The rise of Chinese finance puts pressure on London and New York as top financial centres September 12, 2018 London and New York remain the top two financial centres in the world but Asian cities are hot on their heels, according to an authoritative ranking to be published today. A major report from London-based think tank and consultancy Z/Yen will show the average ranking of financial centres in Asia and the Pacific region rose [...]
Despite recent emerging market struggles, there are plenty of reasons to invest in India September 11, 2018 Of all the emerging market economies, China usually garners the most attention. And with China often hogging the limelight, India can be the neglected cousin. Yet, there are plenty of reasons for investors to get excited about this developing nation, particularly as Chinese growth slows down. Admittedly, the burgeoning trade war with the US creates [...]
Volvo indefinitely delays IPO plans over uncertainty of trade war and automotive industry September 10, 2018 Volvo Cars has indefinitely delayed plans for a listing in Stockholm due to trade tensions and a down turn in automotive stocks. The Swedish carmaker and its Chinese owner Geely had planned an initial public offering valuing the company between $16bn (£12.4bn) and $30bn. Chief executive, Hakan Samuelsson told Reuters: “We have come to the [...]
Jack Ma to unveil succession plan after reports he will retire from Alibaba September 8, 2018 One of China's richest men Jack Ma will unveil a succession strategy on Monday following reports he is preparing to retire from internet giant Alibaba. Ma, who co-founded the Chinese tech behemoth in 1999, told the New York Times he planned to retire and focus on philanthropy in education. The e-commerce empire, with a market [...]
US jobs up by 201,000 as unemployment remains low September 7, 2018 The US added 201,000 jobs last month and the unemployment rate remained steady at a historic low of 3.9 per cent, new data has revealed. Job were gained in professional and business services, healthcare, wholesale trade, transport and warehousing, and mining, according to the US jobs report published by the Bureau of Labour Statistics today. [...]
Ten events that could move stock markets in the final quarter of 2018 September 7, 2018 As many northern hemisphere investors get their feet back under their desks after the summer break, we look at the key events and themes likely to be on the agenda for September and the fourth quarter of 2018. 1) Global trade negotiations The US and China held fresh, and largely fruitless, trade talks in August. [...]
US tech firms ask Trump for Chinese tariff exemptions in ongoing trade war September 7, 2018 US tech giants have asked President Donald Trump’s administration for an exemption from new tariffs against China. With President Donald Trump set to reveal a fresh tranche of tariffs targeting $200bn (£154.6bn) of Chinese exports, Cisco, Dell, Hewlett Packard Enterprise and Juniper Networks urged the White House to whitelist components behind some of their products. [...]
China threatens to retaliate if Trump imposes fresh tariffs on $200bn of Chinese imports September 6, 2018 China has threatened to retaliate if the US imposes any new tariffs as the world's two biggest economies look set to escalate their trade war. The deadline for public comments on US President Donald Trump's plan to impose tariffs on a further $200bn of Chinese imports will pass later today. Trump could move ahead with [...]
FTSE 100 trades at five-month low as emerging markets continue to fall and US-China trade war looms September 6, 2018 The FTSE 100 is trading around a five-month low as emerging markets continue to fall and the trade war between the US and China threatens to escalate. Uncertainty surrounding emerging markets – including Turkey, South Africa and Argentina – and the potential escalation of a trade war between the US and China has led to [...]
Foreign exchange trading volumes rise as global currencies remain volatile September 5, 2018 Foreign exchange trading volumes have risen more than 7 per cent, NEX Group said, as global currencies remain volatile. NEX, which runs one of the largest FX trading platforms, said average daily trading volumes rose to $84.7bn in August from $83bn in the same month last year. For the year ending 31 August average daily [...]