US stocks close lower amid Greek debt crisis July 6, 2015 United States stocks closed lower today, however they clawed back some of the sharp losses seen at the open, after European and Asian markets which shook off the fallout from the Greek debt crisis earlier in the day. The Dow Jones Industrial Average ended the day down 46.53 points, or 0.26 per cent, to just [...]
China freezes IPOs as stock markets nose-dive July 5, 2015 China has reportedly stepped up efforts to stabilise its tumultuous stock market by suspending initial public offerings and creating a market stabilisation fund. The world's second-largest economy halted new share offerings yesterday according to the Wall Street Journal. This could improve liquidity because large amounts of money are frozen when subscriptions are taken, diverting it away from current [...]
China in the throes of investment fever: Ordinary Chinese gripped by buzz of stock market speculation July 2, 2015 Three years ago China was in the grip of a walnut investing bubble. In an episode akin to 17th century tulip mania, wealthy Chinese paid up to £3,000 (¥30,000) for a pair of walnuts which cost £36 (¥350) several years prior. In the belief that rolling a nut in the palm of the hand [...]
All three major indexes fall on Greek worries – New York Report June 29, 2015 LOSSES were extended in heavy trading yesterday after the collapse of Greek bailout talks,with all three major US indexes falling more than one per cent for the first time since 26 May. The Dow Jones industrial average fell 262.14 points, or 1.46 per cent, to 17,684.54, the S&P 500 lost 32.56 points, or 1.55 per [...]
Greece adds to toxic mix of global risks – CNBC Comment June 29, 2015 Grexit, Grexident and now Greferendum – the debt crisis in Greece has thrown up plenty of new portmanteaux, as linguistics professors would call these often tortuous combinations of words. And owing to the Greferendum becoming a reality this weekend, it now looks increasingly likely that the others may also move from concept to execution. Greek [...]
Focus on Wimbledon property: A game of two halves in SW19 June 25, 2015 The world’s eyes will make their annual pilgrimage to Wimbledon on Monday, where they’ll spend several hours swivelling backwards and forwards watching the greatest tennis tournament on earth. While this leafy corner of south west London is primarily known for racquet sports, the rest of the year it’s one of the fastest-growing local property markets [...]
Mining strength offsets worries over Greek deal – London Report June 24, 2015 BRITAIN’S top share index turned lower after touching a three-week high yesterday although it still outperformed Eurozone shares with strength in the mining sector insulating the index from the Greek debt standoff. The blue-chip FTSE 100 index hit 6,873.43 in morning trade, its highest level since June 4. It turned lower to trade up just [...]
Crown Estate returns £285m to public purse after record year June 24, 2015 The Crown Estate today announced another year of record profits thanks to the regeneration of its vast estate at the heart of London’s shopping district plus its growing offshore wind business. The Crown Estate’s net profit, which goes into the Treasury’s coffers, rose to a record £285.1m in the year to 31 March – up [...]
US and Qatari team gears up for £5bn F1 deal June 23, 2015 FORMULA 1 could make its first breakthrough into the US market if a deal being put together by the owner of American football team the Miami Dolphins and Qatar Sports Investments is successful. RSE Ventures, founded by US real estate and sports tycoon Stephen Ross, is targeting a 35.5 per cent stake, currently owned by [...]
Twelve reasons why the campaign for Brexit is quickly gaining momentum June 23, 2015 It was not long after the Conservative general election victory that the campaign for the UK to stay in the European Union was launched – no matter how disappointing the results of David Cameron’s renegotiation might be. Even before the Referendum Bill was published and the wording of the question set, the creation of [...]