After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
IMF raises fresh alarm over Chinese debt time bomb June 14, 2016 Excessive Chinese borrowing is one of the most serious threats to the world economy, the International Monetary Fund (IMF) has declared, as it urged policymakers to press ahead with reforms. Concluding its annual health check of the world’s second biggest economy, the IMF said getting a grip of the debt problem — particularly in the [...]
At the close: £30bn wiped off FTSE 100 as Brexit fears mount June 14, 2016 Financial markets were plunged into turmoil today as the latest Brexit opinion polls sent investors running for the hills, wiping tens of billions off the value of the UK's leading companies. The FTSE 100 shed two per cent to end the day at 5,923.53 – its lowest close since 24 February – knocking roughly £30bn [...]
Pride in London 2016: The Bank of England will fly the rainbow flag for the first time this year, but the FCA has started celebrating already June 14, 2016 The Square Mile is catching Pride fever. News reaches the Capitalist from the Bank of England that the annual celebration of the LGBT community in London is going to be extra special this year. The Bank of England is making LGBT history by flying the rainbow flag over its building for the first time next weekend. [...]
European Central Bank to do “whatever it takes” to limit turmoil following Brexit vote June 14, 2016 Europe's top central bankers are ready to announce they will do "whatever it takes" to contain the spillover of Brexit on the financial markets. The European Central Bank (ECB) is reportedly preparing to make a high-profile pledge on 24 June in the event that the UK votes to leave the EU to provide as much assistance as possible to [...]
Muted demand for extra sterling in Bank of England special auction June 14, 2016 UK lenders tapped up the Bank of England for an extra £2.5bn worth of cash in the first of a series of extra liquidity auctions ahead of the EU referendum. Threadneedle Street has added three extra rounds to its monthly bout of asset-swapping with UK banks, where it lets them get their hands on currency reserves [...]
Inflation holds steady for another month but economists expect movement after 23 June – whatever the result June 14, 2016 Inflation remained stuck near record lows in May as cheaper clothes, food and entertainment offset the effects of rising fuel costs. Prices went up by 0.3 per cent over the year, as measured on the consumer prices index (CPI), according to figures released by the Office for National Statistics (ONS) this morning. That was unchanged from [...]
What will central banks do next? Prepare for more unconventional monetary policy, experts warn June 14, 2016 Eight years since the global financial crisis, and central banks are still experimenting with ever-more unusual ways to fire up their economies. “We have had QE money printing, QE involving corporate bonds, very cheap loans to banks, and in the US they have been buying up troubled assets,” explains Jim Leaviss of M&G Investments. But despite [...]
Brexit concerns prompt market’s fear index to hit highest level in three months June 13, 2016 Wall Street’s CBOE Market Volatility Index (Vix) aka the Fear Index crossed the 19-level for the first time since 10 March thanks to jitters in the global market including Brexit concerns. Vix, a yardstick for measuring fear or volatility in financial markets, added 2.56 points or 15 per cent to 19.59. Factors that affected the index [...]
Euro 2016: Where to watch the UEFA European Championships in London with a touch of glamour June 13, 2016 Many football fans are content with heading to their nearest boozer to watch the latest Euro 2016 action, but some City folk might want a venue that’s a bit more flash. Whether you're a City fund manager or a Canary Wharf banker, be sure to watch the beautiful game with a touch of glamour. Steam & Rye Minutes [...]
Say what you like about the EU referendum – but Brexit isn’t going to hit UK house prices June 13, 2016 Why leaving or staying will have no impact on house prices In the run-up to next Thursday’s referendum, there have been some flabbergasting claims made by both sides. Suppositions made include the premise that leaving the European Union would lead to war and recession (although it was not made clear in what order these will [...]