After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Lira continues decline as emerging market currencies struggle August 30, 2018 The Turkish lira has continued to decline today as it fell almost five per cent to 6.78 against the dollar. It is the fourth day of decline in a row for the currency, which has lost almost 40 per cent of its value against the dollar this year, as neither Washington nor Ankara backs down over a crisis [...]
Dating app Grindr is planning an overseas IPO August 30, 2018 The Chinese owner of gay dating app Grindr has revealed plans to spin off the company and list it on an overseas bourse. Kunlun Technology, which bought a 61.5 per cent stake in Grindr in 2016 before acquiring the remainder in January this year, published news of Grindr's upcoming initial public offering (IPO) overnight on [...]
Argentina calls for early release of $50bn IMF support as crisis deepens August 30, 2018 Argentina has requested the early release of a $50bn (£38.5bn) credit line from the International Monetary Fund (IMF) after the peso hit new lows amid a deepening financial crisis. The value of the Argentine peso toppled yesterday, prompting the government to call on the IMF to speed up access to the funding in a bid to raise [...]
Hays helped by international business August 30, 2018 | City Talk Hays reported a 15% jump in full-year operating profit to £243.4 million, which was slightly ahead of the £240.9 million expected by analysts. Net fees for the year ticked up by 12% to £1.07 billion. The core dividend and the special dividend were hiked by 18% each. The company had a ‘landmark year’ as it [...]
Hunting’s share price shoots up as oil giant leaps from loss to profit August 30, 2018 British-based oil and gas supplier Hunting’s shares jumped more than 10 per cent in early morning trading as the firm moved into the black for the first half of the year. The FTSE 250 firm reported profit from operations of $38.9m (£29.8m) in the first six months of 2018, compared with a loss of $23.9m [...]
Politicians have abandoned economics for paternalism August 30, 2018 Have advocates of lifestyle and environmental regulation given up pretending that the policies they advocate are grounded in good economic analysis? Two stories from last week suggest so. The first was reporting around a new study by the Global Burden of Disease project, which concluded that even moderate drinking increases the risk of alcohol-related health [...]
DEBATE: Does the shock resignation of the French energy minister prove that Macron’s regime has lost its shine? August 30, 2018 Does the shock resignation of the French energy minister prove that Macron’s regime has lost its shine? Adam Bartha, director of Epicenter, says YES. It’s hard to lose something that you haven’t had for a while, but Nicolas Hulot’s resignation in protest of Emmanuel Macron’s agenda shows what we should already have known. The French [...]
Apache slammed for using trainees to cover offshore shifts in the North Sea August 29, 2018 Oil firm Apache has been slammed by the UK's health and safety watchdog for using trainees and apprentices to cover shifts on an offshore North Sea platform. According to the Health and Safety Executive (HSE), Apache has been "significantly failing" to meet standards on its Beryl Bravo platform north-east of Aberdeen. Read more: Petrofac wins major [...]
G20 imports and exports fall for the first time in two years August 29, 2018 G20 international merchandise trade has fallen for the first time in two years, figures published today show, due to the "significant depreciation" of several currencies against the dollar. Imports to the world's major economies dropped by 0.9 per cent in the second quarter of this year, and exports fell by 0.6 per cent, according to the Organisation [...]
US economy grows even faster than first thought August 29, 2018 The American economy expanded at a faster rate than previously thought in the second quarter, according to updated figures published today. US GDP rose at an annual rate of 4.2 per cent in the second quarter, the Bureau of Economic Analysis (BEA) said, an upgrade from the first estimate of 4.1 per cent. The US [...]