After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Asian markets climb after upbeat Fed comments June 19, 2014 Asian markets are up after positive comments from both the Federal Reserve and Chinese Premier Li Keqiang, with the situation in Iraq failing to dampen optimism. The US central bank has indicated that rates will remain low for some time to come after a two-day policy review. The remarks sent the S&P 500 to a [...]
London gets its first renminbi clearing bank June 18, 2014 BRITISH businesses and traders will get more access to Chinese markets after the China Construction Bank (CCB) was yesterday appointed the UK’s first renminbi (RMB) clearing bank. The Bank of England signed the deal with CCB, meaning that firms in Britain would be able to clear currency trades through a bank in the UK. It is [...]
Rolls-Royce to collaborate with Chinese nuclear reactor vendors June 18, 2014 UK engineering giant Rolls-Royce yesterday signed a memorandum of understanding with CGN, the Chinese nuclear reactor vendor. The Rolls-Royce-CGN deal will open the way to collaboration in nuclear engineering support, the supply of emergency diesel generators and supply chain management, and comes just a day after Rolls-Royce inked a deal with CGN’s rival, SNPTC. China [...]
London signs slew of deals to foster renminbi trading June 17, 2014 THE LONDON Stock Exchange (LSE) yesterday inked agreements with two of China’s biggest banks to give businesses in China greater access to UK capital markets. The group said it had signed memorandums of understanding with Agricultural Bank of China and the Bank of China to boost London’s role as a hub for the burgeoning offshore [...]
Stock market correction: How to protect yourself from losses June 17, 2014 Income can help you weather any volatility, but be wary of bonds AFTER a stellar few years for global stock markets, concerns are growing over a looming correction. The S&P 500, Dow Jones Industrial Average, FTSE 100 and MSCI All-World share index have all been at or near record highs in recent weeks, and valuations [...]
What is 5G? What you need to know about the new mobile technology June 17, 2014 According to the EU's digital technology chief, Neelie Kroes, it will be the "lifeblood of the digital economy and digital society". But what do we know about 5G, the fifth generation of mobile connectivity? In truth, not much – yet. While the UK tries to grapple with 4G, 5G has been [...]
Alibaba reports slowing growth ahead of float June 16, 2014 ALIBABA Group, the Chinese e-commerce giant aiming for the largest stock market float in history, yesterday said revenue growth slowed dramatically last quarter, causing shares in co-owner Yahoo to tumble. The group, which wants to beat Facebook’s mammoth $15bn initial public offering by generating a market cap of $170bn, said fourth quarter revenue rose 38 [...]
How the City gained an edge in offshore renminbi – and will grow even stronger June 16, 2014 AS TOP bankers and policymakers meet in London this week for the UK-China Financial Forum, they may want to reflect on how far the City has come as a main offshore hub for the Chinese renminbi (RMB), supporting a rapidly growing number of British and other European companies trading with China. The offshore RMB market [...]
China housing bubble creates concrete ghost cities June 16, 2014 China’s growth is well documented and its property market the topic of much conjecture. There is nothing like a stark statistic to put this into context: according to Bill Gates’s article in Quartz, China has used more concrete in the last three years than the US did in the 20th century. There are just 7,758,818 [...]
Concrete data on China’s construction bubble June 16, 2014 China's growth is well documented and its property market the topic of much conjecture. There is nothing like a stark statistic to put this into context: according to Bill Gates's article in Quartz, China has used more concrete in the last three years than the US did in the 20th century. There are just 7,758,818 [...]