Donald Trump will lose his presidential campaign – but what he represents isn’t going anywhere December 13, 2015 Donald Trump, for all that he is pushing his supposed novelty as the great reason fearful Americans should vote for him, is actually part of a very old American story, even if he is probably personally unaware of this. Before dispatching him to the obscurity he so richly deserves, it is important to place Trump [...]
Alibaba buys South China Morning Post as media interests grow December 11, 2015 Alibaba has added to its expanding media empire by buying the South China Morning Post, Hong Kong's biggest local English-language newspaper. Read more: Alibaba made £9.4bn in 24 hours on Singles Day The Chinese e-commerce giant did not disclose the financial terms of the deal for the 112-year old paper owned by SCMP Group Ltd – a [...]
These were some of the worst investments of 2015 December 10, 2015 From a slowdown in the Chinese economy to the Greek debt crisis, a number of events burnt the hands of even the shrewdest investors this year. Here’s a round-up of some of the worst. Mounting fears China’s economy is slowing at a greater pace than previously thought gave investors a bumpy ride in 2015. China’s [...]
FTSE closes flat as the oil and metal rout ends – London Report December 10, 2015 THE FTSE 100 index closed down yesterday despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. “It [...]
At the close: FTSE 100 index closes down despite miners making gains December 9, 2015 The FTSE 100 index closed down today despite a number of miners shaking off a volatile start to the day to close higher. The index closed 0.14 per cent down at 6,126 points, even though gains were seen at companies including Glencore, Rio Tinto and BHP Billiton, as well as Ashtead Group. "It would appear that a weaker US [...]
Yahoo share price rises after confirming it won’t spin off Alibaba stake December 9, 2015 Yahoo has performed a u-turn on its plans to spin off a lucrative stake in Chinese giant Alibaba, confirming speculation following a meeting of chief executive Marissa Mayer and the company board. "After careful review and consideration of how to best drive long-term value for shareholders, [the board] has unanimously decided to suspend work on the pending [...]
Brent crude oil prices steady after yesterday’s sell-off December 9, 2015 Oil prices recovered losses this morning, drawing a line under two days of turmoil prompted by indecision from the Organization of the Petroleum Exporting Countries. Brent crude oil prices, the global benchmark, rose 1.1 per cent at $40.70 per barrel this morning, while US West Texas Intermediate jumped 1.6 per cent at $38.05 per barrel. [...]
Oil and China hit Wall Street – New York Report December 8, 2015 CRASHING oil prices and fears over weak Chinese data yesterday pulled US stocks down in a choppy session. The Dow Jones industrial average fell 162.51 points, or 0.92 per cent, to 17,568, the S&P 500 lost 13.48 points, or 0.65 per cent, to 2,063.59 and the Nasdaq Composite dropped 3.57 points, or 0.07 per cent, [...]
AB InBev chief executive Carlos Brito defends “beerhemoth” SABMiller merger to Senate Committee sceptics December 8, 2015 Anheuser Busch InBev chief executive Carlos Brito was put through his paces yesterday as members of the US Senate Judiciary Committee voiced concerns that the £71bn merger between the world’s two largest brewers AB InBev and SABMiller, would harm consumers and competitors in the US. Brito was appearing in front of the Committee with Molson [...]
At the close: FTSE 100 index closes down on miners December 8, 2015 The FTSE 100 index closed down today, led lower by miners who followed Anglo American. The index shut 1.42 per cent down at 6,135 points. "Once the world knew that Anglo-American was unlikely to pay any dividend for 2015-2016, the mining sector was put to the sword for the day. Anglo American at one point saw [...]