Mark Carney

Tsakalotos among possible candidates for top job at IMF, CNBC reports

As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.

U.S. President Donald Trump: Facebook Needs a Bank License for Its Cryptocurrency

U.S. President Donald Trump on Thursday said he's "not a fan" of cryptocurrencies, and suggested that Facebook may need a banking charter if the company wants to launch Libra.

In a series of Twitter posts, Trump said cryptocurrencies are not money and "Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity."

Fall in Migration After Brexit Could Push Up Inflation

A sharp fall in migrant workers coming to Britain as a consequence of Brexit could push up wages and cause a spike in inflation in the short term, according to the governor of the Bank of England, quoted by the Guardian. 

Mark Carney was setting out his view on inflation days after the Bank's rate-setting panel indicated it could raise interest rates for the first time in a decade.

Britain unveils Jane Austen bank note on anniversary

The Bank of England on July 18 unveiled a new bank note featuring Jane Austen to coincide with the author's death 200 years ago after a campaign to include more women on Britain's currency.

The new note worth ten pounds ($13, 11.3 euros) and made of polymer instead of paper will enter circulation in September.

London finance chief upbeat after Brexit trigger

The outlook for London's financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad.

Mark Boleat, who spoke on Thursday to AFP after British Prime Minister Theresa May activated the process for Britain's EU exit, nevertheless urged speedy trade talks to minimize disruption.

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