GBP News 

Letters: Britain can have better transport without wasting more money on HS2

“Just some of the money saved could be used to provide high-speed broadband throughout Britain, which would transform the economy” writes Tom Welsh for telegraph.co.uk. SIR – The Government should cancel the vanity project that is HS2, which is now expected to cost £100 billion.The savings could be used to improve current transport, while investment in the North could be encouraged through tax breaks.SIR – There is now so much doubt about the merits of HS2 that the project should be abandoned immediately before any more money is wasted. Source: telegraph.co.uk

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News Oil 

India imports 270,500 bpd of Iranian oil in January

“TEHRAN- India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed” reports tehrantimes.com. India is restricted to buying 300,000 bpd of oil from Iran, but January’s import was below this figure as some cargoes were delayed.The U.S. imposed new sanctions on Iran’s oil sector in November but gave a six-month waiver to eight countries, including India, which allowed them to import some Iranian oil.India’s January imports from Iran were 10.4 percent lower than December, the tanker arrival data showed. Source: tehrantimes.com

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Markets News Stocks 

In a bear market, the best offense is a good defense

“To keep your footing and stay centered, reverse that old adage about sports and war: In a bear market, the best offense is a good defense” reports marketwatch.com. A bear market, when it comes, will feel like an attack on your financial security.The bullish case for Facebook is about to get even better Momentum-based investing strategies are coming off a 10-year cycle of poor performance, writes Mark Hulbert.Investors working with investment advisers ought to make time to talk about bear markets — when stocks drop at least 20% from their…

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Markets News 

Egypt, China discuss enhancing bilateral tourism relations

“During the meeting, Bahgat stressed the importance of the Chinese market as one of the most promising tourism markets, assuring that the state is aiming to attract more Chinese tourists to Egypt” writes Nihal Samir for dailynewsegypt.com. Agreeing with Saad, the former Head of International Tourism at the Tourism Promotion Authority, Ahmed Shoukry, told DNE that the number of Chinese tourists is increasing, assuring that Egypt needs to increase the capacity of the direct flights between Egypt and China, as the Chinese market is a very beneficial market for Egypt. Source:…

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GBP News 

US prosecutors drag Darktrace into Autonomy fraud case

“The British cyber security company Darktrace has been pulled into the US fraud case against former Autonomy executives Mike Lynch and Sushovan Hussain” writes James Titcomb for telegraph.co.uk. FBI officials have interviewed the company’s chief executive Nicole Eagan as they investigate the links between Darktrace and Invoke Capital, Dr Lynch’s investment fund, according to court documents.US prosecutors are seeking to establish the wealth of Sushovan Hussain, Autonomy’s former finance chief, ahead of sentencing him for fraud charges over Hewlett Packard’s $11.8bn (£9.2bn) purchase of the British software company in 2011. Source:…

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Markets News 

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

“The altcoin has thus again dislodged EOS and Bitcoin Cash (BCH) as fourth-largest cryptocurrency by market cap, which it holds with a market cap of around $990 million” writes Marie Huillet for cointelegraph.com. Ripple (XRP) — like its larger market cap counterparts — is seeing virtually no price change on the day, and is trading around $0.301 at press time.On the month, Ethereum is similarly stable, trading at virtually the same price point (0.4 percent down) as in mid-January.On the month, the coin has seen virtually no movement, trading down…

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Crypto News 

Storing Your Crypto: 3 Tips to Make Sure Your Crypto Assets are Secure

“Over the last couple of weeks, the world has watched as the QuadrigaCX crypto exchange unfolded” reports livebitcoinnews.com. Keeping your crypto in an exchange wallet defeats the entire purpose of a decentralized system.Long story short, the exchange lost access to the majority of its assets in cold storage after the founder died unexpectedly. Source: livebitcoinnews.com

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Markets News 

These tools can prepare investors for threats lurking in the market

“A growing number of tools prepare you for the threats lurking around the market, from a trade war to climate change, by letting you test them out on your investments before they ever happen” writes Executive Director Of for cnbc.com. For example, a user can now see how a second government shutdown would rattle their investments. Source: cnbc.com

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GBP News 

Hammond’s China trip scuppered after Williamson remarks

“Philip Hammond is not going to China this weekend for trade talks, following reports that Beijing scuppered advanced preparations for a meeting after the defence secretary, Gavin Williamson, threatened to deploy a warship in the Pacific” writes Mattha Busby for theguardian.com. It is believed that there is an internal row brewing between the Treasury and the defence department over Williamson’s remarks, which the former chancellor George Osborne described as a throwback to an era of “gunboat diplomacy”. Source: theguardian.com

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