DEBATE: It’s UK-India week, but has Britain missed its chance for closer post-Brexit Indian ties? June 18, 2018 It’s UK-India week, but has Britain missed its chance for closer post-Brexit Indian ties? Lord Bilimoria, the founder and chairman of Cobra Beer and president of the UK Council for International Student Affairs, says YES. The government’s hostile stance on immigration makes it unwilling to make positive steps towards seizing the chance to forge closer [...]
China is relaxing foreign ownership caps, and London must grasp the opportunity June 18, 2018 I write today’s article in a tall building overlooking the so-called “Paris of the East”, better known as the city of Shanghai. From here, you can see the old and new – the remnants of Shanghai’s old financial centre along the Bund, and the mind-boggling array of skyscrapers which have flown up on the other [...]
Google to invest $550m into Chinese e-commerce site JD.com June 18, 2018 Google has announced it will be buying up $550m (£415m) of shares in Chinese e-commerce site JD.com, in an strategic partnership with the goal of expanding its reach in both south east Asia and in retail services. Google joins the ranks of existing investors like the Chinese social media giant Tencent, which is JD’s biggest [...]
FTSE 100 ends the day 100 points down despite Rolls-Royce gains June 15, 2018 The FTSE 100 ended the day down more than 100 points as trade war fears reared their head again. After Donald Trump confirmed he will slap tariffs on $50bn worth of Chinese goods, London's blue-chip index closed down 131.9 points at 7,633.9. Global market sentiment was low today, but the FTSE performed particularly poorly due [...]
UBS London HQ is sold for £1bn as Asian investment in London’s “trophy buildings” rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for "trophy buildings" in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
UBS London HQ is sold for £1bn as Asian investment in London real estate rises June 14, 2018 The London headquarters for multinational investment bank UBS has been bought for £1bn by a Hong Kong property tycoon, as Asian demand for “trophy buildings” in the capital grows. CK Asset Holdings, run by Victor Li after he took over the company from his father Li Ka-shing earlier this year, has purchased the prime office [...]
Which countries are most at risk from a trade war? June 14, 2018 The US and China have been trading fierce rhetoric over the past two months, threatening to slap billions of dollars' worth of tariffs on each other's goods and services. If the skirmish turns into a full-blown trade war could it threaten the global economic recovery? While the current dispute between the two countries hasn’t officially [...]
DEBATE: Should MPs reject each of the 15 House of Lords amendments to the Brexit bill today? June 12, 2018 Should MPs reject each of the 15 House of Lords amendments to the Brexit bill today? David Campbell Bannerman, MEP and board member of Leave Means Leave, says YES. The job of the House of Lords is to amend and improve, not to wreck, sabotage, or unconstitutionally reverse the decision of the British people, nor [...]
The focus on tech stocks is too narrow – it’s time to get creative June 12, 2018 Tech is a no brainer for investors. But a simple investment theme for the sector is being badly executed. Investors are too narrow in their focus, chasing Nasdaq and FANG (Facebook, Amazon, Netflix and Google) stocks, in a similar way to how they tend to play emerging markets. That is, in a simple fashion. Investor [...]
HSBC to invest up to $17bn in expansion and tech as it swings to ‘growth mode’ June 11, 2018 HSBC will invest as much as $17bn (£12.7bn) in expanding its network and adopting new technology as it puts a period of restructuring behind it, its chief executive announced today. The UK's largest bank by assets will invest between $15bn and $17bn "primarily in growth and technology", chief executive John Flint said in an announcement. [...]