GBP News 

Groundhog day? UK Brexiteers demand Irish backstop changes from PM

“If they were to remove the backstop then some Brexiteers might peel off and support the deal” writes Midwest Communications Inc for 95kqds.com. The prime minister knows she must offer some change to the overall package of the withdrawal agreement and future partnership to get her agreement through parliament.Changes to the backstop could also be enough to win the support of the Northern Irish Democratic Unionist Party (DUP), whose 10 lawmakers prop up May’s minority government but have so far voted against her deal.”The deal is more capable of a…

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Crypto News 

Poll: 63 Percent of Senior Execs Lack Understanding of Blockchain Tech

“In a survey of institutional investors by the Global Blockchain Business Council (GBBC), 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology” writes Ana Berman for cointelegraph.com. The participants of the survey also named digital identity and healthcare as fields which will be significantly impacted by blockchain technology.As Cointelegraph previously reported, some high-profile crypto bulls expect institutional demand for cryptocurrencies to drive the industry forward in 2019. Insiders told Bloomberg that Goldman Sachs, Morgan Stanley, and Citigroup gave up their crypto plans until…

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News Oil 

Oil ends lower on renewed global growth fears

“The IMF yesterday lowered its forecast for global economic growth this year, particularly because of the less dynamic growth expected in Europe” writes Saefong William Watts for marketwatch.com. Oil futures settled lower Tuesday, under pressure after a warning from the International Monetary Fund and weak economic data out of China underlined concerns about global economic growth and energy demand.The IMF on Monday said it expects the global economy to grow 3.5% in 2019, down from a previous forecast of 3.7% in October and a growth rate of 3.7% in 2018.The…

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GBP News 

British billionaire Dyson moves vacuum giant to Singapore

“LONDON (Reuters) – James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his corporate office and tax registration to Singapore from Britain to be closer to his fastest growing markets” reports businessinsider.com. The company said the move from Britain was not driven by the looming departure from the European Union or any tax implications. The move comes as Dyson said its annual profit had broken through the 1 billion pound barrier for the first time, driven by strong demand in China and other…

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Futures News Oil 

Oil prices drop on renewed global growth fears

“The IMF yesterday lowered its forecast for global economic growth this year, particularly because of the less dynamic growth expected in Europe” writes Deputy Markets Editor for marketwatch.com. Oil futures traded sharply lower Tuesday, under pressure after a warning from the International Monetary Fund and weak economic data out of China underlined concerns about global economic growth and energy demand. February heating oil HOG9, -2.06%  was off 2.3% at $1.873 a gallon, while February gasoline RBG9, -3.53%  dropped 3.7% to $1.40 a gallon.March Brent LCOH9, -2.85%  lost $1.94, or 3.1%,…

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GBP News 

Dominic Grieve tables plan which would allow MPs to demand Article 50 extension just three days before Brexit deadline

“MPs would be able to launch a last second bid to delay Brexit under a cross-party plan put forward by Dominic Grieve” writes Tim Stanley for telegraph.co.uk. Each of these days would see MPs put forward different Brexit options to be voted on and the Government would be expected to act on any which managed to secure a majority. But the final proposed day of debate would be on March 26 – just three days before Brexit day – raising the prospect of an eleventh hour bid by MPs to…

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News 

GYG buoyed by rising demand for superyacht services

“A late boom in demand for the services of superyacht firm GYG has buoyed its shares by almost a quarter” writes Jon Yeomans for telegraph.co.uk. Updating on full-year trading, the Aim-listed business which paints, services and maintains the multi-million pound vessels, said trade improved in the final two months of 2018.GYG shares rose as much as 23pc to 43.9p as it said trading improved in the final quarter, meaning revenue was now forecast to beat City expectations. Source: telegraph.co.uk

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Futures News Oil 

Oil prices edge down as global growth worries threaten demand

“SYDNEY (Reuters) – Oil prices edged lower on Tuesday as concerns over global economic growth stoked fears over future demand” writes Midwest Communications Inc for 95kqds.com. However, oil prices were offered some support in the wake of recent data that indicated major exporters were beginning to curtail production.International Brent crude oil futures were down 10 cents, or 0.2 percent, at $62.64 by 0106 GMT. They closed down 0.1 percent on Monday.Also clouding the outlook was data showing a slowdown in growth in China, the world’s second biggest economy.U.S. West Texas…

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News Stocks 

Slumping iPhone demand causes layoffs, slashed profit forecasts

“On the second day of 2019, Apple paused stock trading and informed investors that it had to reduce its profit forecasts thanks to decreased iPhone demand, particularly in China” writes Rachel Kraus for mashable.com. It reportedly began terminating contracts as early as October, leading to 50,000 early layoffs over the past three months.It cut profit quarterly forecast by 22 percent, and has reportedly implemented cost-cutting measures and a hiring freeze. Source: mashable.com

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