European markets fall after Federal Reserve hints at rate hike November 9, 2018 European markets have fallen this morning after the US central bank hinted at an interest rate hike next month. The Federal Reserve decided to leave interest rates unchanged yesterday but the US central bank said it saw “further gradual increases” ahead. The Euro Stoxx 600, made up of markets in 17 countries, was down 0.7 [...]
Aquis reaches record market share as shares in ‘Spotify of stock exchanges’ boom November 8, 2018 Shares in pan-European trading platform Aquis Exchange soared 18 per cent yesterday after it further increased its market share for equities trading. The “Spotify of stock exchanges” increased its market share of European equities trading to 3.67 per cent. The platform launched in 2012 as a competitor to exchanges such as the London Stock Exchange [...]
How emerging markets have changed over the past 20 years November 8, 2018 | City Talk The transformation of emerging markets has been remarkable. The countries and companies that dominated 20 years ago have changed dramatically, influenced by the major geopolitical, economic and demographic changes that have taken place over this time. Navigating these changes can be complex, but these developments underline the importance of taking a flexible, active approach and [...]
Family shareholder dispute at commodity trader Louis Dreyfus Company close to resolution November 7, 2018 A long-running family shareholder dispute at one of the world's biggest agricultural commodity traders Louis Dreyfus Company is close to being resolved. Margarita Louis-Dreyfus said her family trust Akira had secured the funding needed to buy out other family members. Louis-Dreyfus, the widow of Robert Louis Dreyfus, whose family founded the business in 1851, has [...]
US midterm elections: How the markets reacted November 7, 2018 Global markets have rallied as the dollar weakened following the US midterm elections. The Democrats took control of the US House of Representatives, which could make it harder for Donald Trump to push through his legislative plans. But the Republicans retained their control of the US Senate, in a largely expected outcome. The pound has gained [...]
Shocktober: Seven charts that tell the story of the stock market’s worst month in six years November 6, 2018 | City Talk World stock markets fell 7.4 per cent in October as investors fretted about issues such as US-China trade tensions, European political uncertainty and the end of quantitative easing. The sell-off made it the worst monthly performance for stocks globally in the last six years and it’s the tenth worst in the last decade, as measured by the [...]
CoinGeek brings the world of crypto together in London November 6, 2018 While outsiders’ interest in cryptocurrencies is often limited to their volatile prices, industry leaders will be debating a much wider agenda, including everyday uses of crypto, at a three-day conference in London at the end of November. Tickets can be bought with discount code “cityam20” on Eventbrite The CoinGeek Week Conference will feature entrepreneurs who [...]
Randgold profits rise ahead of shareholder vote on $6bn Barrick merger November 6, 2018 Randgold Resources has reported a 25 per cent profit increase on the eve of a shareholder vote on its proposed $6bn (£4.6bn) merger with Barrick Gold. The gold miner said its profit for the third quarter was $73.2m, an increase on the $58m profit made in the second quarter, and up 20 per cent from the [...]
Currency vs money – The choice you didn’t know you had November 6, 2018 Modern crypto projects face a series of obstacles ranging from plain operational issues to core conceptual principles by which the currency should be made. The most obvious and practical way of creating a digital currency is by getting to the root of the conventional currencies and connecting this virtual entity to real and valuable goods, [...]
Asda, Morrisons and Sainsbury’s to cut price of unleaded petrol by 2p November 6, 2018 Supermarket giants Asda, Morrisons and Sainsbury's are locked in a pricing war after all three pledged to cut the price of fuel by 2p. The war was triggered by Asda's decision to cut the price of its unleaded fuel by 2p to 122.7p per litre. Rivals Morrisons and Sainsbury's announced soon after that they too would shave [...]