The warning lights for the next economic crisis are starting to flash January 25, 2018 The global economic zeitgeist has shifted. A decade on from the financial crisis, the world economy can at last see over the hill and make out the features of the “Promised Land” called normalisation. There is a palpable sense that the world economy has crossed three important lines. First, that it is finally achieving synchronised [...]
It’s time for London to look beyond Brexit and focus on a decade of Asian engagement | City A.M. January 25, 2018 As the UK is dominated by domestic politics and Brexit news, it is easy to lose sight of priorities in other global markets. I have the advantage of spending half my time in Asia, and this engagement brings a helpful perspective. By 2025, the region is expected to contribute to 45 per cent of global [...]
Overheard at Davos: former UK Prime Minister David Cameron says Brexit is a “mistake, not a disaster” January 24, 2018 David Cameron has been overheard at Davos saying Brexit is a “mistake, not a disaster”. Recorded by 5News while speaking to steel magnate Lakshmi Mittal, the man who called the EU referendum admitted that the UK economy hasn’t tanked in the way he once predicted. Read more: David Cameron put in charge of a £1bn [...]
UK investors are bullish on emerging markets as only gold ranks higher, says Franklin Templeton research January 23, 2018 Emerging markets have seen a surge in popularity with UK investors, according to investment firm Franklin Templeton. More than half of independent investors surveyed, at 55 per cent, said that now was a good time to invest in less developed markets. Meanwhile a quarter said they were more positive about the asset class than a [...]
World’s richest football clubs 2018: Manchester United hold off Real Madrid and Barcelona in Deloitte Football Money League January 23, 2018 Manchester United have retained their billing as the world’s richest club after they pipped European champions Real Madrid to first place in Deloitte’s Football Money League. United, who benefited from winning the Europa League and lucrative new Premier League broadcast contracts, outstripped Real and Barcelona last season despite the fall in value of the pound. [...]
Bitcoin regulation: The US SEC has “significant” concerns about bitcoin ETFs January 19, 2018 The US Securities and Exchange Commission (SEC) has seen growing interest for exchange-traded funds (ETFs) that hold value in cryptocurrencies, but the regulator has warned it there are “significant” investor protection issues that need to be looked at before such funds are offered to retail investors. In a letter, the SEC’s investment management division director, [...]
Trump’s migration slur displays disturbing economic ineptitude January 19, 2018 Immigrants from “shithole countries” are not welcome in the US. That was reportedly President Donald Trump’s verdict at a meeting last week on migration policy. The subsequent outrage has centred around the obscene, and downright racist, language allegedly used to describe Haiti, El Salvador, and certain African nations (which the President has since denied). Read [...]
China’s economy surprises with growth of 6.9 per cent in year Xi cemented power January 18, 2018 China grew faster than expected during 2017, surprising analysts who had expected the gradual slowing of the world’s second-largest economy to continue. GDP grew by 6.9 per cent over the course of the last year, the first increase in the country’s growth rate since 2010, according to government data published today. The economy grew by [...]
Bitcoin is rising again after yesterday’s crash below $10,000 January 18, 2018 Bitcoin is finally regaining some ground after a two-day collapse which sliced tens of billions off of its market value. The number one cryptocurrency was up 12.94 per cent at $11,652.80 today, according to Coinmarketcap, after slumping to below $10,000 yesterday, around half the value of its all-time high. Other major cryptocurrencies were also in [...]
Bitcoin price (BTCUSD) drops below $10,000 as ethereum (ETH) and Ripple (XRP) follow suit January 17, 2018 Bitcoin dropped below $10,000 today having halved from its peak of nearly $20,000 as fears of a regulatory clampdown persisted. The cryptocurrency dropped to as low as $9,801, its lowest point since before December, according to Coindesk’s aggregate price index. Bitcoin’s market cap has shed tens of billions of dollars since Monday as the digital [...]