Subprime borrowers could not withstand the higher interest rates

Subprime borrowers could not withstand the higher interest rates

The trouble started when the interest rates started rising and home ownership reached a saturation point. From June 30, 2004, onward, the Fed started raising rates so much that by June 2006, the Federal funds rate had reached 5.25% states Alan Green, senior analyst at Molton Wealth believes...

What does the election of Donald Trump mean for the U.S. stock market

What does the election of Donald Trump mean for the U.S. stock market

"Stocks will rally sharply under Trump's election win on hopes of not just corporate tax cuts, but also deregulation and government spending. He also promises a simplified tax system with tax cuts across the board. In my view bank equities will soar as Trump will implement deregulation of the...

Majestic Wine to close stores and rebrand as Naked

Majestic Wine to close stores and rebrand as Naked

25 March 2019 comments Image copyright Majestic Wine Majestic Wine has announced plans to revamp its business by closing some of its 200 stores and concentrating on its online Naked Wines division.The change will also see the company being renamed Naked Wines.More details of the store closures -...

Nike fined by EU for restrictions on football merchandise sales

Nike fined by EU for restrictions on football merchandise sales

25 March 2019 Image copyright Getty Images Nike has been fined by the European Commission for restricting the cross-border sale of goods carrying the logos of some of Europe's top football clubs.The €12.5m (£10.7m) fine concerns merchandise such as mugs, bed sheets and stationery, which...

Ethiopian Airlines 'believes in Boeing'

Ethiopian Airlines 'believes in Boeing'

25 March 2019 Related TopicsEthiopian Airlines crash Image copyright Getty Images Image caption Debris from Ethiopian Airlines flight 302 The boss of Ethiopian Airlines said he still "believes in Boeing" in spite of a crash involving the US firm's 737 Max plane which killed 157 people.Tewolde...

Jet Airways: The riches to rags story of India's oldest private airline

Jet Airways: The riches to rags story of India's oldest private airline

23 March 2019 Image copyright Reuters Image caption For many, Jet Airways redefined the Indian flying experience For a long period of time, especially during the late 1990s and 2000s, Jet Airways was the shining face of Indian aviation. But now it finds itself on the verge of collapse. What went...