After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Outlook 2020: Global economy December 16, 2019 | City Talk The global economy should perform better in 2020, underpinned by a US-China trade truce and lower interest rates, Schroders’ chief economist Keith Wade explains. We recently upgraded our 2020 global growth forecast to 2.6 per cent, due to prospects of a “phase one” US-China trade deal and lower US interest rates US interest rate cuts [...]
US trade representative: Phase one of deal is ‘totally done’ December 16, 2019 The first phase of a US-China tariff deal is “totally done”, according to US trade representative Robert Lighthizer. Last night Lighthizer said there would be some routine “scrubs” to the text but “this is totally done, absolutely.” Read more: Trump: US to suspend tariffs Speaking on CBS’ “Face the Nation”, he said that a time [...]
Premier Oil pushes back over claims firm is under pressure to sell assets December 15, 2019 UK exploratory firm Premier Oil today pushed back against claims that it is under pressure from its lenders to sell of its assets as the repayment date for $2.6bn (£1.9bn) worth of loans approaches. The Sunday Telegraph reported that a group of hedge funds, which own in total around 40 per cent of Premier’s loan [...]
Bank of England set to hold interest rate ahead of next governor announcement December 15, 2019 The Bank of England is this week expected to hold interest rates at 0.75 per cent, despite pressure from some quarters for a further quarter-point cut. On Thursday the Bank’s nine-member monetary policy committee, which is responsible for setting the interest rate, will announce its decision. Read more: Mark Carney appointed UN climate envoy ahead [...]
UK stocks and sterling surge after Conservative election win shuts out Labour December 13, 2019 UK stocks surged today after the Conservatives secured a decisive majority in the General Election, boosted by rallying retailers, housebuilders and utility firms. The FTSE 100 index climbed over one per cent in morning trading, but was held back slightly by a strong sterling, while the FTSE 250, however, leapt as much as four per [...]
City reacts: Business ‘eager for clarity’ after Boris Johnson’s election victory December 13, 2019 As Boris Johnson enjoys his General Election victory, business leaders have woken bleary eyed – but largely satisfied – with the news. For many, it was a sigh of relief, after London business groups had strongly opposed Labour’s policies of renationalisation and higher taxation. Sterling surged last night, settling around $1.347, while the FTSE 100 opened 0.8 [...]
US stock markets rise as Donald Trump says China deal ‘VERY’ close December 12, 2019 New York’s stock markets have opened higher after President Donald Trump tweeted that the US is “VERY close to a BIG DEAL” with China. The excited Twitter outburst marks a turnaround from Trump’s views of the situation last week, when he said he would happily wait until after the late-2020 US presidential elections to strike [...]
Not a hawk or dove but ‘an owl’: Christine Lagarde holds rates at first meeting December 12, 2019 Christine Lagarde has begun her rein at the European Central Bank (ECB) with a promise not to be a hawk, nor a dove, but an owl, “associated with a little bit of wisdom”. The pledge came as the ECB kept interest rates on hold at record lows and downgraded its 2020 growth forecast for the [...]
Former SJ Berwin lawyer bags £23m fortune through float of consultancy MJ Hudson December 12, 2019 A former SJ Berwin private equity partner has today made a £23m paper fortune after the asset management consultancy he founded went public in a £100m float on London’s junior market. Matthew Hudson founded MJ Hudson in 2010 after a career as a private equity lawyer at now-defunct City firm SJ Berwin and US law [...]
European stocks creep higher ahead of General Election December 12, 2019 European shares edged higher this morning as investors await the result of a momentous British election, as well as the outcome of Christine Lagarde’s first policy meeting as head of the European Central Bank (ECB). The Conservatives are expected to win a majority of seats in the next parliament, but a poll released last night [...]