GBP News 

Nicola Sturgeon: SNP can oppose Theresa May plan without triggering no deal Brexit

“Nicola Sturgeon has insisted the SNP opposing Theresa May’s Brexit plan in the Commons will not mean the UK crashing out of the EU with no deal” writes Michael Fabricant for telegraph.co.uk. But senior Conservative sources said the SNP would be faced with a choice between Mrs May’s plan and crashing out of Europe with no deal, if the former wins the EU’s support. Source: telegraph.co.uk Share This:

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Markets News Stocks 

A ‘new wave of defaults’ by Chinese companies has come crashing down and could send ripples through its stock market

“Lower credit growth can discourage risk appetite, which lowers credit growth further” writes Gina Heeb for businessinsider.sg. The default rate, which is the percentage of corporate bond defaults against the total maturing value, was 0.7% between January and May.China’s turning down the money tap, and the effects are starting to be felt in the bond market.The shift raises concerns that credit risk could spread from the bond market to the equity market.About 1.5 trillion yuan in corporate bonds will mature over the next year. Source: businessinsider.sg Share This:

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News Stocks 

Here’s what is keeping stocks from completely crashing with the 10-year above 3%

“He has said that there is a sweet spot where valuations can compress and stock prices still rise if earnings growth is strong enough” writes Kara Chin for businessinsider.com.au. And if earnings growth stays up, you know, in the 17, 19, 20%, you can have what I would call a benign valuation reset.According to Fidelity Investment director of global macro Jurrien Timmer, the market’s reaction could have been a lot worse if earnings growth wasn’t booming. Source: businessinsider.com.au Share This:

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News 

Ronny Jackson accused of drunkenly crashing government vehicle, overprescribing opioids

“Among the newly revealed allegations is an account of Jackson drunkenly crashing a government vehicle at a Secret Service party” reports washingtonexaminer.com. Press secretary Sarah Sanders told reporters Wednesday during his time serving under three U.S. presidents, Jackson has undergone four background checks that came back clean. Source: washingtonexaminer.com Share This:

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GBP News 

UK risks crashing out of EU if it can’t solve Irish border, warns Tusk

“On Monday and Tuesday this week negotiators grappled behind the scenes with the remaining gaps in the withdrawal agreement” writes Jon Stone for independent.co.uk. Britain is still at risk of crashing out of the EU without a Brexit deal or transition period if it does not produce a solution to the Irish border issue, the president of the European Council has warned.Senior UK government officials have however said they are still focusing on the trade agreement route. Source: independent.co.uk Share This:

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News 

iOS 11.2.6 is available for download, fixes major character crashing bug

“This edition appears to be purely a bug fix for the Teluga character bug, which caused messaging apps and iOS to crash” writes Maren Estrada for bgr.com. Apple’s update notes confirms that the bug fix should be universal, so the Teluga character shouldn’t crash any apps or Springboard any more: iOS 11.2.6 includes bug fixes for your iPhone or iPad.Receiving the character will crash whatever messaging app sees the character, forcing you to force-close the app. Source: bgr.com Share This:

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News 

iOS Text Bomb Bug: Users Are Crashing iPhones Through Social Media

“They then send a user a notification by liking a tweet, which can cause the Twitter app to become unresponsive and can crash iPhones” reports ibtimes.com. The “text bombs” are the result of an ongoing issue with iOS 11.2.5 that was first discovered earlier this week.Once that message is received, Apple’s iOS Springboard—an application that manages the iOS home screen—will crash and the Messages app will no longer open. Source: ibtimes.com Share This:

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Crypto Markets News 

All major cryptocurrencies are crashing again and bitcoin dipped below $6,000

“Tuesday’s slump follows carnage in the crypto market on Friday and a market slump in early January” writes Finanzen Net Gmbh for businessinsider.com. Commentators have been blaming fears of regulation, cooling interest from Asia, and fears over the role cryptocurrency Tether plays in the bitcoin market.From a peak of $830 billion at the start of January, the global cryptocurrency market has now shrunk to $285 billion, according to data provider CoinMarketCap.com. Source: businessinsider.com Share This:

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Crypto News 

‘The Mother Of All Bubbles And Biggest Bubble in Human History Comes Down Crashing’

“Nouriel Roubini, chairman of Roubini Macro Associates, took to Twitter Friday to call the bitcoin bubble “the mother of all bubbles.”” writes Frank Chaparro for businessinsider.com. Roubini, a noted bitcoin critic, told Bloomberg Radio’s Tom Keene that regulators have “fallen asleep at the wheel” when it comes to cryptocurrencies.Roubini also said regulators haven’t done enough to address the clear fraud and manipulation in the market for digital coins.Tether, a cryptocurrency company that has a digital coin it says is fully backed by US dollars, has printed billions of dollars “out…

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