Chinese and Silicon Valley deals set to keep M&A activity high in fintech, e-commerce and other tech industries March 23, 2016 A mergers and acquisitions (M&A) advisory firm has predicted a bright future for activity in the fintech, automotive technology and e-commerce industries. In a series of reports, Hampleton Partners has found M&A activity in these areas has been “growing substantially” over the last 30 months. And movement from China and Silicon Valley is predicted to keep [...]
Asian shares mixed on Tuesday as Chinese stocks dip modestly while Nikkei buoyed by weaker yen March 22, 2016 Chinese stocks slid on Tuesday as a weaker yen buoyed Japanese stocks after a public holiday on Monday. On a mixed day for Asian markets, Chinese decreased gains they made on Monday with the Shenzen composite down 0.41 per cent and the Shanghai composite lower at 0.78 per cent. Hawkish comments from two US Federal Reserve officials [...]
Donald Trump becoming next US president is a bigger risk to the world than jihadi terrorism and Brexit, according to the Economist Intelligence Unit March 17, 2016 China's economy experiencing a sharper-than-expected slowdown is the world's biggest risk, according to the wonks over at the Economist Intelligence Unit. "If China's economy slows by more than we currently expect, it will further feed the ongoing global commodity price slump, with a hugely detrimental impact on those Latin American, Middle Eastern and Sub-Saharan African states that [...]
Has ECB president Mario Draghi’s big bazooka forged a currency war ceasefire? March 15, 2016 It has been a brutal race to the bottom for currencies, with interest rates slashed, the lower bound tested through negative deposit rates, and monetary policy re-written to explore more inventive options. But in the latest chapter, as the ECB gets more abstract, action has swung to credit easing rather than rate cuts, which maybe – just [...]
Glencore, Anglo American and Antofagasta share price: FTSE Mining shares bounce on steady copper prices March 14, 2016 Mining shares jumped today, tracking copper prices which steadied just below four-month highs following good news out of top consumer China. Copper prices were up 1.6 per cent to $4,970 per metric tonne on the London Metal Exchange in mid-afternoon trading. They were buoyed by assurances from an important securities regulator that top Copper consumer China will [...]
Hinkley Point C nuclear power station: EU gives EDF and China’s CGN okay for £18bn project March 11, 2016 The European Union's competition authority has given French utility giant EDF and Chinese nuclear firm CGN regulatory approval to build the controversial Hinkley Point C project. Hinkley is being financed by the two companies and will cost around £18bn. However, there's rising concern over whether EDF's already stretched balance sheet will be able to absorb this. "The [...]
London’s best steamed buns: Where to find the ultimate street-food snack March 11, 2016 Steamed buns – variously known as baozi, bao, humbow, nunu, bakpau, bausak, pow – are quite possibly the best thing ever. East Asian countries including Korea, Taiwan, China and Japan all have their own take on this light, fluffy package of sweet or savoury goodness. Thankfully, London has plenty of places you can pick them [...]
EU referendum: Savills posts record results but warns uncertainty surrounding Brexit vote could slow UK housing market March 10, 2016 Estate agency Savills posted a strong start to the year but warned that it expects the UK property markets to cool this year due to stamp duty reforms and uncertainty ahead of the EU referendum. The company beat analyst forecasts by posting a 21 per cent rise in pre-tax profit to £121.4m last year, fuelled by its expansion in the [...]
It’s Waterloo for the global economy – and we’re dangerously lacking reinforcements March 10, 2016 What has 1815 and the Battle of Waterloo got to do with 2016 and the world economy? On 18 June 1815, the Duke of Wellington could feel the battle slipping away, but he also knew the Prussians under General Blucher were coming and that could win the day. Fast forward to 2016 and there is no [...]
The world’s largest sovereign wealth fund had its worst year since 2011 last year, but managed to avoid negative returns March 9, 2016 The Norwegian Sovereign Wealth Fund has returned 2.7 per cent on its investments in 2015 thanks to a rally in equities late in the year. The low oil price and slowing emerging markets dragged on returns however, meaning the world’s largest sovereign wealth fund recorded its weakest performance since 2011. The oil fund, managed by [...]