UK Primary Consumer Sentiment Index rises as summer’s economic scepticism starts to recede September 10, 2015 UK consumer confidence appears to have rebounded after a two month decline, according to a survey by Thomson Reuters and Ipsos Mori. September’s figures, released yesterday, show the Primary Consumer Sentiment Index (PCSI) up 1.4 points from August, standing at 53.6 for September. Looking further into the sub-indices that make up the PCSI, the growth [...]
Chinese economy: Premier Li Keqiang says China will reach economic targets September 10, 2015 China is on track to meet its economic targets for the year, despite fears of slowdown, the Chinese Premier Li Keqiang has said. Speaking at the World Economic Forum in Dalian, China, Li said there was not a risk of a hard landing due to government actions, despite a series of poor economic data and [...]
Miners come up gold for FTSE 100 as London rallies – London Report September 10, 2015 Asian market gains helped the FTSE to rally yesterday for a third straight session – also boosted by encouraging corporate news from mining companies and financial firms. The FTSE 100 index was up 1.4 per cent at 6,229.01 points at its close, still around 12.6 per cent off April’s record high, after uncertainty over China’s [...]
MBA courses: Study at home or away? September 10, 2015 In a climate where “global” is the norm, choosing where to study an MBA can be difficult. Gone are the days when high flyers looking for distinction and a salary hike hopped across the pond. Indeed, QS Top MBA research has found that, despite the UK and US remaining the most popular destinations worldwide, MBA [...]
City A.M. shadow mpc votes 6-3 to hold policy September 9, 2015 CITY A.M.’s panel of economists said the Bank of England should hold fire on rates when its committee votes today. Expectations of the first rate rise have been pushed back after market turmoil in China and commodity price falls. However, Bank of England governor Mark Carney has played down the impact of both on inflation [...]
Alibaba diversification continues with new sports business September 9, 2015 Alibaba has made sports is latest arena for diversification beyond the company's core e-commerce business, launching the Alibaba Sports Group. Read more: Real Madrid teams up with e-commerce giant Alibaba The Chinese e-commerce giant has already expanded into entertainment, cloud computing and electronics hardware this year. Its latest venture will integrate such existing businesses into "a [...]
Asian markets soar, as Nikkei posts biggest one-day gain in seven years September 9, 2015 Asian markets soared this morning, and the Nikkei index topped the lot. Closing 7.71 per cent higher at 18,771 points, Japan's key index made its biggest one-day gain since 2008, when wild volatility hit markets. The Topix also made a big jump, going up 6.4 per cent to 1,507 points. Read more: Chinese dragon [...]
The cost of luxury homes in Nine Elms are being slashed to bargain prices September 9, 2015 Nine Elms may be one of London's most ambitious residential development projects in decades – but it seems the luxury homes being built in the area aren't as popular as anticipated, after figures showed half of the homes under construction or just completed the area were reduced in price before they were sold The research, [...]
Economists urge caution over large drop in Chinese exports September 9, 2015 CHINESE exports dropped sharply in August, but economists were quick to point out the data did not point to a slowdown in global demand. A fall in a country’s exports can signal that demand from abroad is weak, but this is unlikely to be the case according to Paul Donovan, an economist at UBS. “In [...]
EU data boost FTSE amid hope for China upturn – London Report September 9, 2015 The UK’S top share index rallied yesterday, extending its gains from the previous session with a boost from better-than-expected Eurozone second quarter GDP data and hope for further market stimulus on Chinese markets. The FTSE 100 was up 1.2 per cent at 6,146.10 points at the close, lagging blue-chip German stocks. The European Union’s statistics [...]