Moody’s warns of global shockwaves as fallout from China slowdown threatens growth prospects November 10, 2015 Global economic stability is at risk from financial shocks in the face of a bigger-than-expected fallout from China’s slowing growth, a new report from Moody’s has warned. The credit ratings agency also said that policymakers may find it difficult to act against potential shockwaves as they “lack the ample fiscal and monetary policy buffers” needed to [...]
Portugal’s government is likely to recieve a vote of no confidence – here’s what you need to know November 9, 2015 The Portuguese Prime Minister and his minority coalition government face a major confidence vote in parliament today. Here's what you need to know: The Prime Minister is likely to lose The centre-right coalition has the most seats in parliament but does not have a majority. After October's election, the PSD, the People’s Party and Portugal Ahead held 107 [...]
Russia’s insurers are too driven by the motor market – S&P Emerging Market Insurance Forum November 9, 2015 Russia's insurance industry is overly dependent on motoring, creating problems as the market goes into decline, according to research from Standard & Poor's (S&P). At an emerging market forum hosted by the ratings agency this evening, the audience were told that motor hull was responsible for 22 per cent of insurance premiums in 2014, more than [...]
Insurers to announce Indian investment plans during Narendra Modi’s UK Visit November 9, 2015 A number of insurers will announce this week that they are planning to pour money into Indian investments. The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK. Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky [...]
Greece has until the end of the week to meet bank recapitalisation requirements, says Eurogroup president Jeroen Dijsselbloem November 9, 2015 Eurozone finance ministers have given Greece until the end of the week to make the necessary reforms needed to complete its bank bailout. Europe has put £10bn aside for Greece but Jeroen Dijsselbloem, head of the Eurogroup of Eurozone finance ministers, said after a meeting of finance ministers in Brussels that "the agreed conditionalities need to be met". [...]
Finance sector hiring: Demand for compliance workers in the City jumps in October November 9, 2015 It may not have a reputation as the most exciting sector but compliance specialists are increasingly in demand. In figures shown exclusively to City A.M., recruitment consultancy Robert Walters revealed compliance vacancies in the City of London in October rose 13 per cent compared to September. This figure also represents a 17 per cent increase compared [...]
OECD cuts global growth forecast to 2.9 per cent as headwinds from emerging markets “greatly increase” November 9, 2015 The Organisation for Economic Cooperation and Development has cut its global growth forecast for 2.9 per cent. The Paris-based think tank attributed a "sharp slowdown" in emerging markets, which it called "deeply concerning". "Headwinds [in emerging economies] have generally increased, reflecting weaker commodity prices, tighter credit conditions and lower potential output growth, with the risk [...]
UK house prices: London property prices to rise a third by 2019 as demand continues to outweigh supply November 9, 2015 London house prices will rise by almost a third between this year and 2019, new research has found, as demand in the capital continues to vastly outweigh supply. The CBRE Regional Development Land report forecast nine per cent growth this year, rising to 31 per cent by 2019. In the wider South East, prices will rise six [...]
It’s Equal Pay Day – but women still expect to earn 20 per cent less than men November 9, 2015 Happy Equal Pay Day – or not, as, thanks to the pay gap between male and female workers, women are now effectively working for free from today until the end of the year. A new survey by jobs website reed.co.uk has discover that women now expect to earn 20 per cent less than men, and [...]
UK companies raised over £20bn in a year through share and debt issues, reveals accountancy firm Moore Stephens November 9, 2015 UK companies fetched a net total of £20.3bn though share and debt issues in the year ended 30 September 2015, according to figures released today by accountancy firm Moore Stephens. The £20.3bn figure, which refers to the total amount levied through new share and debt issues less the amount repaid on share buybacks and debt, [...]