After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
The number and wealth of the world’s billionaires has peaked – but Mark Zuckerberg is the biggest riser March 1, 2016 The number of billionaires in the world peaked at a record high last year and has begun to drop, according to a new ranking – which added that the average wealth of the world's billionaires has also begun to fall. Forbes' 2016 Billionaires List showed the number of billionaires in the world has fallen to 1,810, from [...]
Fund managers predict 1-in-4 chance of a UK recession March 1, 2016 Fund managers are feeling increasingly gloomy about the outlook for the UK economy, according to a new survey. On average, they forecast a 23 per cent chance of a UK recession during the next eighteen months, according to investment bank and research house Liberum's UK SMID fund managers’ survey. The survey also showed they're pessimistic on all [...]
Japanese government’s 10-year borrowing costs fall below zero for first time ever March 1, 2016 Investors now have to pay a small fee to lend to the Japanese government. The interest rate on Japanese government bonds – tradable IOUs – has fallen to minus 0.062 per cent today. It means after 10 years the government can pay back less than it borrowed initially. Japan's shorter-term borrowing costs have already fallen below [...]
Leading private bank: Don’t panic about Brexit despite warnings over the economy, the pound, and a leap into uncertainty March 1, 2016 A top private bank has told investors not to panic over the possibility of Britain leaving the European Union, despite warnings from UBS that sterling could fall to parity with the euro if UK voters decide to quit the EU. In a special report, Kleinwort Benson said while a so-called Brexit “presents a lot of uncertainty”, [...]
Eurozone manufacturing growth drops to year-low – Markit PMI March 1, 2016 An indicator of manufacturing growth in the Eurozone hit a year-low in February, according to figures released this morning. Markit's manufacturing purchasing managers' index (PMI) dipped to a score of 51.2 from January's 52.3. While it is above the 50 no-growth mark, it suggests growth slowed from January. Production, new orders, new export business and hiring all lost momentum. [...]
Eurozone January unemployment falls to lowest level since August 2011 March 1, 2016 Eurozone unemployment fell for the third month in a row in January, slipping to its lowest level since August 2011. Data released today by Eurostat showed the single currency area's unemployment rate fell to 10.3 per cent in January from 10.4 per cent a month earlier. This beat economists' expectations, with the majority expecting it [...]
UK manufacturing growth slumps to lowest pace since 2013 – Markit PMI March 1, 2016 A gauge of the manufacturing sector's growth dropped to a 34-month low this morning. Markit's manufacturing purchasing managers' index – compiled from a survey of businesses – fell to a score of 50.8 for February. It is only slightly above the 50 mark that implies there was no growth on the previous month. Output growth eased sharply while the [...]
Advertised job openings cool off as retailers and factories cut back March 1, 2016 Growth in the number of new job vacancies slowed in January. Available job openings rose 13.3 per cent from the same month last year, according to the data published by jobs site Adzuna this morning. Yearly vacancy growth was above 20 per cent in every month last year. The slowdown was due to a sharper-than-usual [...]
Economy shrugs off market jitters to keep up steady growth March 1, 2016 The UK’s economic growth held up in February in the wake of stock market turmoil and global growth concerns. New survey data published this morning by the Confederation of British Industry (CBI) suggests growth picked up in the three months to February compared with the three months to January. The percentage of firms that said [...]
UK household spending growth slows for fourth month in a row in January, Asda income tracker shows March 1, 2016 UK households enjoyed a double digit rise in their weekly spending power in January, despite growth slowing for the fourth month in a row. Asda’s latest income tracker released today shows that consumers were £12 – or 6.7 per cent – better off in January compared with the same time last year, taking their average [...]