After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Putin and Erdogan launch Turkstream oil pipeline January 8, 2020 Russian president Vladimir Putin and his Turkish counterpart Recep Erdogan today opened the Turkstream oil pipeline in Istanbul. The 930km pipeline, which crosses the Black Sea, will carry oil to southern Europe in a move that will allow Russia to reduce its shipments via Ukraine. Read more: Russian pipeline Nordstream 2 gets final approval In [...]
UK productivity creeps up but crisis continues January 8, 2020 The UK’s long-running struggle with productivity showed little sign of ending today when official figures revealed output per hour worked grew only marginally in the third quarter of 2019 following four successive quarters of falls. Productivity grew by 0.1 per cent in the July to September period of last year compared with the same period [...]
NMC Health stocks fall after $490m sell off flagged by major shareholders January 8, 2020 NMC Health’s stock price plummeted this morning after news that two of its controlling shareholders were looking to offload $490m (£373.53m) of shares. Shares in the healthcare company are down 14 per cent to 1283p as the market reacted to a statement saying Mohamed al-Qebaisi and Khalifa Butti al-Muhairi were looking to offload their substantial [...]
EU chief von der Leyen: Time too short for comprehensive post-Brexit deal by 2021 January 8, 2020 The new head of the European Commission has said there will not be enough time for the UK and European Union to reach a comprehensive trade agreement by the end of 2020, saying the two sides “must prioritise”. However, in a broadly conciliatory speech at the London School of Economics this morning, she said the [...]
What the return of Middle East tensions could mean for markets January 8, 2020 | City Talk Last week’s assassination of Qassem Soleimani, the head of the Iranian Revolutionary Guards’ overseas forces, has reignited tensions in the Middle East and sent tremors through asset markets. The oil price has risen sharply to over $70 a barrel at the time of writing, amid concerns that tensions in the region will impact supply. Meanwhile, [...]
The changing face of income January 8, 2020 | Sponsored Henderson High Income Trust celebrated its 30th anniversary in 2019, having launched in 1989. This was the same year that Tim Berners-Lee invented the World Wide Web. Given Henderson High Income provides shareholder with a high dividend income by predominately investing in UK companies, this article looks at how the internet has led the UK market [...]
Central banks running low on ammunition to fight recession, Mark Carney warns January 8, 2020 Central banks may not be able to fight off a sharp economic downturn because their monetary policy arsenals are still depleted following the global financial crisis, outgoing Bank of England Governor Mark Carney has warned. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had and I’m [...]
Chinese investment in Europe and North America slumps to nine-year low January 8, 2020 Chinese investment in Europe and North America hit a nine-year low in 2019, new analysis has shown, as Beijing focused increasingly on the domestic economy and geopolitical tensions hurt capital flows. Chinese foreign direct investment in Europe tumbled 40 per cent in 2019 and fell 27 per cent in the US, analysis from law firm [...]
South American tribe tries to block £240m Amerisur takeover January 7, 2020 A London law firm is acting on behalf of a Colombian tribe in an attempt to block the takeover of Amerisur Resources by a larger energy firm. Leigh Day, which is representing members of a tribe who live by Colombia’s Putumayo river, has tried to secure an injunction against Geopark’s £240m acquisition of Amerisur, which [...]
S&P says UK banks will ‘ease’ rather than ‘roar’ into 2020s January 7, 2020 US credit rating agency Standard & Poor’s (S&P) has predicted UK banks will “ease” rather than “roar” into the 2020s as low interest rates, technological disruption and political risks present new challenges to the sector. British lenders had a torrid 2019, with expensive misconduct charges denting their balance sheets and Brexit uncertainty casting gloom over [...]