After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Energean swings to profit on higher oil prices but shares fall after production delays September 12, 2018 Energean Oil & Gas has swung to a half yearly profit on higher oil prices but has seen its shares fall after lowering its production guidance. The FTSE 250 company today posted pre-tax profits of £82.1m for the six month ending June – up from the £4.4m loss it reported in the first half of [...]
The rise of Chinese finance puts pressure on London and New York as top financial centres September 12, 2018 London and New York remain the top two financial centres in the world but Asian cities are hot on their heels, according to an authoritative ranking to be published today. A major report from London-based think tank and consultancy Z/Yen will show the average ranking of financial centres in Asia and the Pacific region rose [...]
Crypto A.M. Shines its Spotlight on FreeMark: Inventing Better Money September 11, 2018 Plunging exchange rates can cost exporters their shirts. Sterling versus the US dollar can vary sometimes 7% in a month, or 2% in a day. Businesses and individuals can lose big chunks of their profits—even make a loss. Exporters must therefore hedge transactions in order to survive in the global economy. With more and more [...]
More of the same from Apple? September 11, 2018 | City Talk Earlier this year Apple made history in becoming the first US company to achieve a $1trn valuation, a level it maintained when it crossed above $207 a share last month. Since then the share price moved up to as high as $229.67 earlier this month, before embarking on a four-day slide prompted by some profit-taking, [...]
Chancellor Philip Hammond: Bank of England boss Mark Carney will remain in place until 2020 to ensure Brexit ‘continuity’ September 11, 2018 Bank of England governor Mark Carney will stay in post until the end of January 2020 to "support continuity" during the Brexit process, chancellor Philip Hammond confirmed today. There has been widespread speculation about whether the Canadian economist would extend his time in post, having been due to step down from the role in June [...]
Despite recent emerging market struggles, there are plenty of reasons to invest in India September 11, 2018 Of all the emerging market economies, China usually garners the most attention. And with China often hogging the limelight, India can be the neglected cousin. Yet, there are plenty of reasons for investors to get excited about this developing nation, particularly as Chinese growth slows down. Admittedly, the burgeoning trade war with the US creates [...]
Wage growth jumps in boost to Bank of England ahead of monetary policy decision September 11, 2018 The wages paid to British workers grew at the joint-fastest rate since the summer of 2015 in the three months to July, according to data published today which supports the Bank of England's contention that a tight labour market is finally pushing up pay. Average regular pay, which excludes bonuses, rose by 2.9 per cent [...]
Is the mighty ETH crumbling? September 11, 2018 This week I want you to think about ETH and whether it can survive it’s current downturn, and consider how this affects the projects you may have been eying. With ETH (the crypto currency of the Ethereum platform) currently falling below 200 dollars for the first time in a year, many are beginning to debate [...]
Offshore oil and gas firms concerned over record low drilling September 11, 2018 The UK’s offshore energy industry has expressed “serious concerns” over the recovery of the sector despite stable oil and gas prices as drilling activity looks set to drop to its lowest level since 1965. Oil and Gas UK, the representative body for the UK’s offshore firms, warned that capacity constraints could be felt across the supply chain [...]
New York regulator clears way for dollar-linked digital currencies September 10, 2018 New York state has approved two ‘stablecoins’, digital currencies which will have their value pegged directly to the dollar. The Gemini dollar, launched by the entrepreneur twins Cameron and Tyler Winklevoss, will allow users to send and receive US dollars using the ethereum blockchain. The Paxos standard, created by the startup Paxos, will be collateralised [...]