Prime Minister Theresa May is set to be the first leader to meet US President Donald Trump next week January 21, 2017 Prime Minister Theresa May will next week become the first foreign leader to meet US President Donald Trump, according to reports. May will fly to Washington as early as Thursday to meet the new President, according to the Daily Telegraph. With the UK close to formally starting the process of leaving the EU, politicians are keen [...]
Inauguration day crowds for Donald Trump don’t match up to those for Barack Obama or George W Bush January 21, 2017 US President Donald Trump took great joy during the election campaign in having high ratings, but it seems that crowd numbers for his inauguration may have been down on those of Barack Obama and George Bush. Thousands congregated around Washington's central landmarks to hear an inaugural address from Trump that promised to put "America First". [...]
Donald Trump as US President: The world reacts January 21, 2017 Donald Trump will wake up later as US President. Here’s how the world’s papers reacted to a speech which changed little of the rhetoric from the campaign trail. With three former Presidents sitting behind him, including Barack Obama, Trump’s speech repudiated much of their legacy, whether Republican or Democrat. He vowed once more to bring [...]
London banking job losses will be “small” according to chancellor Philip Hammond January 20, 2017 Chancellor Philip Hammond has said job losses at banks in the UK after Brexit will be “small”, after earlier calling for the maximum possible reciprocal trade access with the EU. Multiple international banks have announced they are considering moving jobs out of the UK in recent weeks, with London’s dominant financial services sector under threat. [...]
Former chancellor George Osborne set for role at world’s biggest asset manager, BlackRock January 20, 2017 Former chancellor George Osborne is set to take a job at BlackRock, the world’s biggest asset manager. The company has announced Osborne will join as a part-time senior advisor to the BlackRock Investment Institute, a research arm of the asset manager. Osborne will start on 1 February with a role focused on European politics, China's economy, [...]
ECB president Mario Draghi is under investigation over allegations he played a part in an elite group of global bankers January 20, 2017 European Central Bank (ECB) president Mario Draghi is set to come under investigation by an EU body after a complaint over his membership of an elite group of bankers from around the world, including JP Morgan, UBS and Credit Suisse. The European Ombudsman, which follows up complaints by EU citizens over maladministration, will investigate whether [...]
US dollar edges up as commenter in chief Donald Trump prepares for office January 20, 2017 The US dollar has rallied ahead of the inauguration of Donald Trump, contributing to weakness in sterling and the euro. Bond yields on US Treasuries also rose. The dollar index against a basket of other currencies rose as much as 0.6 per cent from its low point at the start of European trading. The pound [...]
Investors move to risk-off mode ahead of Donald Trump’s inauguration January 20, 2017 Investors around the world have moved into risk-off mode ahead of the inauguration of Donald Trump as US President, with money flowing towards safe-haven gold funds over the last week. Flows towards gold funds hit a 10-week high, while dividend equity funds have seen outflows for the past month, according to data provider EPFR. Indeed, [...]
Philip Hammond calls for maximum trade access to EU for the UK after Brexit January 20, 2017 Chancellor Philip Hammond has called for the UK and the European Union to maximise trade access through a "suite of free-trade agreements" to avoid economic harm to both parties. He also said highly skilled immigration will not be limited. Hammond said he thinks there is a "shared ambition to get to an end state arrangement that will mean [...]
Brexit hit to operations expected by institutional investors but they will continue to hold UK assets, according to “Brexometer” January 19, 2017 Big institutional investors think Brexit will change their operating models but are determined to hold on to UK assets despite fears of a slowdown, according to a new survey. Of the institutional investors surveyed by State Street for its new “Brexometer” poll, 80 per cent expect Brexit to impact their operations, as the UK faces [...]
