After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Lira and rand steady as emerging markets sell-off slows September 7, 2018 Struggling emerging market currencies the Turkish lira and South African rand have started to make a recovery after weeks of market turmoil. The lira was trading at 6.46 against the US dollar this afternoon while the rand rallied to 15.14 against the dollar after a testing few weeks for emerging market currencies. Read more: Turkey makes [...]
Sterling lifts as Barnier says Brexit can lead to ‘unprecedented’ UK-EU partnership September 7, 2018 Sterling climbed 0.89 per cent against the euro today after the EU’s chief negotiator sounded positive notes about the likelihood of the UK securing a Brexit deal. Michel Barnier said there were positive elements of Prime Minister Theresa May’s Chequers plan, which Brexiteers had previously dismissed as “dead in the water”, as a transcript of [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 | City Talk As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
Shoppers ditch high street in one of the worst Augusts on record for retail September 7, 2018 Shoppers ditched the high street in August, making it one of the worst months on record, new figures have shown. Sales dropped at their steepest rate for three years, accountancy and business advisory firm BDO said in its latest high street tracker, released today. The 2.7 per cent year-on-year decline also marked the seventh month in [...]
English whisky maker The Lakes Distillery considers IPO on London’s junior market September 7, 2018 English whisky maker The Lakes Distillery is mulling a listing on London's junior market, it revealed this morning. The company has appointed N+1 Singer as its nominated adviser and broker and convened a meeting to gain shareholder approval later this month. Lakes Distillery, which was founded in 2011, would look to raised up to £15m [...]
US tech firms ask Trump for Chinese tariff exemptions in ongoing trade war September 7, 2018 US tech giants have asked President Donald Trump’s administration for an exemption from new tariffs against China. With President Donald Trump set to reveal a fresh tranche of tariffs targeting $200bn (£154.6bn) of Chinese exports, Cisco, Dell, Hewlett Packard Enterprise and Juniper Networks urged the White House to whitelist components behind some of their products. [...]
A Brexit deal without services threatens the whole of Europe September 7, 2018 London and the UK have been at the heart of global shipping for over 300 years. During that time, the sector has seen empires built and dismantled, world wars fought, global power shift, and periodic financial crises. What has remained constant through the ages has been trade between nations, and the role of the maritime [...]
Hammond rows back on pledge to ease tax burden for self-employed workers September 6, 2018 Chancellor Philip Hammond has abandoned plans to give 3.4m self-employed people a tax break, it emerged earlier today. In a move to free up £350m for potential extra NHS funding, the Treasury is scrapping a tax cut that would have saved the UK’s self-employed workers an average £134. The relief had first been revealed in [...]
Sirius shares crash after warning Yorkshire mine costs climb by $600m September 6, 2018 Shares in Sirius Minerals have fallen sharply after the miner said it may need an extra $600m (£464m) to construct its new mine in Yorkshire. The company said the initial $3bn funding for its project to build the Woodsmith polyhalite mine under the North York Moors would also take longer to arrive than previously expected [...]
Impeach Trump? It wouldn’t affect the US economy one jot, says Barclays September 6, 2018 Impeaching President Donald Trump would have little to no effect on the fortunes of the US economy, according to Barclays. Trump said the economy would crash in the event of his impeachment, leaving everybody “very poor”, in an interview with Fox News last month. In reality, whether Trump sees out his four-year term in the [...]