After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Kleinwort gets cold shoulder from Fosun July 27, 2015 CITY stalwart Kleinwort Benson yesterday gave a chilly response to Chinese firm Fosun’s offer to buy the group, claiming it had shunned contact with the board before the bid. Fosun, which bought a five per cent stake in Thomas Cook in March, is already the largest shareholder in the Brussels-listed firm, with a holding of [...]
Beijing‘s bull market battle plan backfires: Shanghai suffers renewed sell-off as Chinese authorities grapple with volatility July 27, 2015 Chinese authorities are coming in for criticism over “heavy handed” tactics as they struggle to prevent the stock market unravelling further. As the week’s trading began, China’s benchmark Shanghai Composite index suffered the biggest one-day fall since the financial crisis, shedding 8.5 per cent. This renewed sell-off is widely believed to be down to flagging [...]
FTSE wipes all 2015 gains as commodity stocks take a tumble – London Report July 27, 2015 The FTSE fell back to where it started this year, erasing all its gains made since January, down 8.4 per cent since hitting a record high in April. The blue-chip FTSE 100 index ended 1.1 per cent lower at 6,505.13 points, in its longest losing streak so far in 2015. Fears for economic [...]
Chinese decline hits Wall Street – New York Report July 27, 2015 The Nasdaq lost almost one per cent yesterday, after the steepest decline in Chinese stocks in eight years increased concerns that cooling growth in the world’s second largest economy could hurt China’s trading partners. The Dow Jones industrial average fell 0.72 per cent to end at 17,441.79 points, its lowest since February. The S&P 500 [...]
Donald Trump’s fairy tale economics is bad for his party and terrible for America July 27, 2015 The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016. The pack is certainly more impressive than in 2012 and, with the exception of one or two candidates, they are ostensibly advocates of relatively free market policies. In [...]
How much lower can the Australian dollar go? – CNBC Comment July 27, 2015 Commodities have been a crushing long trade, with the latest rout taking oil below $50 a barrel, and the commodity currencies to six year lows. They are not the only victims, with gold, copper, iron ore, mining stocks and soft commodities also casualties in a rollover that some are calling a second wave meltdown. The [...]
Why it’s a pivotal week for more than just US assets – eToro tips & picks July 27, 2015 IT’S A massive week for US markets, with both the GDP print and the all-important two day Federal Open Market Committee meeting. Fed chair Janet Yellen will be looking to either dispel rumours or confirm the fact that we are very close to the first rate hike in the US in almost 10 years. So [...]
Plummeting Chinese stocks send negative waves across European and US markets July 27, 2015 Monday's huge fall in Chinese stocks has sent ripples of uncertainty across western markets. Read more: China stocks suffer biggest one-day drop since the financial crisis The Shanghai Composite Index fell by 8.5 per cent in early trading, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen plummeted 8.6 percent, [...]
With Greece, China and rate rises heightening fears, will this be a bad summer for investors? July 23, 2015 Laith Khalaf, senior analyst at Hargreaves Lansdown, says Yes It has been a pretty bad summer for the stock market so far – and we would have to have a belter of a month in August for the FTSE to claw its way back to the 7,000 mark. I do not see the macro worries [...]
Which countries eat the most ice cream in the world? Here’s the scoop July 23, 2015 Things are changing in the delicious world of ice cream. The Chinese are warming up to the icy delights of the classic treat and have just stolen the crown from the US as the biggest consumers of the treat in the world, licking up more than 5.9m litres of the stuff in 2014. The change [...]