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Hot Off The Wires - 20 September 2019

News

  • China's new benchmark lending rate fell for the second month in a row in September.

  • London has slipped further behind New York in a ranking of the world’s financial centres.

  • Eurozone banks have shunned the cheap new loans offered by the ECB. Just €3.4bn of the loans were given, despite predictions €100bn would be taken up.

  • Nearly half of Ryanair’s investors have rejected a pay deal for Michael O’Leary that could hand him €99m.

  • Airbnb has announced plans to float on the stock market next year. The company, valued privately at $31bn, said that it “expects to become a publicly-traded company during 2020”.

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Trivia

Which country supplies the largest percentage of the world's gold supply?


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