Rio Tinto lowers 2017 iron ore guidance due to delay of its driverless train system AutoHaul April 19, 2016 Rio Tinto has cut its 2017 production guidance but posted year-on-year gains. The figures Global iron ore production for the first quarter of the year were reported at 84m tonnes, up 13 per cent from last year. However, the figure for first quarter iron ore production represents a four per cent fall compared to the last [...]
How Brexit would affect the UK’s pharma, auto, financial services, digital, professional, steel and aerospace sectors, according to the Treasury April 18, 2016 The Treasury's 200-page report on the impact of a Brexit on the UK economy looks at exactly how bad things could get for certain sectors. You might not agree with it, but this is what the government's bean counters estimate will happen to some of the country's biggest and most important industries. Pharma The sector, [...]
Oil and gas execs flag Opec policy as biggest risk to the industry April 18, 2016 The majority of senior oil and gas executives have singled out Opec policy as the biggest risk currently facing the struggling industry. Around 74 per cent of senior international oil and gas execs think Opec policy is the most significant geopolitical concern for the industry, according to research by global law firm Clyde & Co. Read more: Doha oil production freeze talks end [...]
EU referendum and Brexit risk low priority for dealmakers in global M&A survey April 18, 2016 The prospect of a Brexit is a low-priority risk for global dealmakers, a new mergers and acquisitions (M&A) report suggests. Research by law firm Herbert Smith Freehills (HSF) also found global appetite for M&A has been largely unaffected by economic volatility in 2016. Read more: Mr Kipling owner not tasty enough for McCormick after all The authors of [...]
17 psychological tricks to make people like you immediately April 15, 2016 Most friendships develop so naturally that you don't even realise how or when they started. Sometimes, though, you want to make an effort to befriend a new acquaintance or become a better friend to existing pals. To help you out on that front, we scoured the psychological research to find science-backed strategies to get people [...]
S&P: Green bond issuance could triple this year April 15, 2016 Credit ratings agency Standard & Poor's has said green bond issuance could triple to $28bn this year, providing the Chinese market takes off. But investor appetite will continue to exceed supply, following the Paris climate change negotiations in December. Read more: London is leading the world in financing the global low carbon shift A green bond must [...]
BlackRock’s profit has slumped by 20 per cent after struggling to deal with high levels of volatility in global markets April 14, 2016 US based BlackRock, the world's largest asset manager, failed to weather the global financial storm at the start of this year. The wild market swings, which saw the total value of the Chinese markets reduced by 50 per cent and the price of a barrel of crude oil sink to lows of $27 per barrel, knocked [...]
McDonald’s target private equity firms in Asia as it seeks super size sell-off of 2,800 restaurants April 14, 2016 Global fast food giant McDonald's has begun targeting private equity firms in its bid to sell 2,800 restaurants located in northern Asia. Bain Capital, MBK Partners, TPG Capital Management and the Chinese state-backed conglomerate China Resources (Holdings) are among the firms that have been approached about the buyouts, Reuters reported. The Big Mac maker is serving [...]
CNBC International targets business thirst for news from China as bullish boss backs network to succeed in multiplatform media world April 14, 2016 China's economy may have been an area of concern for many in the business world so far this year. But for CNBC, the US-founded international business news broadcaster, it represents an opportunity. The international business community's "thirst" for news from China is growing. And CNBC wants to be there to provide it – despite the political challenges of working in the country. [...]
P2P lending: These are the nine key trends in alternative finance April 13, 2016 How will P2P lending fare in a downturn? Can the industry improve securitisation practices? Why did growth slow last year? Is China really the most exciting market? What will consolidation mean for the industry? These are just some of the questions thrown about at LendIt USA. With over 4,000 attendees, including the world’s leading platforms [...]