rose when a coal boom promised to bring factories and jobs to this land of grassy plains in Inner Mongolia. When the boom ebbed, they looked for work wherever they could.
/goo.gl/LqmPPG
'Overly zealous' rules will drive away traders, CEOs warn; Heads of Europe's largest electronic debt trading venues make plea for Mifid changes
Philip Stafford - FT
An "overly zealous application" of new European trading rules could drive away fixed income business and worried overseas dealers, the heads of four of the continent's largest electronic debt trading venues have warned.
/goo.gl/wamTek
Japan's MUFG says picks Amsterdam as EU investment banking base
Taiga Uranaka - Reuters
Japan's Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) said it has picked Amsterdam as its European Union investment banking base, as financial institutions prepare for Britain's exit from the EU.
/goo.gl/WBZtfs
Chinese premier on guard against financial risks; Li stresses economy's overall health in roundtable with global organizations
ISSAKU HARADA, Nikkei
While China's financial system is generally sound and stable, the government is still keeping a close eye on certain high-risk areas, Premier Li Keqiang told reporters Tuesday after a meeting with leaders from six international institutions.
/goo.gl/DDXH8J
Floods shut down financial markets and government offices in Philippines
StraitsTimes
Philippine financial markets were closed on Tuesday (Sept 12) along with government offices and schools as heavy overnight rains flooded parts of the capital Manila and nearby provinces.
/goo.gl/r7GdNV
BlackRock reshuffles top regional, business unit executives
Trevor Hunnicutt - Reuters
BlackRock Inc, the world's largest asset manager, is reshuffling some of its top regional executives and placing new leadership at the head of its lucrative alternatives business, according to a memo on Tuesday.
/goo.gl/uvsWuU
States to Trump: Leave Retirement Rule Intact or We'll Act; Legislatures, regulators across country move to shore up investor protections as fiduciary rule is reviewed
By Lisa Beilfuss - WSJ
The controversy over a rule restricting conflicted retirement advice is shifting to states, which are moving to bolster investor protections out of concern the Trump administration will weaken the federal provision.
/goo.gl/YK4M7L
|
| | | |
|
| Exchanges, OTC & Clearing | | Top news from exchanges, clearing, settlement and trade execution facilities | CBOE to launch 10 S&P sector options; Extension of S&P benchmark offering will give investors access to sector strategies through options.
By John Bakie - The Trade
CBOE plans to launch options for S&P Select Sector Indicies, expanding its existing offerings tied to S&P Dow Jones benchmarks.
/goo.gl/6aeofe
Eurex supports electronification with Market-on-Close Futures
Eurex
As of Monday, 30 October 2017, Eurex Market-on-Close (MOC) Futures will be providing a concept to trade index futures at a price level directly linked to the underlying cash market index close, prior to its actual publication. MOC Futures represent the basis, e.g. the difference between the current futures price and the current index cash price.
/goo.gl/i8dnYm
Eurex Exchange's T7 Disaster Recovery Test scenario, 14 October 2017
Eurex
On Saturday, 14 October 2017, Eurex will participate in a world-wide disaster recovery (DR) test scenario organized by the Futures Industry Association (FIA). Eurex will offer a test scenario according to Eurex Exchange's T7 disaster recovery concept.
/goo.gl/y66Vff
Eurex Clearing and PGGM cooperate in securities lending; First buy-side customer for the Specific Lender License of the Lending CCP
Deutsche Börse
Dutch PGGM, a provider of asset management, pension fund management and advisory services, becomes the first buy-side customer to participate directly in the lending CCP of Eurex Clearing for securities lending.
/goo.gl/dFc6Ap
Frankfurter Zertifikatebörse celebrates its 10th anniversary; Bonus Certificate is the investor's favorite / offer for investors significantly expanded
Deutsche Börse
The certificate exchange in Frankfurt is ten years old. On this occasion trading on the Frankfurt stock exchange was opened this morning with the traditional trading bell. Currently over 1.5 million listed products such as certificates and warrants can be traded in Frankfurt. Through the "CERTIfigurator", an online kit, investors have been able to assemble their own certificates almost indefinitely for a few months. At the start in 2007 the product number was still 250,000.
/goo.gl/4UD876
Nasdaq Named to Dow Jones Sustainability North America Index
By GlobeNewswire
Nasdaq (Nasdaq:NDAQ) today announced it has been selected as an index component of the Dow Jones Sustainability Indices (DJSI), one of the most prestigious corporate sustainability ranking efforts, for the second consecutive year. Nasdaq is one of approximately 160 North American companies included in the index, and one of only eight diversified financial services firms. It is the only stock exchange selected from North America.
/goo.gl/hprRzk
BORSA ITALIANA WELCOMES ICAP AS FIRST NON-EXECUTING BROKER ON IDEM
London Stock Exchange Group
Borsa Italiana today welcomed ICAP as the first Non-Executing Broker (NEB) on IDEM, the Italian derivatives market. Non-Executing Broker status allows an intermediary to enter pre-arranged trades on behalf of two or more member firms, across all products listed on the market.
/goo.gl/BTdLFh
COMMENT: Strategic Pathway - what next for the LME after the Town Hall
by Metal Bulletin
Since the London Metal Exchange was bought by Hong Kong Exchanges & Clearing (HKEX) in 2012, it is safe to say that that the post-sale environment and progress has not been plain sailing - so 2017's far-reaching consultation and Strategic Pathway has a lot riding on it.
/goo.gl/xWRwtV
Former Nasdaq Chairman & CEO, Robert Greifeld, Joins VMS' Board of Directors
BY BUSINESS WIRE
Vertical Management Systems (VMS), a NewSpring Holdings, LLC platform company, today announced the appointment of Robert Greifeld, former Chairman and CEO of Nasdaq, Inc. to its Board of Directors. VMS is one of the nation's leading providers of data, financial networking, and account aggregation technology.
/goo.gl/WJYkDK
|
| | | |
|
| Fintech | | A roundup of today's market tech news and a look at tomorrow's disruptors | Equinix to buy Itconic and CloudMas, expand footprint in Europe
By Sara K. Madden - www.lightwaveonline.com
Equinix, Inc. (Nasdaq: EQIX) says it has agreed to purchase Itconic, a data center, connectivity, and cloud infrastructure services provider in Spain and Portugal, and CloudMas, an Itconic subsidiary that supports enterprise adoption and use of cloud services, from The Carlyle Group. Equinix will buy the companies for EUR215 million (approximately $259 million) in cash.
jlne.ws/2h3kytS
Blockchain Foundry Launches Revolutionary Platform for Business Services, Built Entirely on the
Press Release
Following several months of testing and an unprecedented and successful security audit, Blockchain Foundry Inc. ("Blockchain Foundry" or the "Company") is proud to officially launch the long-awaited desktop release of its revolutionary Blockmarket Desktop application.
jlne.ws/2h2FfGh
London to Tokyo FX route receives upgrade; Upgraded link to Japan expected to cater for growing FX demand in the region.
By John Bakie - The Trade
Network provider BSO has upgraded its London to Tokyo route to provide lower latency for FX trades.
/goo.gl/srKHQv
After the Equifax Hack, LifeLock Sign-ups Jump Tenfold; Panicked consumers are flocking to Symantec's identity-theft protection service.
By Polly Mosendz - Bloomberg
Shortly before Equifax Inc. revealed last week that it had been hacked, Fran Rosch got a call. The Symantec Corp. executive was vacationing in Maine, visiting his parents, when an Equifax representative telephoned to say sensitive information about 143 million Americans had been put at risk.
/goo.gl/EaGgpB
|
| | | |
|
| Politics | | An overview of politics as it relates to the financial markets | ETFs turn political allegiance into portfolio reality; New products let investors use politics for investment choices, writes David Stevenson
David Stevenson - FT
Want to back businesses that will benefit from Republican policies or an EU break-up? Maybe you want to make America great again? Very soon there might be an exchange traded fund for you, turning your partisan ideas into portfolio reality.
/goo.gl/XVWGAi
Senate Confirms Kevin Hassett as Chairman of the President's Council of Economic Advisers; The chairmanship was once a cabinet-level position, but hasn't been under Mr. Trump
By Josh Zumbrun - WSJ
The Senate voted Tuesday afternoon to approve the economist Kevin Hassett for the chairmanship of President Donald Trump's Council of Economic Advisers.
/goo.gl/tdwmxu
|
| | | |
|
| Regulation & Enforcement | | For more regulatory, visit MarketsReformWiki, our website focused on current market reform efforts. | Getting High On Your Own Bitcoin Supply; Regulators aren't the biggest threat to crowded trades like crypto-currencies and cannabis.
By Lionel Laurent - Bloomberg
Bitcoin is a risky fraud, according to Jamie Dimon, yet fund managers say it's the most crowded trade out there. It's not the only one: cannabis investments have boomed alongside crypto-currency, despite the obvious risks. The fear of regulatory crackdowns has put a downer on both markets in recent month
/goo.gl/69RLRJ
Applications for crowd-funding licences open 29 September 2017
ASIC
From 29 September 2017, the new crowd-sourced funding (CSF) regime will come into effect and ASIC will begin accepting licence applications from CSF intermediaries.
/goo.gl/3M8Aud
Merrill Lynch (Australia) Futures pays $60,000 in infringement notice penalty
ASIC
Merrill Lynch (Australia) Futures Limited ("MLAF") has paid a penalty of $60,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ("the MDP").
/goo.gl/skmnGS
ESMA warns against unauthorised use of its identity and logo
ESMA
The European Securities and Markets Authority (ESMA) has been informed that its identity and logo have been used by individuals in scam emails targeting investors. These individuals attempted to steal personal data and convince the potential victims to transfer money to them, for example by fraudulently presenting themselves as employees of ESMA conducting ESMA investigations.
/goo.gl/tFmDzw
5 Things to Do In Your 50s and 60s to Boost Retirement Savings
FINRA STAFF
When you're young, it's easy to fall into the trap of thinking there's no rush to save for retirement. But before you know it, you may find yourself in your 50s or 60s, and nowhere near your retirement savings goal.
/goo.gl/dDHZgg
FINRA Hearing Panel Fines C.L. King & Associates $750,000 for Negligent Misrepresentations and Omissions in Connection with Death Put Investments and AML-Related Violations
FINRA
The Financial Industry Regulatory Authority (FINRA) announced today that a FINRA extended hearing panel censured Albany, NY-based broker-dealer C.L. King & Associates, Inc. and fined the firm $750,000 for negligently making material misrepresentations and omissions to issuers in connection with the firm's redemptions of debt securities on behalf of a hedge fund customer. The hearing panel also found that C.L. King and its AML Compliance Officer, Respondent Gregg Alan Miller, who was suspended in a principal capacity for six months and fined $20,000, failed to establish and implement a reasonable AML program and failed to adequately respond to red flags related to the liquidation of billions of shares of penny stocks indicative of potentially suspicious activity by two customers. The decision resolves charges brought by FINRA's Department of Enforcement in April 2016.
/goo.gl/cHNRz8
'Not scared': Australian regulator takes aim at country's powerful banks
Swati Pandey, Paulina Duran - Reuters
Australia's corporate regulator took aim at the nation's four major banks, saying the powerful institutions "with a lot of hubris" aren't used to being taken on by regulators who have stepped up scrutiny of the scandal-hit sector.
/goo.gl/Uc4gfL
Japan to begin supervision of cryptocurrency exchanges; Financial watchdog flying blind in brave new world of virtual currencies
Nikkei
Japan is to introduce oversight on virtual currency exchanges next month, but authorities are still hashing out how to do so, mindful of the need to implement tighter regulation while leaving enough breathing room for continued growth of the rapidly evolving market.
/goo.gl/Y6Wb9Q
|
| | | |
|
| Investing & Trading | | Today's top stories from equities, indices and FICC (fixed income, currencies and commodities) | JP Morgan boss says he would dismiss anyone trading Bitcoin; Banking boss attacks cryptocurrencies as a scam and compares them to Tulip bubble.
By John Bakie - The Trade
JP Morgan boss Jamie Dimon has said he would fire "in a second" anyone at his firm who was trading in digital currency Bitcoin.
/goo.gl/8P36uj
Why Hedge Funds Are Shorting the Yen Despite Its Strength; The Japanese yen remains the most heavily shorted among major currencies such as the euro and British pound
By Saumya Vaishampayan - WSJ
Hedge funds have been consistently betting against the Japanese yen this year, even though the currency is on track for its biggest annual rise against the U.S. dollar in seven years.
/goo.gl/W58fvw
Cultish long-termism can hobble investors; Cryptocurrency mania shows the dangers of followers falling for fanciful narratives
Izabella Kaminska
In the aftermath of the global financial crisis, in 2010 Andrew Haldane, then the executive director of financial stability at the Bank of England, wrote a seminal paper espousing the virtues of patience in financial markets.
/goo.gl/uzYprH
Return of the stockpicker bolsters hedge fund performance; Better showing as stock market breaks free of tight correlations of recent years
Lindsay Fortado - FT
Stockpickers are showing signs of rescuing the reputation  and fortunes  of the hedge fund industry.
/goo.gl/43bRXe
Wall Street titans grow wary of ageing rally in US stocks; Investors look to buy protection and increase cash levels amid high valuations
Robin Wigglesworth and Nicole Bullock in New York - FT
Fund managers are hoarding cash and buying protection against turbulence despite the S&P 500 rally this week becoming the second-strongest bull run in US history, as some investors fear that markets' buoyancy and calm will be punctured.
/goo.gl/7EEnnW
Dumpster Diving for Stocks Is a Viable Strategy; The biggest question when sorting through the bargain bin is how much bad news is priced in.
By Ben Carlson - Bloomberg
Buy low, sell high. Buy when there's blood in the streets. Be fearful when others are greedy and greedy when others are fearful.
/goo.gl/srniVL
Winton Capital sets up climate change prediction market; Fund's not-for-profit project aims to find market consensus on carbon dioxide levels
Lindsay Fortado in New York - FT
One of Europe's largest hedge funds is looking to move into the gambling industry in the UK, as it sets up a new venue where players can bet on the effects of climate change.
/goo.gl/QR9tci
|
| | | |
|
| Banks, Brokers & Managed Funds | | The latest from banks, brokers, hedge funds and managed futures | Goldman Banks on Lending to Grow; The shift is an acknowledgment that trading isn't enough to drive revenues
By Liz Hoffman - WSJ
Goldman Sachs Group Inc., GS 2.21% acknowledging that its storied securities-trading business is unlikely to pick up enough to be a key revenue driver, is now looking to the lower-octane business of lending to spur growth.
/goo.gl/gt2kXY
Goldman Sachs dulls sting of warning with three-year growth plan; Wall Street bank forecasts third straight quarter of falling trading revenue
Laura Noonan, Investment Banking Correspondent - FT
Goldman Sachs sought to take the sting out of a new warning on fixed income trading by laying out a $5bn revenue growth plan that it says would add $2.5bn to its pre-tax profit in the next three years.
/goo.gl/U9fbmJ
Big Banks Expect Another Tough Quarter for Trading Businesses; Quiet markets and skittish clients wreak havoc on one of Wall Street's core profit engines
By Liz Hoffman and Emily Glazer - WSJ
Bank executives are signaling another tough quarter for their trading businesses as quiet markets and skittish clients wreak havoc on one of Wall Street's core profit engines.
/goo.gl/i72gkz
|
| | | |
|
| Regions | | Stories of local interest from the Americas, EMEA and Asia-Pacific regions | Jean-Claude Juncker sets out "investment screening" plans to scrutinise EU foreign takeovers
William Turvill - City AM
European Commission president Jean-Claude Juncker today confirmed his plans for a new framework to "screen" foreign takeovers of EU companies.
/goo.gl/rzToBJ
North Korea's opaque trading network keeps economy afloat; Web of rusty ships and shell companies perpetuates flows despite tightening sanctions
Don Weinland in Hong Kong, Yuan Yang in Dalian and Demetri Sevastopulo in Washington - FT
For a Hong Kong company managing a small fleet of cargo ships, Union Link International hoists an exotic array of flags, from China and Tanzania to the Pacific island nations of Niue and Palau.
/goo.gl/AitTWe
Xi Jinping Projects a False Sense of Economic Calm Ahead of His Coronation; No turmoil can be allowed to spoil the political pageantry, as the president prepares to cement his power
By Andrew Browne - WSJ
The Chinese economy is in a strange kind of limbo
/goo.gl/cehd2b
Floods May Cost South Asia $215 Billion a Year by 2030
By Archana Chaudhary and Bibhudatta Pradhan - Bloomberg
Mounting climate change dangers threaten businesses, growth; Unplanned urban sprawls, lack of climate planning to add costs
As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement.
/goo.gl/ziw1LB
|
| | | |
|
| Brexit | | Financials stories regarding the decision of the United Kingdom to leave the European Union | Australia can profit from Brexit, provided Britain stays open; Optimism is tempered by uncertainty about the direction of British economic policy
Alexander Downer - FT
Australia may have been watching from afar as Britain joined the European Economic Community in 1973, but we still reacted with anger and disappointment. Now, as we watch Britain preparing to walk back out, our emotions may be less febrile, but we remain deeply concerned about the eventual outcome.
/goo.gl/bTuE7U
Brexit: UK will 'soon regret' leaving EU argues Juncker
BBC
Media captionBrexit is "a very sad and tragic moment in our history"
The UK will "soon regret" leaving the EU, European Commission President Jean-Claude Juncker has said.
/goo.gl/EPRUku
Britain and EU reach agreement over expats' state pension after Brexit
Sam Brodbeck - Telegraph
British pensioners who live in the EU will continue to see their state pension payments increased each year after Brexit, the Government has indicated.
/goo.gl/5mYRdv
Brexit rots our rights. How can Theresa May ignore the stench?
Rafael Behr - The Guardian
Prime ministers are rarely judged on the power of their noses. The way they speak and listen attracts comment. They are praised if they have a common touch or strong vision. Smell is routinely underrated among the political senses, and yet I am increasingly convinced that deficiency in this department is Theresa May's greatest weakness.
/goo.gl/H4Qxy9
Young people fear for futures in Brexit Britain, says study
By Judith Burns - BBC
More than two-thirds of young people in the UK have an "international outlook" and many fear for their prospects once the UK leaves the EU, says a report.
/goo.gl/rfUUg1
Businesses warn UK digital economy 'at risk' from Brexit; Businesses say they are worried that any disruption to cross-border data flows could be costly and affect jobs after Brexit.
By Alexander J Martin, Technology Reporter - Sky
Businesses have warned the UK's £240bn data economy could be at risk unless a suitable Brexit transition deal is established by the Government.
/goo.gl/88pGcJ
|
| | | |
|
Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
© 2017 John J. Lothian & Company, Inc. All Rights Reserved. |
|
|
