After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Yes to Brexit: How the City is reacting to the EU referendum result June 24, 2016 So the UK has voted in favour of Brexit – pushing the pound down against other currencies, and hitting stocks. For the most part, the City came out against Brexit during referendum campaigning – which was reflected in the result of its vote: 75.3 per cent in favour of a Remain vote. And as the City woke [...]
S&P warns Britain likely to lose its AAA credit rating after Brexit June 24, 2016 Credit ratings agency Standard & Poor's has warned Britain could lose its AAA credit rating, after it voted for Brexit heralding a period of political, economic and financial uncertainty. Moritz Kraemer, chief ratings officer for S&P, reiterated that he expected the risks associated with the UK voting to leave the European Union will lead to a credit downgrade [...]
Trading suspended on Nikkei 225 as shares plummet after UK votes for Brexit June 24, 2016 Trading on the Japanese stock market was suspended this morning as the Nikkei 225 tumbled following the UK's vote to leave the European Union. The benchmark index dropped 8.3 per cent over night – dipping to its lowest level since the end of 2014 – as shares kept dropping as results from across the UK [...]
Prime Minister David Cameron and Bank of England governor Mark Carney to address the nation after UK votes to leave the EU June 24, 2016 Prime Minister David Cameron will address the nation this morning, after the UK voted to leave the European Union. The result of the long-awaited referendum defied polls, which has predicted that Britons would opt to remain in the EU. Bank of England governor Mark Carney will also deliver a speech today, following Cameron's comments. The [...]
This is the end of Cameron, Osborne and Carney, says former MPC member Danny Blanchflower June 24, 2016 Brexit will spell the end of Prime Minister David Cameron, chancellor George Osborne and Bank of England governor Mark Carney, economist Danny Blanchflower has warned. Speaking to City AM, the former BoE policymaker said: "Brexit will spell the end of David Cameron, George Osborne and Mark Carney because they just told us Brexit would be a disaster for [...]
EU referendum results: The map – Britain votes for Brexit June 23, 2016 David Cameron has announced his resignation after the Leave campaign stormed to victory in yesterday's European Union referendum. The final results showed a 51.9 per cent leave for the Leave campaign, while Remain was left with 48.1 per cent. This morning Cameron said he will continue in office for a "short spell", but added he [...]
Will Brexit put paid to the sector giving the next generation of British businesses a leg up? June 23, 2016 Today's vote, should it be to exit the European Union, is likely to have far reaching consequences – some potentially negative, but some potentially positive – for the alternative finance scene here in the UK. This market accounted for £3.2bn of investment into startups, scaleups and the “S” in SMEs in 2015, and is now an [...]
Business leaders spar in rowdy final debate ahead of tomorrow’s vote June 22, 2016 Business leaders locked horns over the impact of Brexit on the UK economy tonight, with the final debate before tomorrow's vote revealing a deeply divided TV audience. Stark warnings about the economic ramifications from the Treasury and the Bank of England took centre stage during the raucous debate in which veteran broadcaster Jeremy Paxman struggled to maintain control during a string [...]
Britain’s bright Brexit future: A trader’s perspective June 22, 2016 I have been working in the City since I left school at the age of 15 in 1968, so I think it’s fair to say I know a bit about finance. As the founder and chief executive of CMC Markets, an online trading company with a market cap of approximately £800m which entered the FTSE [...]
As German judges clear the ECB’s OMT crisis bond-buying scheme, is it a step forward for the Eurozone? June 22, 2016 Dr Holger Schmieding, chief economist at Berenberg, says Yes. The European Central Bank (ECB) is the lender of last resort for the Eurozone. By throwing out legal challenges to the ECB’s “whatever it takes” promise, Germany’s constitutional court filled the one decisive gap in the institutional setup of the Eurozone. In mid-2011, an irrational market panic [...]