Global stock markets jump as Trump announces meeting with China’s Xi Jinping June 18, 2019 Stock markets around the world have been boosted by US President Donald Trump’s announcement that he will meet President Xi Jinping of China for trade talks at next week’s G20 meeting in Japan. Read more: IMF head: US-China trade war biggest threat to global growth Trump had previously said that China would be slapped with [...]
Foreign candidates losing interest in UK finance over Brexit, says job company June 18, 2019 Foreign talent is turning its back on the UK financial sector, new analysis has revealed, raising the possibility of staffing problems at City firms. Read more: Businesses must ramp up no-deal Brexit plans, IoD warns According to job site Indeed, interest in UK banking jobs from abroad has dropped by 12 per cent since 2015. [...]
Pound continues losing streak as Boris Johnson plants foot inside Number 10 June 17, 2019 The pound continued to slide against the euro today, following six straight weeks of falls, as it looked increasingly likely that Brexiter Boris Johnson would become Britain’s next PM. Read more: Tory leadership race: Matt Hancock backs Boris Johnson Sterling had fallen 0.4 per cent against the single currency shortly after 5pm UK time to [...]
British Chambers of Commerce slashes UK 2020 growth prediction June 17, 2019 The British Chambers of Commerce (BCC) has today slashed its prediction for growth in the UK economy in 2020, blaming a slump in business investment and the unwinding of Brexit stockpiling. Read more: Pound falls as UK economy shrinks 0.4 per cent in April Growth in 2020 is now expected to be just one per [...]
Shanghai-London stock market connection finally launched June 17, 2019 The long-awaited London-Shanghai Stock Connect that links the two markets has been launched today, letting UK and Chinese companies sell shares on each others’ stock markets in a pioneering scheme. Read more: HSBC confirms it is exploring Chinese listing via new London-Shanghai link It marks the first time any foreign company will be able to [...]
Treasury Committee launches inquiry into regional inequality June 14, 2019 The Treasury Select Committee (TSC) has today launched a new inquiry into economic imbalances between the regions of the UK, it said. Read more: Pound falls as UK economy shrinks by 0.4 per cent in April The Committee raised the prospect of the government producing economic forecasts for each region of the country. Currently the [...]
Eurozone industrial production continues to decline in April June 13, 2019 Industrial production in the Eurozone fell by 0.5 per cent in April month on month as Germany’s manufacturing woes continued, official statistics revealed today. Read more: Eurozone investors gloomy as trade war continues to rage In the European Union industrial production fell by 0.7 per cent compared to March, with the UK the biggest faller [...]
Germany and Portugal sell 10-year bonds at lowest ever yields June 12, 2019 Germany today sold medium-term government bonds, or Bunds, at the lowest yield on record as the stalling European economy drove investors towards the safe assets. Read more: German manufacturing output falls but services push economy to growth Europe’s biggest economy sold 10-year Bunds – IOUs which will pay out in 10 years time – with [...]
Tax investigations into large UK companies now taking three and a half years June 12, 2019 Government tax investigations into large UK businesses are now taking more than three and a half years, according to international law firm Pinsent Masons. Read more: G20 vows to crack down on tech giant tax havens by 2020 The figure represents a 10 per cent rise from the time it took HM Revenue & Customs [...]
US inflation tepid ahead of Fed rates decision June 12, 2019 US consumer price inflation slowed in May, official data revealed today, in news that could add to pressure on the country’s central bank to cut interest rates. Read more: Trump attacks euro and repeats criticism of Fed The consumer price index (CPI) rose 1.8 per cent in May compared to a year earlier, down from [...]
