After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Asian shares fall as Iraq conflict escalates June 16, 2014 Asian shares are down on the back of fears the escalating conflict in Iraq could disrupt oil supplies. On Sunday, the Islamic State of Iraq and Syria captured the city of Tal Afar and claimed to have killed 1,700 government troops over the weekend. The US has boosted security at its embassy in Baghdad and [...]
Mittal launches steel venture in growing Chinese auto market June 16, 2014 THE WORLD’S largest steel firm, ArcelorMittal, yesterday launched its joint Chinese venture to produce steel for use in car manufacturing. The group has opened a plant in Loudi, Western China, in combination with Hunan Valin Steel. ArcelorMittal says that the enterprise will be able to assemble 1.5m tonnes of steel per year. Though China is [...]
City Matters: How London is leading the way as a European centre for renminbi trade June 16, 2014 LONDON’S goal of becoming the leading Western offshore renminbi centre is expected to take a significant step forward this week, when a Chinese clearing bank is appointed in London. As the chancellor noted in his recent Mansion House speech, the capital has held a strong and growing position in renminbi trading since the City of [...]
London Report: Iraq fighting pushes up price of oil and lifts energy stocks June 12, 2014 ENERGY companies kept the FTSE out of the red yesterday, as oil prices were lifted by violence in Iraq. But the market was treading water as heavyweight mining stocks dropped sharply after worries about declining Chinese demand sent copper prices to a one-month low. The FTSE 100 ended up 4.24 points, or 0.1 per cent, [...]
Chinese insurer in talks to buy Canary Wharf tower for £780m June 11, 2014 A state-back Chinese insurance firm is thought to be in advanced talks to purchase law firm Clifford Chance’s headquarters in Canary Wharf for £780m. China Life, China’s largest life insurer, is understood to have been on the hunt for trophy assets to buy in London, providing further evidence of mounting interest from Chinese investors in [...]
IEA says Chinese gas demand set to double in next five years June 10, 2014 CHINESE demand for gas was set to almost double over the next five years, offsetting a slowdown in growth in other parts of the world, said the International Energy Agency today. Air quality concerns were pushing the Chinese government to reduce pollution, with gas emerging as a key part of the solution, said the independent [...]
Bitcoin businesses welcomed in the Isle of Man June 10, 2014 Digital currencies have received a ringing endorsement from the government of the Isle of Man. The crown dependency has announced it will be taking specific measures to protect businesses and customers utilising digital currencies, such as Bitcoin. “Our stance is intended to welcome those who can meet the necessary standards while also preserving the Island’s good [...]
Bitcoin receives red carpet welcome in the Isle of Man June 10, 2014 Digital currencies have received a ringing endorsement from the government of the Isle of Man. The crown dependency has announced it will be taking specific measures to protect businesses and customers utilising digital currencies, such as Bitcoin. "Our stance is intended to welcome those who can meet the necessary standards while also preserving the Island’s good [...]
Asian markets make gains after Chinese inflation data June 10, 2014 Asian markets have made moderate gains after data showed China's annual consumer inflation climbed 2.5 per cent in May, faster than the median estimate of 2.4 per cent. "Today's inflation data confirm our view that broader price pressures are stable and that concerns about deflation, sparked by a short-lived fall in headline inflation in April, were overplayed", [...]
S&P forecasts Chinese property prices will fall as market cools June 9, 2014 CHINESE property prices are forecast to fall five per cent this year as the property market cools, according to a new report by Standard & Poor’s. The predicted decline marks a significant correction from the 11.5 per cent increase in prices in 2013, with prices in some top tier cities rising over 20 per cent [...]