London’s top indexes snap back sharply after bruising sessions March 9, 2022 London’s top indexes snapped back yesterday after booking heavy losses due to fears over the economic fallout of the Russia-Ukraine war sending investors fleeing. The capital’s premier FTSE 100 index soared 2.79 per cent to above 7,000 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Market cap of gold backed crypto tokens surpasses $1bn March 9, 2022 Demand for gold is booming against a turbulent geopolitical backdrop - gold backed crypto tokens are proving to be no exception.
The City View: Energy market volatility March 9, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Nicholas Earl about volatile energy prices potentially becoming even more so; inflation forecasts, rising consumer prices and what the Bank of England will do vis-à-vis rate hikes; and yesterday’s nickel big short and its impact on the London Metal Exchange. Andy also goes through [...]
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
How stock markets perform after heavy falls March 9, 2022 While public attention has understandably focused on the grave humanitarian consequences of the invasion of Ukraine, global markets have reflected investors’ concerns about financial and economic impacts. Our live blog on the Ukraine crisis will be updated regularly throughout the week, it can be found here. To date the current crisis has seen major markets fall [...]
The A-Z of wine: D is for… Douro March 9, 2022 HOW DO YOU PRONOUNCE DOURO? doer-oh WHAT’S THIS THEN? An iconic, strikingly beautiful Portuguese wine region, best known for being the home to Port, the fortified wine that we all claim to love, yet usually only buy once a year. More specifically, the Douro is the wine region around the river of the same name [...]
IoTeX teams up with Google Cloud to accelerate global expansion March 9, 2022 IoTeX and Google Cloud have announced they are collaborating in the blockchain platform’s pursuit of global expansion.
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]
LME considers clampdown on short-selling with nickel trading still suspended March 9, 2022 The London Metal Exchangeis weighing up short-selling reforms following a nickel surge which plunged the market into chaos.
London law firm BCL Solicitors sent legal threats to Foreign Office on behalf of Russian oligarch March 9, 2022 London law firm BCL Solicitors has been named as one of the law firms that sent letters to the Foreign Office, on behalf of Russian oligarchs seeking to challenge the government’s sanctions regime. In a written response to Labour MP Margaret Hodge, Conservative minister James Cleverly said BCL Solicitors had sent letters to the Foreign [...]
