Federal Reserve’s William Dudley sees inflation staying low despite rise in hiring September 22, 2014 Unemployment can continue falling to unusually low levels without risking dangerously high inflation, Federal Reserve policymaker William Dudley said yesterday. Inflation has been running below the Federal Reserve’s target for more than two years, meaning there may be more room than expected to allow growth to surge before any rate rises. Dudley is already considered [...]
Italy slows euro growth September 22, 2014 GLOOMY European consumers and weak Italian industry are dragging the Eurozone even further from recovery, new data showed yesterday. The European Commission’s consumer confidence index continued its decline into September, falling to minus eight from this year’s high of minus 4.1 in May. Italy’s industrial orders index showed a fall of 1.5 per cent in [...]
China slowdown hits high fashion and miners September 22, 2014 CONCERNS of a continuing slowdown in China hit shares of a wide and diverse range of major global firms yesterday, from high fashion chains to huge mining companies. Shares of Italian fashion brand Prada fell to their lowest in 26 months during trading yesterday on fears of weaker consumer demand growth in China, a key [...]
The N@ked $hort Club: Dr Stu lets us swim in his hedgie psychedelic soup September 22, 2014 What do you get when you combine dense hedge fund debate, poetry and psychedelic music? Well, as The Capitalist can now confirm, something rather wonderful is the answer. It’s called The N@ked $hort Club and it’s a radio show broadcast each Monday on Resonance FM. Last night, larger-than-life host Dr Stu invited The Capitalist [...]
Former Investec banker joins the crowd(funders) with CrowdShed September 22, 2014 Crowdfunding is the trend that just keeps giving and now one of the City’s own is striking out of banking and launching his own crowdfunding platform called CrowdShed. The person in question is ex-Investec, ex-Liberum investment manager Henry Freeman (pictured) and having handed in his notice at Investec almost exactly a year ago – his [...]
UK house prices soar as lack of homes fuels cost of living crisis September 22, 2014 House building in the UK has been in a continual state of decline since the 1970s, making it harder to own a home and to pay rent, according to a report released yesterday. In the several years preceding the financial crisis, just under 200,000 houses were completed per year – half the number that [...]
US data storage colossus EMC looking to rivals HP and Dell as possible merger targets September 22, 2014 EMC, the biggest maker of corporate data storage equipment, reportedly held merger talks with rivals Hewlett-Packard (HP) and Dell. Under pressure from an activist shareholder and the expected retirement of its longtime chief executive, the company is exploring options including a sale, according to the Wall Street Journal. Merger talks between HP and EMC, which [...]
WPP investing $25m in adtech September 22, 2014 ADVERTISING giant WPP yesterday announced it had taken a $25m (£15.3m) stake in AppNexus, the world’s largest independent adtech provider based in New York. AppNexus’s technology lets marketers, publishers, content providers and media investment management firms to buy and sell digital advertising, which delivers 30bn impressions a day. WPP said the investment would cement its [...]
London Mining and Glencore share prices hit by dispute over contract payment September 22, 2014 London Mining has accused Glencore of non-payment of an iron ore contract between the two mining firms, hitting shares in both companies hard yesterday. Shares in Aim-listed London Mining plummeted over 10 per cent yesterday to close at an all-time low of 23.25p, while giant mining company Glencore saw its shares fall nearly five per [...]
Velocys share price hits high note after patent win over CompactGTL September 22, 2014 A High Court patent case between two energy companies providing conversion of natural gas into liquid fuel was settled in favour of Velocys yesterday over its rival CompactGTL. The patent case victory sent shares in Aim-listed Velocys 5.2 per cent higher during trading yesterday to hit a record high of 248p, before falling back to [...]