NW Business and Finance

We have a daily news feed on business, finance & gold, as well as in-depth articles by businesses based in the North West of the UK, on business & finance topics. We'd love to hear from you if you have a business based in the North-West, so please get in touch and we'll feature you!

Slump in Currency Reserve Intensified Concerns over Chinese Economy + MORE


Vancouver, BC, Canada — September 8, 2015 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) is pleased to announce the transfer of its 100% interest in the Mustang Project located in Nye County, Nevada, to Nevada North Resources, a private company owned by Larie Richardson (‘Nevada North’) for a retained 1…

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Although customer activity has been positive across all metals, silver has continued to be the favourite metal among GoldMoney’s customers this week.
Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey said: “In terms of orders, silver remains on top in volume and value while gold continues to be the second favourite…

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Wall Street rallied on encouraging economic data. DJIA and S&P 500 indices rose +2.42% and +2.51% respectively. Equities in Europe also climbed higher with Stoxx600 index adding +1.2% on upward revisions of Eurozone’s GDP growth. Market sentiment was also improved in Asia today. Hong Kong’s Hang Seng Index soared +2…

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There is one class of money that is constantly being created and destroyed, and that is bank credit.
Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this credit to deposit in other bank accounts and to pay creditors. It is not money that is created by a central bank; it is money that is created out of thin air by commercial banks to lend…

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Crude oil prices slumped nearly -4% as EIA cut global oil demand for 2015 and 2016. Prices were pressured further as risk appetite again diminished on concerns over global economic slowdown. The front-month contract for WTI crude oil initially fell to as low as 44.05 before settling at 44.15, down -3…

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While Wall Street was closed on Monday, European equities held up well with the Stoxx600 index adding +0.5%. Today, Chinese shares remained under pressure after volatile trading yesterday (CSI 300 index rose to a 2-week high of 3422 in early session but gains were reversed with the index losing -3.43% for the day)…

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