After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Interest rates unlikely to rise in 2020, says ECB policymaker Robert Holzmann December 28, 2019 A European Central Bank policymaker has said it is unlikely interest rates will be lifted back into positive territory next year. Robert Holzmann cited Brexit as being likely to cause renewed concern toward the end of 2020. Read more: New ECB president Legarde tells governments to hite spending to tackle downturn The governing council voted [...]
Boxing Day shopping slump as retailers suffer sharp decline in footfall December 28, 2019 Boxing Day shopping footfall fell at its steepest rate in nine years due to rain and Black Friday deals. In the period up until noon on 26 December, footfall was down by 10.6 per cent on the same period as a year ago, according to data company Springboard. It was the biggest decline since 2010, [...]
Global shares on the rise in end of year rally December 28, 2019 Global markets scaled records on Friday as the prospect of growth was raised by optimism surrounding a US-China trade deal and strong Chinese economic data. Wall Street saw all-time highs early on Friday before losing steam at the session’s close, with the Nasdaq losing some ground. The Dow Jones rose 23.87 points in total, or [...]
FTSE 100 rises on positivity over US-China trade deal December 27, 2019 The FTSE 100 rose for the eleventh straight session this morning, as traders were cheered by positive signs over a US-China trade deal. London’s main index, which is on its best run in three years, adding 0.4 per cent. Miners provided the biggest boost, as Glencore and BHP rose about two per cent each. Read [...]
EU may need to extend trade deal talks with UK, says von der Leyen December 27, 2019 The European Union may have to extend the deadline for talks over a new trading relationship with Britain, according to European Commission President Ursula von der Leyen. Von der Leyen told French paper Les Echos that both sides need to think seriously about whether there is enough time to negotiate a new trade deal. Read [...]
Oil prices rise on renewed hopes of US-China trade deal December 26, 2019 Oil prices lifted this morning as markets responded to a potential breakthrough in US-China trade talks and production cuts by producer group Opec. Brent crude rose 11 per cent to $66.23 a barrel in early trading, while West Texas Intermediate was up 0.25 per cent at $61.26. Read more: Shell takes $2bn hit amid slowing [...]
City A.M.’s Christmas quiz: How well do you remember 2019? December 26, 2019 Hello and welcome to City A.M.’s Christmas quiz of 2019! You’ve eaten more than your fill of turkey, endured your uncle’s excruciatingly detailed explanation of his plans for a new shed, and played as many games of charades as you can possibly manage without exploding at your cousin, who has apparently never seen Jaws. So [...]
Anglo American gets crucial permit to boost mining dam in Brazil December 24, 2019 One of Anglo American’s largest mines will remain open after the commodities giant won a crucial permit to continue adding waste to a facility in Brazil. The blue-chip company has had to endure a delay of several months to obtain the license for the “tailings” dam at Minas-Rio in Minas Gerais state, having increased the [...]
European stocks rally as Boris Johnson’s Brexit deal is approved December 21, 2019 European stocks came close to a record high on Friday following a vote on Boris Johnson’s Brexit deal in Parliament. The Prime Minister’s deal was passed in a second reading in the House of Commons, which now makes the UK’s exit from the EU on 31 January increasingly likely. Read more: UK stocks surge as [...]
UK GDP growth revised up but ‘shows underlying slowing of economy’, ONS December 20, 2019 A revised estimate showed UK gross domestic product (GDP) grew by 0.4 per cent in the third quarter of 2019 showing an underlying slowing of the UK economy. This was higher than the expected 0.3 per cent but reflected high domestic and global uncertainty, the Office of National Statistics (ONS) said today in its quarterly [...]