The City could soon get a £5m “ring of steel” to protect it from vehicle-based terror December 24, 2016 A £5m "ring of steel" surrounding London's Square Mile could be installed to protect the City from terrorist attacks. Measures including manned checkpoints, rising steel bollards and crash-proof barricades has been proposed by the City of London Corporation on the advice of Mi5 and counter-terrorism police. The proposed security ring will surround Liverpool Street, the [...]
Are world stockmarkets good value going into 2017? December 22, 2016 Global stock markets have seen a turbulent year, but surprised many with the resilience shown after the Brexit vote and the US presidential election result. Both the US and UK markets are significantly ahead of where they started the year, as is Japan, although Europe – which faces a series of major elections in 2017 [...]
Are world stockmarkets good value going into 2017? December 22, 2016 Global stock markets have seen a turbulent year, but surprised many with the resilience shown after the Brexit vote and the US presidential election result. Both the US and UK markets are significantly ahead of where they started the year, as is Japan, although Europe – which faces a series of major elections in [...]
Standard Chartered Bank’s Thai unit offloads retail banking arm to Tisco Bank and All-Ways December 22, 2016 Standard Chartered's Thai unit has agreed to offload its retail banking business to Tisco Bank and All-Ways Company, both units of Thai group Tisco Financial. The move continues chief executive Bill Winters' plan to boost earnings through restructuring. Standard Chartered announced in November last year that it would divest businesses that lacked a competitive advantage in a [...]
Editor’s 2016 review: It’s been a year of momentous political change, but there’s every reason to look to the future December 22, 2016 Attempting to reflect such an extraordinary year with just a handful of our own front pages was always going to be difficult, but I thought we’d give it a go. The front page of City A.M. is (to borrow a phrase from our marketing department) the front door of our brand. The choice of splash, [...]
Does ultra-loose monetary policy work? The Treasury Committee wants to find out December 22, 2016 The Bank of England’s (BoE) post-financial crisis loose monetary policy may have had “unintended consequences”, according to the head of the Treasury Select Committee (TSC). TSC chair and Conservative MP Andrew Tyrie is set to launch a new inquiry into post-2008 central bank policy, which will investigate how effective low interest rates and accommodative instruments such [...]
Meet Tom Vernon, the former Manchester United scout and founder of Africa’s top football academy out to turn the sport on its head December 21, 2016 There is something extraordinary about the union between FC Nordsjaelland, an unremarkable Danish first division football club to the north-west of Copenhagen, and the Right To Dream academy in Ghana. It is not just because the club, from the modest 19,000-person town of Farum, is some 5,000 miles away from Right To Dream’s football-oriented residential [...]
Long-term inflation expectations reach a two-year high of three per cent as Brits start to feel prices rise December 21, 2016 Inflation expectations have jumped to a two-year high as Brits predict it will reach three per cent in five to 10 years, according to a widely followed survey. Long-term expectations this month are up from 2.8 per cent in November, according to the poll by YouGov for Citi. This is the fifth month of increases [...]
The death of cash, the rise of trade unions and other eclectic 2017 predictions December 21, 2016 It’s certainly been an eventful year. But rather than dwell on the past, what sort of things can we expect in 2017? Here are a few eclectic predictions. Sweden may become the world’s first cashless economy. Notes and coins are already fast disappearing as a means of payment, and retailers are legally entitled to refuse to [...]
Donald Trump could be the “wildcard” to upset Asia growth in 2017 says Goldman Sachs December 20, 2016 Donald Trump could be a “wildcard” for economic growth across Asia in the coming year, according to Goldman Sachs. The President-elect’s apparent protectionist policies could harm nations relying on exports to the US, but his likely fiscal stimulus is set to drive US growth higher, the bank says in its 2017 macroeconomic outlook. “For a [...]