After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Wall St The Week Ahead: All eyes on Fed minutes for rate hike info July 6, 2014 WITH US stocks hitting record highs just before the Independence Day break last week on the back of strong jobs growth, the Bank for International Settlements – the global forum for central banks – said that markets were in a “euphoric” state and that keeping interest rates too low for too long could sow the [...]
Mercedes-Benz on track for a record year in sales July 4, 2014 German car manufacturer Mercedes-Benz is racing towards another record year, as it posted its strongest ever half-year sales. The automotive company's sales in the first six months of the year jumped by 12.8 per cent as it sold a total of 783,520 vehicles worldwide. “The first half of the year was extremely successful for us. [...]
Dairy Crest and Fonterra on the whey to China baby formula deal July 3, 2014 Cathedral City cheese maker Dairy Crest said yesterday it had struck a deal with New Zealand dairy giant Fonterra to tap into the £7bn Chinese baby formula market. The five-year deal will see Fonterra sell Dairy Crest’s whey – the key ingredient in baby formula and a by-product of cheese making – to fast growing [...]
$16,000: The amount it costs to get one person into the Chinese army July 2, 2014 Joining the army isn't a cheap matter in China. Limited spots and high demand mean that Chinese families end up forking out $16,000 for one child to pass the army entrance exam. China has the world's largest army, but it also has the world's biggest population, and young people from across the 31 municipalities have [...]
Asian manufacturing firms bouncing back after spring slump July 1, 2014 Two of Asia’s largest manufacturing sectors indicated more robust growth in June, with businesses in both China and Japan reporting an improved expansion last month. Data from Nomura and JMMA suggest that Japan’s manufacturing firms are bouncing back from their decline around April’s sales tax hike, with a purchasing managers’ index (PMI) score of 51.5. [...]
Russian markets take a hit as Ukraine ends truce July 1, 2014 Russian markets are taking a beating in the wake of Ukraine's decision to end the ceasefire with pro-Russian rebels. The Russian ruble has fallen sharply against the US dollar, with a 0.7 per cent slide. Meanwhile, Moscow's MICEX index dropped by 0.9 per cent after the announcement. Ukrainian President Petro Poroshenko said the renewed hostilities [...]
What the other papers say this morning – 01 July 2014 June 30, 2014 FINANCIAL TIMES EU slams US over Microsoft privacy A US attempt to force Microsoft to hand over emails held on servers in Ireland has drawn a strong rebuke from Brussels in one of the first tests of cross-border privacy raised by cloud computing. The US demand could contravene international law and should have been handled [...]
What the other papers say this morning – 30 June 2014 June 30, 2014 FINANCIAL TIMES Value of M&A hits $1.7 trillion Deal frenzy, animal spirits, merger mania – call it what you like, it is back. The value of global mergers and acquisitions hit $1.75tn in the first six months of the year, a 75 per cent rise on the same period last year and the highest since [...]
What the other papers say this morning – 27 June 2014 June 26, 2014 FINANCIAL TIMES GoPro soars on Nasdaq debut Shares in GoPro soared higher than the daredevil sports enthusiasts who use its action cameras as it made its stock market debut yesterday leaping more than 30 per cent to over $31 in its first morning of trading. The initial public offering is the biggest for a consumer [...]
Fund managers bearish about prospects for Chinese economy June 26, 2014 FUND managers are unconvinced about the potential for the Chinese economy this year, and a sizeable majority expect the country’s imports and exports to get worse as the summer gets underway. In a survey conducted by Capital Spreads and seen exclusively by City A.M, twothirds of the hundreds of fund managers surveyed expect that both [...]