Asian stocks rise cautiously after Trump softens trade war rhetoric August 27, 2019 Stock markets in Asia climbed cautiously into the green this morning after President Trump made more optimistic comments about the trade war following what he described as two “very good calls” from Beijing. “China called last night our top trade people and said: ‘Let’s get back to the table,’” he said at the G7 summit [...]
Number of people employed by Aim-listed businesses increases 76 per cent over five years August 27, 2019 The number of people employed by companies listed on London’s junior Aim market has increased 76 per cent over the last five years, to reach almost 390,000 people. Revenues of Aim-listed businesses have also grown significantly, with an 86 per cent increase over five years, bringing total revenues to £58bn, according to accountancy firm BDO. [...]
Record quake reignites calls for fracking ban August 26, 2019 Ministers faced renewed calls to ban fracking today as a record-breaking earthquake shook homes in Blackpool just weeks after the government said it may review limits which the industry says are stifling business. A 2.9 magnitude quake by Cuadrilla’s Blackpool site woke up locals enjoying a bank-holiday lie-in. Read more: Record-breaking 2.9 earthquake measured at [...]
Global stock markets rise as Trump and China dial down trade war rhetoric August 26, 2019 US and European stock markets climbed into the green today after US President Donald Trump calmed investors by saying China was seeking an end to the two sides’ raging trade war. Read more: Trump announces tariff hikes as US-China trade war escalates At the G7 world leaders’ summit in France, Trump said: “We are having [...]
Iran sells oil from seized tanker a week after it was released August 26, 2019 Iran this morning said that it has sold the oil being transported in one of its tankers, a week after it was released by authorities in Gibraltar. The ship’s owner will decide where its next destination will be after the sale, said an Iranian government spokesperson, quoted by the IRIB news agency. Read more: As [...]
Record-breaking 2.9 earthquake measured at Lancashire fracking site August 26, 2019 The UK’s only active fracking site has seen its third record-breaking earthquake in under a week this morning, smashing through a limit which made the government ban fracking for two years in 2011. The British Geological Survey (BGS) said this morning that a 2.9 magnitude earthquake was measured close to Blackpool, by Cuadrilla’s site. Read [...]
Oil prices slump as China hit US with crude tariffs August 24, 2019 Oil prices took a hit on Friday after China threatened to impose tariffs on US crude oil imports for the first time. Prices tumbled by almost four per cent to a two-week low on a day the trade war escalated. Read more: Trump announces tariff hikes as US-China trade war escalates The ongoing tension has [...]
China to tariff $75bn of US goods in trade war escalation August 23, 2019 China has announced it will tariff $75bn of US goods in the latest escalation in the long-running trade war with the US. China’s commerce ministry said in a statement it would impose additional tariffs of five and 10 per cent on over 5,000 US goods including agricultural products, crude oil, small aircraft and cars. The [...]
Chinese renminbi set for another weekly fall on trade tensions August 23, 2019 China’s currency the renminbi is broadly flat against the dollar this morning, but is on course to have fallen for three of the last four weeks. The tumbling currency will likely anger US President Donald Trump, whose administration officially accused Beijing of currency manipulation when the currency fell to the seven-per-dollar level at the start [...]
Behavioural finance: what the polka dot maxi dress sensation has to do with investing August 23, 2019 | City Talk THE polka dot Zara dress sensation comes to mind when considering recent examples of “herd bias”. The hugely popular dress, which has its own Instagram page dedicated to sightings of it, was initially a sell-out, and it seems herd mentality has been at play. However, this bandwagon effect, where people gravitate towards something because “everybody [...]