US and Canada ease trade fears with last-minute deal to revamp Nafta October 1, 2018 Canada struck a dramatic eleventh-hour trade deal with the US and Mexico last night, putting an end to a year of tense economic negotiations in North America. In an effort to revamp the current North American Free Trade Agreement (Nafta), the three countries reached a trilateral agreement only hours before a midnight deadline, quelling threats [...]
New homes: Our pick of the new builds and conversions going on sale in London this weekend September 28, 2018 New developments on the market this week Lime Quarter, Bromley-by-Bow From £300,000 Help to Buy homes are going on sale next to Devons Road DLR. The first 10 homes launched last night with one and two bedroom apartments available to purchase through the government’s equity loan scheme. Overall, there will be 130 homes, including three [...]
Chinese currency transactions in London soar 30 per cent in second quarter September 26, 2018 Chinese currency transactions in London increased by more than 30 per cent this year, hitting £70bn in the second quarter. The capital retained its position as the largest renminbi (RMB) clearing centre outside of Greater China, according to a report by City of London Corporation and the People's Bank of China. Read more: China accuses US of [...]
Q&A: Adam Tooze on the financial crisis, Trump and the City of London after Brexit September 25, 2018 Ten years after the start of the financial crisis, Columbia University historian Adam Tooze’s epic work of economic history, Crashed, describes a world still coming to terms with its aftermath. He spoke to City A.M. about the US, the City of London, and where the next crash could come from. Why write this book [...]
Price wars versus trade wars: Markets work just fine when we leave them alone September 21, 2018 David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since [...]
Price wars versus trade wars: Markets work just fine when we leave them alone September 21, 2018 David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
Britain can’t escape a global trade war – so we have to stop it September 20, 2018 The first casualty of war, it is said, is truth. The first casualty of the current US-China trade war was Mid-Continent Nail – America’s largest nail producer – which is in a state (Missouri) that overwhelmingly voted for Donald Trump, and has already had to lay off a third of its workforce. The problem is [...]
Britain can’t escape a global trade war – so we have to stop it September 20, 2018 The first casualty of war, it is said, is truth. The first casualty of the current US-China trade war was Mid-Continent Nail – America’s largest nail producer – which is in a state (Missouri) that overwhelmingly voted for Donald Trump, and has already had to lay off a third of its workforce. The problem is [...]