City A.M. Unregulated podcast, episode 7: Is now the time to invest in gold? May 13, 2016 We know all that glitters isn't gold – but right now, with prices hovering around a 15-month high, is now the right time to start getting into the yellow stuff? Joining hosts Emma Haslett and Zak Mir are Women in Mining Chair Amanda Van Dyke and Capital Markets professional Bonnie Hughes, who explain how to get started [...]
EU referendum: Brexit threat doesn’t explain economic woes May 13, 2016 June 24th will be a day of revelation. Depending on your perspective, London will either be freed from the shackles of a sclerotic European Union, or the fog of uncertainty will be lifted by a Remain vote, triggering a flood of welcome investment. Those are the cheery viewpoints, at least. Striking a less positive note, Bank [...]
Carney ignites recession row with Brexit warning May 13, 2016 Bank of England governor Mark Carney sparked an intense political row yesterday after he said that a vote to leave the European Union could plunge Britain into recession. Former chancellor Lord Lamont slammed Carney’s “unwise” choice of words, while two Conservative members of the influential Treasury Select Committee – which is appointed by Parliament to [...]
Brazilian President Dilma Rousseff stands down ahead of impeachment trial May 12, 2016 Brazil's Senate has brought down President Dilma Rousseff, after they voted strongly in favour of putting the embattled politician on an impeachment trial. Following a marathon overnight debate, senators voted 55-22 to try Rousseff for breaking budget laws. The rules mean Rousseff has been suspended from office ahead of her trial. Read more: Rousseff's impeachment is Brazil's [...]
Former chancellor says Carney’s Brexit intervention could trigger an economic crisis May 12, 2016 Former chancellor of the exchequer Lord Lamont has warned Mark Carney that his Brexit warnings could spark an economic crisis. The Conservative politician, who is now part of the official campaign group, Vote Leave, said the governor of the Bank of England should choose his words more carefully as he dismissed Carney's claims that Brexit was the most significant risk [...]
TalkTalk profits show fallout from last year’s cyber attack May 12, 2016 TalkTalk shares ticked up 1.3 per cent to 275p per share this afternoon, as the telecoms group said it was starting to recover from last year's cyber attack. The figures TalkTalk's revenue was broadly flat at about £1.8bn in the 12 months to 31 March. The cost of last year's cyber attack was laid bare in its pretax [...]
Brent crude and WTI: US oil prices soar to new 2016 high May 12, 2016 US oil prices shook off earlier losses to hit their highest level so far this year, buoyed by a shock drop in US oil stocks. West Texas Intermediate crude, the US benchmark, added one per cent to $46.7, having hit $46.9 earlier in the day. Brent crude, the global benchmark, rose 0.8 per cent to $48 per [...]
EU referendum: Brexit could plunge UK into recession, claims Bank of England governor Mark Carney May 12, 2016 A vote to leave the European Union could plunge the UK into recession, Mark Carney warned today. The Bank of England governor said the the effects of Brexit "could possibly include a technical recession" as the Bank said a vote to Leave would lead to a "material" slowdown in growth, lead to higher unemployment and higher [...]
Carney’s warning of a Brexit recession sparks war of words between Threadneedle Street and former Chancellor May 12, 2016 The Bank of England has warned that leaving the European Union could trigger a recession, lead to a jump in inflation, higher unemployment and a “sharp” depreciation in the value of sterling. Threadneedle Street issued its most hard-hitting analysis of the likely effect of Brexit in the final Super Thursday before the referendum on 23 June, [...]
IEA: Global oil oversupply to shrink “dramatically” this year May 12, 2016 The International Energy Agency expects the global oversupply of oil to shrink "dramatically" this year. In its monthly report released today, the IEA said: "We note that OECD stocks grew in first quarter of 2016 at the slowest pace since last quarter orf 2014 and in February they declined for the first time in a year." [...]