The biggest story since the end of the Cold War: China’s new anti-West axis June 2, 2014 IN THE words of the great stoic philosopher Marcus Aurelius, “The object of life is not to be in the majority, but to escape finding oneself in the ranks of the insane.” By this definition, the greater number of foreign policy analysts ought to be speedily locked up, as they have so underrated the seismic [...]
What you need to know before the open June 2, 2014 European markets are expected to receive a boost this morning after postive Chinese manufacturing data lifted Asian markets Det Norske Oljeselskap ASA, a part-owner of Noway's largest offshore oil discovery in the last several decades, may move after agreeing to buy Marathon Oil Corp.’s local unit for $2.7bn. European equities rose 1.9 percent in May [...]
Chinese manufacturing boosts Asian markets June 2, 2014 Asian markets are on the up after the third successive pick-up in the Chinese manufacturing purchasing managers' index (PMI). PMI rose to 50.8 in May, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing. The new data may add further weight to the view that the world's second largest economy is not [...]
The biggest story since the end of the Cold War: China’s new anti-West axis June 1, 2014 IN THE words of the great stoic philosopher Marcus Aurelius, “The object of life is not to be in the majority, but to escape finding oneself in the ranks of the insane.” By this definition, the greater number of foreign policy analysts ought to be speedily locked up, as they have so underrated the seismic [...]
Asian markets mixed ahead of Chinese data release May 30, 2014 Asian markets swung between gains and losses as investors await the release of Chinese manufacturing data. China's official manufacturing purchasing manager's index (PMI) for May will be published on Sunday. Analysts are forecasting a slight rise from April's 50.4 to 50.6. The Nikkei is down 0.3 per cent after data showed a slowdown in industrial [...]
Tesco creates China’s largest food retailer with CRE venture May 29, 2014 TESCO has finalised a joint venture with the state-run China Resources Enterprise (CRE) to create China’s largest food retailer. The deal combines Tesco’s 134 Chinese outlets with CRE’s 2,986 stores, called Vanguard. CRE will own 80 per cent of the new chain and Tesco will have a 20 per cent stake. Tesco chief executive Philip [...]
Bitcoin’s success hinges on the rule of law says Canadian think tank May 29, 2014 The success or failure of the world's favourite cyrptocurrency depends on its legal status, according to a research note from the Montreal Economic Institute (MEI). Examining a host of countries that have implemented regulatory frameworks regarding Bitcoin, MEI find there are three factors which are critical to the success of the digital currency. First, users [...]
B&Q owner Kingfisher’s shares are tumbling. Here’s why May 29, 2014 Kingfisher shares have shed 6.1 per cent, despite the home improvements retailer announcing a £100m special dividend this morning. Like-for-like sales at B&Q jumped 9.7 per cent to £1bn in the first quarter, with Screwfix seeing a 12 per cent increase, to £192m. But investors may not have been so filled with confidence over the [...]
Bottom Line: Drugs keep a smile on the market’s face May 28, 2014 WITH the Glaxosmithkline (GSK) share price falling only 1.59 per cent, the market seems pretty sanguine about the announcement of an SFO investigation. That shouldn’t be too surprising. While the SFO has the power to levy unlimited fines in the most extreme cases, with so little detail the gravity of this investigation is not yet [...]
Asian markets climb higher after positive US data May 28, 2014 Asian markets are up this morning after a slew of positive economic data from the US and rising Chinese industrial profits. Data released yesterday showed a surprise increase in US durable goods orders in April of 0.8 per cent – the consensus had been for a 0.5 per cent fall. Consumer confidence and home prices [...]