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Australian share market tumbles to four-week low amid European rate cut jitters

The Australian share market tumbled on Tuesday to hit a four-week low as central bankers in Europe foreshadowed a delay in rate cuts. At the closing bell, the benchmark S&P/ASX200 dropped 1.1 per cent, or 81.5 points, to 7,414.8, while the broader All Ordinaries shed the same amount to 7,647.1. Against the greenback, the Australian dollar was 0.7 per cent lower to 60.61c at the end of trading. The fall followed comments from Robert Holzmann, who sits on the European Central Bank’s governing council, at the Davos Economic Forum overnight. He said it was too early to talk about easing monetary policy and there was “no guarantee of…

Investors can now access ProVen VCTs through Seedrs with £500 minimum investment

EXCLUSIVE Investors can now access ProVen VCTs through Seedrs with £500 minimum investment ProVen VCTs, managed by Beringea, have partnered with Seedrs It will bring down the minimum investment from £5,000 to £500 By Angharad Carrick Updated: 06:00, 16 January 2024 e-mail View comments The investment firm behind leading consumer brands like Lucky Saint has partnered with a crowdfunding platform to bring venture capital to a wider pool of investors. ProVen VCTs, which are managed by Beringea, will be offered through the crowdfunding platform Seedrs from today, This is Money can reveal. VCTs raise money from investors to invest in…

German economy stalls – data

Zelenskyy takes center stage in Davos as he tries to rally support for Ukraine…

Ukrainian President Volodymyr Zelenskyy is headlining a frenzied first full day of the World Economic Forum's annual meeting in the Swiss ski resort of Davos, where top officials from the United States, the European Union, China, the Middle East and beyond will also take center stage Tuesday. Zelenskyy will endeavor to keep his country's long and largely stalemated defense against Russia on the minds of political leaders, just as Israel's war with Hamas, which passed the 100-day mark, has siphoned off much of the world's attention and sparked concerns about a wider conflict in the Middle East. Conversations with prime ministers of…

Villagers' fears for 'peaceful village' over wharf revival plans

Plans to revive a wharf on the River Trent in North Lincolnshire have been met by strong opposition from residents who warn of the "ruination of a peaceful village". After a permit application for "cementitious-based products", a campaign group was formed and website created to oppose increased activities at Kingsferry Wharf in Burton upon Stather. The wharf has had little to no major activity for decades. But tenants MCL Solutions Ltd have renovated it and want to increase business activity at the wharf. Residents say it is "an outdated facility" that has "run its course" and is unsuitable for the area. Read More: Time running out…