China hopes to secure trade deal with US ‘as soon as possible’ December 9, 2019 China said it hopes to secure a trade deal with the US “as soon as possible”, raising hopes of a breakthrough ahead of a fresh round of intense negotiations this week. Assistant Commerce Minister Ren Hongbin told reporters this morning that Beijing hopes to reach a trade agreement with the US that will satisfy both [...]
Eight things investors need to know about energy storage December 6, 2019 With renewable energy growing in importance, effective storage will be vital. And as costs continue to decline, the potential to achieve growth could be huge. Why is the roll out of energy storage so important for achieving the Paris Agreement targets? Decarbonising the electricity supply will require a huge expansion of renewables to replace thermal [...]
FTSE 100 opens higher as China tariff waiver raises hopes of trade truce December 6, 2019 The FTSE 100 bounced back in early trading today as China’s decision to roll back tariffs on some US exports raised hopes of a pre-Christmas trade war truce. London’s blue-chip index was up roughly 0.8 per cent to 7,195.1 points this morning as traders reacted to developments in Beijing. Read more: Global growth to pick [...]
Chinese power firm Sdic delays London listing on market conditions fears December 4, 2019 Leading Chinese power generation firm Sdic Power today announced it would delay listing 10 per cent of its shares as global depositary receipts on the London Stock Exchange (LSE) due to “market conditions.” In a statement, the company said it “believes this is a prudent decision and is in the best interests of its existing [...]
European stocks have worst day in two months after fresh Donald Trump tariffs December 2, 2019 European stock markets suffered their biggest fall in two months today, after US President Donald Trump slapped tariffs on Brazil and Argentina and fears were raised over a trade-war escalation with China. Britain’s FTSE 100 finished 0.8 per cent down, hitting a one-week low. Germany’s Dax index and France’s CAC 40 both tumbled two per [...]
FTSE 100 climbs higher as China manufacturing PMI offsets US-China trade war doubts December 2, 2019 Strong Chinese manufacturing PMI pushed the FTSE 100 higher today despite a lack of progress between the US and China on a trade deal. London’s blue-chip index rose to 7,395.5 points in early trading, up 0.67 per cent. Read more: Asian stocks climb as Chinese manufacturing PMI improves France’s Cac climbed 0.65 per cent to [...]
Asian stocks climb as Chinese manufacturing PMI beats expectations December 2, 2019 Major Asian markets showed gains on December’s first trading day after a welcome surprise from Chinese factory data. The Nikkei 225 rose one per cent on Monday, its highest increase in a month, as data showed that Chinese manufacturing and domestic demand grew, suggesting Beijing’s stimulus measures are beginning to have an effect. Read more: [...]
Social media lessons from TikTok, Tencent and Weibo December 2, 2019 The average consumer would be forgiven for not knowing their Tencent from their Sina Weibo. In fact, it’s unlikely that they have heard of either platform. Yet these are two of the biggest social media companies in the world, bringing in billions in revenue each year. From transferring money, playing games, and even booking doctors [...]
China rages after Trump signs bills in support of Hong Kong protesters November 28, 2019 China has reacted with fury to Donald Trump’s decision to sign bills in support of the Hong Kong protesters. The US President has approved legislation that threatens sanctions on Chinese and Hong Kong officials for human rights abuses in the territory. Read more: Pro-democracy candidates win 90 per cent of council seats in Hong Kong [...]
Silver Lake pours $500m into Man City owner to break sports group valuation record November 27, 2019 Private equity giant Silver Lake has made a $500m (£389m) investment into Manchester City Football Club’s owners. The cash influx means Abu Dhabi’s City Football Group is now worth $4.8bn, the firms said today, breaking the valuation record for a sports organisation. Read more: Mourinho’s changes spark Spurs comeback to seal last 16 The deal [...]